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

The Turkish economy grew by 7.3 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 11.3 percent expansion in the previous three-month period and beating market expectations of 7 percent. Household consumption and fixed investment rose at a softer pace and net trade contributed negatively, due to a jump in imports, while government spending picked up. On a seasonally adjusted quarterly basis, the economy expanded by 1.8 percent in the three months to December, following an upwardly revised 1.3 percent growth in the previous period. In 2017, the GDP rose by 7.4 percent, compared with 3.2 percent in 2016. GDP Annual Growth Rate in Turkey averaged 4.83 percent from 1999 until 2017, 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 Economy Grows 7.3% in Q4


The Turkish economy grew by 7.3 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 11.3 percent expansion in the previous three-month period and beating market expectations of 7 percent.

On the expenditure side, household consumption rose 6.6 percent, after a 11 percent jump in Q3, and fixed investment increased 6 percent, easing from a 13.2 percent climb in the previous period. Also, net external demand contributed negatively to GDP growth, as imports surged 22.7 percent (vs 15 percent in Q3) and exports advanced at a softer 9.3 percent (vs 17.9 percent in Q3). Meanwhile, government spending growth picked up to 7.4 percent from 6.7 percent in the previous three-month period.

On the production side, services output grew 9 percent (vs 21.4 percent in Q3), mainly boosted by: public administration, education, human health and social work activities (7 percent vs 3.5 percent); real estate activities (2.2 percent vs 2.8 percent); professional, administrative and support service activities (10.7 percent vs 15.8 percent); and financial and insurance activities (1.8 percent vs -5.8 percent). Industrial production grew by 8.8 percent (vs 14.9 percent in Q3), driven by manufacturing (8.2 percent vs 15.4 percent), and construction output advanced by 5.8 percent (vs 18.6 percent). Also, agiculture expanded by 6 percent after a 3.3 percent increase in the previous period.

On a seasonally adjusted quarterly basis, the economy expanded by 1.8 percent in the fourth quarter, following an upwardly revised 1.3 percent growth in the previous period.

In 2017, the GDP rose by 7.4 percent, compared with 3.2 percent in 2016.


Turkish Statistical Institute l Joana Ferreira |
3/29/2018 12:48:41 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-11 07:00 AM GDP Growth Rate YoY 5.1% 5.2% 5.3% 5.5%
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 7.3% 7.5%
2018-09-10 07:00 AM GDP Growth Rate YoY 7.9%
2018-12-10 07:00 AM GDP Growth Rate YoY 6.2%


Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.80 1.30 5.60 -5.20 percent [+]
GDP Annual Growth Rate 7.30 11.30 11.70 -14.40 percent [+]
GDP 857.75 859.38 950.60 8.02 USD Billion [+]
GDP Constant Prices 464491409.40 449876069.70 464491409.40 148486309.20 TRY THO [+]
Gross Fixed Capital Formation 137975535.90 131471939.20 137975535.90 82266.40 TRY THO [+]
GDP per capita 14071.17 13894.60 14071.17 3134.68 USD [+]
GDP per capita PPP 23679.40 23382.25 23679.40 11289.91 USD [+]
GDP From Agriculture 24860243.00 54151532.00 54287343.00 6480266.00 TRY THO [+]
GDP From Construction 33714615.10 36089711.60 36089711.60 5582784.30 TRY THO [+]
GDP From Manufacturing 79160617.00 67874077.30 79160617.00 23491042.00 TRY THO [+]
GDP From Public Administration 43248488.96 39179650.69 43248488.96 21779242.77 TRY THO [+]
Gdp From Services 106749235.70 100259039.30 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.30 11.30 11.70 -14.40 1999 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.19 Dec/17
Canada 2.90 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.70 Dec/17
Australia 2.40 Dec/17
Brazil 2.10 Dec/17
France 2.10 Mar/18
Japan 2.00 Dec/17
Switzerland 1.90 Dec/17
Italy 1.60 Dec/17
Mexico 1.20 Mar/18
United Kingdom 1.20 Mar/18
Russia 0.90 Dec/17


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