The Turkish economy grew by 0.9 percent year-on-year in the third quarter of 2019, rebounding from a revised 1.6 percent contraction in the previous three-month period and compared with market expectations of 1 percent growth. This was the first quarter of economic growth in a year, amid a rebound in household consumption and a faster rise in government spending. Meanwhile, fixed investment contracted at a softer rate and net external demand contributed negatively to the GDP as exports increased less than imports.
GDP Annual Growth Rate in Turkey averaged 4.54 percent from 1999 until 2019, reaching an all time high of 11.70 percent in the first quarter of 2011 and a record low of -14.40 percent in the first quarter of 2009. 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. source: Turkish Statistical Institute
GDP Annual Growth Rate in Turkey is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Turkey to stand at 3.80 in 12 months time. In the long-term, the Turkey GDP Annual Growth Rate is projected to trend around 4.20 percent in 2020, according to our econometric models.