Turkey GDP Annual Growth Rate  1999-2018 | Data | Chart | Calendar

The Turkish economy grew by 7.4 percent year-on-year in the first quarter of 2018, following a 7.3 percent expansion in the previous three-month period and beating market expectations of 7 percent. Household consumption and fixed investment rose at a faster pace while net trade contributed negatively to GDP growth, due to a jump in imports. GDP Annual Growth Rate in Turkey averaged 4.86 percent from 1999 until 2018, 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.

Turkey GDP Annual Growth Rate
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Turkish GDP Growth Exceeds Forecasts


The Turkish economy grew by 7.4 percent year-on-year in the first quarter of 2018, following a 7.3 percent expansion in the previous three-month period and beating market expectations of 7 percent.

On the expenditure side, household consumption jumped 11 percent in the first quarter, after a 6.6 percent rise in Q4; and fixed investment climbed 9.7 percent, following a 6 percent increase in the previous period. Meanwhile, government spending went up at a softer 3.4 percent (vs 7.4 percent in Q4), and net external demand contributed negatively to GDP growth, as imports surged 15.6 percent (vs 22.7 percent in Q4) and exports advanced at a much softer 0.5 percent (vs 9.3 percent in Q4).

On the production side, services output grew 10 percent (vs 9 percent in Q4), mainly boosted by: public administration, education, human health and social work activities (4.6 percent vs 7 percent); real estate activities (2.9 percent vs 2.2 percent); professional, administrative and support service activities (12.1 percent vs 10.7 percent); financial and insurance activities (4.8 percent vs 1.8 percent); and information and communication (5.8 percent vs 12 percent). Industrial production grew by 8.8 percent (vs 8.8 percent in Q4), driven by manufacturing (9.3 percent vs 8.2 percent), and construction output advanced by 6.9 percent (vs 5.8 percent). Also, agiculture expanded by 4.6 percent after a 6 percent increase in the previous period.

On a seasonally adjusted quarterly basis, the economy expanded by 2 percent in the first quarter, following a downwardly revised 1.7 percent growth in the previous period.


Turkish Statistical Institute | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/11/2018 7:29:32 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-11 07:00 AM GDP Growth Rate YoY 11.1% 5.4% 10.0% 8%
2018-03-29 07:00 AM GDP Growth Rate YoY 7.3% 11.3% 7% 10.4%
2018-06-11 07:00 AM GDP Growth Rate YoY 7.4% 7.3% 7% 7.5%
2018-09-10 07:00 AM GDP Growth Rate YoY 7.4% 7.9%
2018-12-10 07:00 AM GDP Growth Rate YoY 6.2%


Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.00 1.70 5.60 -5.20 percent [+]
GDP Annual Growth Rate 7.40 7.30 11.70 -14.40 percent [+]
GDP 851.10 863.72 950.58 8.02 USD Billion [+]
GDP Constant Prices 396065974.10 464491409.40 464491409.40 148486309.20 TRY THO [+]
Gross Fixed Capital Formation 115606032.10 137975535.90 137975535.90 82266.40 TRY THO [+]
GDP per capita 14933.27 14117.44 14933.27 3134.78 USD [+]
GDP per capita PPP 25129.34 23756.48 25129.34 11289.91 USD [+]
GDP From Agriculture 10223772.00 24860243.00 54287343.00 6480266.00 TRY THO [+]
GDP From Construction 26973649.40 33714615.10 36089711.60 5582784.30 TRY THO [+]
GDP From Manufacturing 71288895.70 79160617.00 79160617.00 23491042.00 TRY THO [+]
GDP From Public Administration 42061259.07 43248488.96 43248488.96 21779242.77 TRY THO [+]
Gdp From Services 91952312.50 106749235.70 106749235.70 35367503.20 TRY THO [+]


Turkey GDP Annual Growth Rate

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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.40 7.30 11.70 -14.40 1999 - 2018 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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