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.