The Turkish economy contracted 0.1% on quarter in the third quarter of 2022, the first decline since the second quarter of 2020 at the height of the global pandemic, and following a downwardly revised 1.9% increase in the previous period. source: Turkish Statistical Institute

GDP Growth Rate in Turkey averaged 1.15 percent from 1998 until 2022, reaching an all time high of 15.60 percent in the third quarter of 2020 and a record low of -10.40 percent in the second quarter of 2020. This page provides the latest reported value for - Turkey GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

GDP Growth Rate in Turkey is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey GDP Growth Rate is projected to trend around 0.90 percent in 2023 and 0.70 percent in 2024, according to our econometric models.

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Turkey GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-08-31 07:00 AM Q2 2.1% 1.2% 0.8%
2022-11-30 07:00 AM Q3 -0.1% 1.9% -1.6%

Related Last Previous Unit Reference
GDP Growth Rate -0.10 1.90 percent Sep 2022
GDP Annual Growth Rate 3.90 7.70 percent Sep 2022
GDP Constant Prices 561000276.10 507223844.30 TRY THO Sep 2022
Gross Fixed Capital Formation 129612132.40 129288560.80 TRY THO Sep 2022
Full Year GDP Growth 11.40 1.80 percent Dec 2021
GDP from Manufacturing 86192161.80 90496213.50 TRY THO Sep 2022
GDP from Construction 26179838.30 26467580.10 TRY THO Sep 2022
GDP from Agriculture 58043443.00 18309978.00 TRY THO Sep 2022
GDP from Public Administration 55915045.02 50904857.06 TRY THO Sep 2022
GDP from Services 130198322.10 112207821.40 TRY THO Jun 2022
GDP from Utilities 587421.00 479733.00 TRY THO Jun 2016
GDP from Transport 4095462.00 3875510.00 TRY THO Jun 2016
GDP from Mining 213551.90 164785.90 TRY THO Jun 2016

Turkey GDP Growth Rate
Turkey is classified as an emerging market economy. The country is one of the world's biggest producers of agricultural products; textiles; motor vehicles, ships and other transportation equipment; construction materials; consumer electronics and home appliances.
Actual Previous Highest Lowest Dates Unit Frequency
-0.10 1.90 15.60 -10.40 1998 - 2022 percent Quarterly