Turkish Q4 GDP Growth Slows to 0.7%

Turkish GDP advanced 0.7 percent on the quarter in the three months to December of 2015, slowing from a downwardly revised 1.2 percent growth in the previous quarter. While fixed investment was the main driver of growth, private consumption expanded at a slower pace and public spending shrank.
Turkstat | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/31/2016 9:06:54 AM
Gross fixed capital formation advanced 2.8 percent, from a 5.1 percent contraction in the previous quarter. Household consumption grew 0.3 percent, easing from a 1.4 percent expansion in Q3 and government spending contracted 1.1 percent (+3 percent in Q3).

Exports shrank 1.2 percent after increasing 1.6 percent in the previous quarter while imports rose sharply by 6.5 percent (-4.6 percent in Q3).

Year-on-year, the economy expanded 5.7 percent, the fastest pace since the third quarter of 2011.

Considering full year, the GDP advanced 4 percent, accelerating from a 3 percent growth in 2014.

Turkish Q4 GDP Growth Slows to 0.7%



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