Turkey GDP Annual Growth Rate  1999-2017 | Data | Chart | Calendar

The Turkish GDP advanced 5 percent year-on-year in the first quarter of 2017, following 3.5 percent growth in the previous period and beating market expectations of a 4 percent rise. The expansion was driven by higher government spending, investment and exports. On a quarterly basis, the economy grew 1.4 percent. GDP Annual Growth Rate in Turkey averaged 4.68 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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Calendar GMT Actual Previous Consensus Forecast (i)
2016-12-12 07:00 AM Q3 -1.8% 4.5% -0.5% -0.6%
2017-03-31 07:00 AM Q4 3.5% -1.3% 2.3% 1.3%
2017-06-12 07:00 AM Q1 5% 3.5% 4% 3.8%
2017-09-08 07:00 AM Q2 5% 5.5%
2017-12-12 07:00 AM Q3 5.9%




Turkish Economy Expands 5% in Q1


The Turkish GDP advanced 5 percent year-on-year in the first quarter of 2017, following 3.5 percent growth in the previous period and beating market expectations of a 4 percent rise. The expansion was driven by higher government spending, investment and exports. On a quarterly basis, the economy grew 1.4 percent.

Public expenditure surged 9.4 percent, compared to 0.8 percent rise in the previous period and investment advanced 2.2 percent, accelerating from 2 percent increase. Meanwhile, household spending rose at a slower 5.1 percent  (5.7 percent in Q4 of 2016). Exports jumped 10.6 percent, following 2.3 percent increase and imports rose at a slower 0.8 percent, compared 3.3 percent growth. 

On the production side, growth was led by services (5.2 percent compared to 1.8 percent in Q4 of 2016), industry (5.3 percent compared to 5 percent) and agriculture (3.2 percent compared to 1.3 percent) while construction rose at the same pace (3.7 percent).

Turkstat | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/12/2017 7:34:56 AM



Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 3.80 5.60 -5.40 percent [+]
GDP Annual Growth Rate 5.00 3.50 11.70 -14.40 percent [+]
GDP 717.88 798.78 823.26 8.02 USD Billion [+]
GDP Constant Prices 366056768.60 429459491.40 429459491.40 148486309.20 TRY THO [+]
Gross National Product 31671243.40 30367559.60 35262640.50 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 104670719.90 131057114.70 131057114.70 82266.40 TRY THO [+]
GDP per capita 11522.71 11245.78 11522.71 2996.48 USD [+]
GDP per capita PPP 19460.48 18992.78 19460.48 10849.05 USD [+]
GDP From Agriculture 9383813.00 23588634.00 54488486.00 6480266.00 TRY THO [+]
GDP From Construction 25614200.70 31943917.50 32188542.30 5582784.30 TRY THO [+]
GDP From Manufacturing 64532830.10 72255653.00 72255653.00 23491042.00 TRY THO [+]
GDP From Mining 213551.90 164785.90 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 40565802.07 40136140.33 40565802.07 21779242.77 TRY THO [+]
GDP From Transport 4095462.00 3875510.00 4175844.00 1498463.00 TRY THO [+]
GDP From Utilities 587421.00 479733.00 716688.00 204058.00 TRY THO [+]


Turkey GDP Annual Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.00 3.50 11.70 -14.40 1999 - 2017 percent Quarterly
NSA



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17