The Turkish gross domestic product advanced by 1.3 percent on quarter in the three months to March of 2019, rebounding from a 2.4 percent contraction in the last quarter of 2018. It was the first expansion in GDP growth since the first quarter of 2017. GDP Growth Rate in Turkey averaged 1.08 percent from 1998 until 2019, reaching an all time high of 5.60 percent in the first quarter of 2002 and a record low of -5.20 percent in the second quarter of 2001.

GDP Growth Rate in Turkey is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Turkey to stand at 0.70 in 12 months time. In the long-term, the Turkey GDP Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

Turkey GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-10 07:00 AM GDP Growth Rate QoQ 0.9% 1.5% 0.5%
2018-12-10 07:00 AM GDP Growth Rate QoQ -1.1% 0.6% -1.6%
2019-03-11 07:00 AM GDP Growth Rate QoQ -2.4% -1.6% -1.7%
2019-05-31 07:00 AM GDP Growth Rate QoQ 1.3% -2.4% -1.2%
2019-09-02 07:00 AM GDP Growth Rate QoQ 1.3% 0.5%
2019-12-02 07:00 AM GDP Growth Rate QoQ 0.5%


Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 -2.40 5.60 -5.20 percent [+]
GDP Annual Growth Rate -2.60 -3.00 11.70 -14.40 percent [+]
GDP 851.10 863.72 950.58 8.02 USD Billion [+]
GDP Constant Prices 385221092.90 450961520.00 464822255.50 148486309.20 TRY THO [+]
Gross Fixed Capital Formation 100644723.30 120801435.60 138694476.00 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 10691613.00 24788022.00 54843545.90 6480266.00 TRY THO [+]
GDP From Construction 24255743.30 30976895.40 36146657.30 5582784.30 TRY THO [+]
GDP From Manufacturing 67156607.40 73726975.30 79601043.70 23491042.00 TRY THO [+]
GDP From Public Administration 45952228.61 45002063.81 45952228.61 21779242.77 TRY THO [+]
GDP From Services 88537213.20 106768068.30 107042725.30 35367503.20 TRY THO [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 -2.40 5.60 -5.20 1998 - 2019 percent Quarterly
SA




Country Last Previous
Singapore 3.80 Mar/19
United States 3.10 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19


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