Turkey GDP Annual Growth Rate  1999-2016 | Data | Chart | Calendar

The Turkish economy advanced 5.7 percent on the year in the three months to December of 2015, following a downwardly revised 3.9 percent expansion in the previous period and beating market expectations of 5.2 percent. It was the highest growth rate since the third quarter of 2011, boosted by private consumption, government expenditure and fixed investment. GDP Annual Growth Rate in Turkey averaged 3.93 percent from 1999 until 2015, reaching an all time high of 12.60 percent in the first quarter of 2010 and a record low of -14.70 percent in the first quarter of 2009. GDP Annual Growth Rate in Turkey is reported by the Turkish Statistical Institute.

Turkey GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
5.70 3.90 12.60 -14.70 1999 - 2015 percent Quarterly
On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent, followed by gross fixed capital formation (22 percent) and government expenditure (15 percent). Exports of goods and services account for 27 percent of GDP while imports account for 32 percent, subtracting 5 percent from total GDP. This page provides the latest reported value for - Turkey GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-10 08:00 AM Q2 3.8% 2.5% 3.45% 3%
2015-12-10 08:00 AM Q3 4% 3.8% 2.8% 3.2%
2016-03-31 07:00 AM Q4 5.7% 3.9% 5.2% 3.5%
2016-06-10 07:00 AM Q1 5.7% 5.5%
2016-09-09 07:00 AM Q2 5.1%
2016-12-12 08:00 AM Q3 4.4%

Turkish Economy Expands 5.7% in Q4


The Turkish economy advanced 5.7 percent on the year in the three months to December of 2015, following a downwardly revised 3.9 percent expansion in the previous period and beating market expectations of 5.2 percent. It was the highest growth rate since the third quarter of 2011, boosted by private consumption, government expenditure and fixed investment. Considering full 2015, the GDP advanced 4 percent, accelerating from a 3 percent growth in 2014.

Household consumption grew at a faster 4.7 percent (+3.6 percent in Q3), government spending grew further by 8.1 percent (+8 percent in Q3) and gross fixed capital formation expanded by 3.5 percent, after showing no growth in the previous quarter.

Exports rose by 2.1 percent (-1.4 percent in Q3), the first increase in four quarters, while imports contracted at a faster 2.6 percent (-1.2 percent in Q3). 

On the production side, agriculture activities grew 2.8 percent, industry advanced 7.2 percent and services sector expanded 6.1 percent.

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 0.7 percent.

Considering full 2015, the economy expanded by 4 percent, accelerating from a 3 percent growth in 2014. Household final consumption increased by 4.5 percent (from +1.4 percent in 2014) and government final expenditure increased by 6.7 percent (from +4.7 percent). Also, gross fixed capital formation increased by 3.6 percent (from -1.3 percent).

Meanwhile, exports of goods and services shrank by 0.8 percent (from +7.4 percent in the previous year), while imports increased slightly by 0.3 percent (from -0.3 percent).

Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/31/2016 8:30:53 AM

Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 1.20 6.69 -7.57 percent [+]
GDP Annual Growth Rate 5.70 3.90 12.60 -14.70 percent [+]
GDP 798.43 823.24 823.24 8.02 USD Billion [+]
GDP Constant Prices 34077275.90 34933562.10 34933562.10 14436128.60 TRY THO [+]
Gross National Product 33641401.30 35260909.60 35260909.60 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 8206102.50 7368798.80 8281826.30 82266.40 TRY THO [+]
GDP per capita 8871.91 8728.76 8871.91 2315.97 USD [+]
GDP per capita PPP 18884.02 18579.32 18884.02 10567.63 USD [+]
GDP From Agriculture 2834226.00 5288949.00 5288949.00 799601.00 TRY THO [+]
GDP From Construction 1936707.70 1942174.70 1942174.70 822819.00 TRY THO [+]
GDP From Manufacturing 8237850.10 7418822.40 8293619.60 3491758.90 TRY THO [+]
GDP From Mining 209735.10 247443.60 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 1002092.73 995268.73 1002092.73 561744.20 TRY THO [+]
GDP From Transport 4170811.00 4103520.00 4170811.00 1498463.00 TRY THO [+]
GDP From Utilities 713732.00 598620.00 713732.00 204058.00 TRY THO [+]




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Ghana 4.90 Dec/15
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Macedonia 3.90 Dec/15
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Egypt 3.80 Dec/15
Honduras 3.60 Dec/15
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Serbia 3.50 Mar/16
Lesotho 3.40 Dec/15
Nepal 3.40 Dec/15
Spain 3.40 Mar/16
Colombia 3.30 Dec/15
Costa Rica 3.30 Dec/15
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Slovenia 3.30 Dec/15
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Thailand 3.20 Mar/16
Czech Republic 3.10 Mar/16
Mongolia 3.10 Mar/16
Australia 3.00 Dec/15
Guyana 3.00 Dec/15
Luxembourg 3.00 Dec/15
Madagascar 3.00 Dec/15
Poland 3.00 Mar/16
Bulgaria 2.90 Mar/16
Georgia 2.90 Dec/15
Malawi 2.90 Dec/15
Maldives 2.90 Dec/15
Bahrain 2.80 Dec/15
Cyprus 2.70 Mar/16
South Korea 2.70 Mar/16
Sudan 2.70 Dec/14
El Salvador 2.60 Dec/15
Jordan 2.60 Dec/15
Mexico 2.60 Mar/16
Somalia 2.60 Dec/14
Sri Lanka 2.50 Dec/15
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Iraq 2.40 Dec/15
New Zealand 2.30 Dec/15
Lithuania 2.20 Mar/16
Albania 2.15 Dec/15
Afghanistan 2.10 Dec/15
Bosnia and Herzegovina 2.10 Dec/15
Chile 2.00 Mar/16
United Kingdom 2.00 Mar/16
United States 2.00 Mar/16
Armenia 1.90 Dec/16
Cayman Islands 1.90 Sep/15
Croatia 1.90 Dec/15
Latvia 1.80 Mar/16
Namibia 1.80 Dec/15
Singapore 1.80 Mar/16
Estonia 1.70 Mar/16
European Union 1.70 Mar/16
Haiti 1.70 Dec/15
Israel 1.70 Mar/16
Austria 1.60 Mar/16
Belgium 1.50 Mar/16
Euro Area 1.50 Mar/16
Montenegro 1.40 Dec/15
Netherlands 1.40 Mar/16
France 1.30 Mar/16
Germany 1.30 Mar/16
Bahamas 1.20 Dec/15
Paraguay 1.10 Dec/15
Finland 1.00 Mar/16
Italy 1.00 Mar/16
Lebanon 1.00 Dec/15
North Korea 1.00 Dec/14
Tunisia 1.00 Mar/16
Argentina 0.90 Dec/15
Hungary 0.90 Mar/16
Hong Kong 0.80 Mar/16
Portugal 0.80 Mar/16
Jamaica 0.70 Dec/15
Norway 0.70 Mar/16
Belize 0.60 Dec/15
Iran 0.60 Mar/15
South Africa 0.60 Dec/15
Canada 0.50 Dec/15
Denmark 0.50 Dec/15
Switzerland 0.40 Dec/15
Eritrea 0.30 Dec/15
Liberia 0.30 Dec/15
New Caledonia 0.30 Dec/14
Barbados 0.20 Dec/14
Suriname 0.20 Dec/15
Guinea 0.10 Dec/15
Ukraine 0.10 Mar/16
Japan 0.00 Mar/16
Uruguay -0.10 Dec/15
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