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

The Turkish economy grew 11.1 percent year-on-year in the third quarter of 2017, accelerating sharply from an upwardly revised 5.4 percent expansion in the previous three-month period and beating market expectations of 10 percent. It was the strongest pace of expansion since the third quarter of 2011, boosted by household consumption, fixed investment, exports and government spending. GDP Annual Growth Rate in Turkey averaged 4.79 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Turkey Q3 GDP Growth Strongest in 6 Years


The Turkish economy grew 11.1 percent year-on-year in the third quarter of 2017, accelerating sharply from an upwardly revised 5.4 percent expansion in the previous three-month period and beating market expectations of 10 percent. It was the strongest pace of expansion since the third quarter of 2011, boosted by household consumption, fixed investment, exports and government spending.

On the expenditure side, household consumption jumped 11.7 percent after a 3.1 percent gain in Q2, and fixed investment rose sharply by 12.4 percent following an 8 percent advance in the previous period. Also, government spending went up 2.8 percent in the third quarter, recovering from a 2.1 percent contraction in the previous three-month period, and net external demand contributed positively as exports surged 17.2 percent (10.7 percent in Q2) and imports increased at a softer 14.5 percent (1.8 percent in Q2).
 
On the production side, output growth was supported by: services (20.7 percent from 5.9 percent in Q2); industrial production (14.8 percent from 7.2 percent), of which manufacturing (15.2 percent from 7 percent); construction (18.7 percent from 5.5 percent); public administration, education, human health and social work activities (5.1 percent from 3.2 percent); information and communication (15.5 percent from 10.1 percent); professional, administrative and support service activities (15.4 percent from 6.2 percent); and real estate activities (1.5 percent from 1.4 percent). Meanwhile, agriculture, forestry and fishing expanded at a slower rate (2.8 percent from 4.8 percent in Q2), while financial and insurance activities contracted (-5.8 percent from 9.4 percent).
 
On a seasonally adjusted quarterly basis, the economy expanded 1.2 percent in the three months to September, following an upwardly revised 2.2 percent growth in the previous period.

Turkish Statistical Institute l Chusnul Ch Manan | chusnul@tradingeconomics.com
12/11/2017 10:04:12 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-12 07:00 AM GDP Growth Rate YoY 5% 3.5% 4% 3.8%
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 11.1%
2018-06-12 07:00 AM GDP Growth Rate YoY
2018-09-11 07:00 AM GDP Growth Rate YoY


Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 2.20 5.60 -5.20 percent [+]
GDP Annual Growth Rate 11.10 5.40 11.70 -14.40 percent [+]
GDP 857.75 859.38 950.60 8.02 USD Billion [+]
GDP Constant Prices 448956426.80 410057068.40 448956426.80 148486309.20 TRY THO [+]
Gross National Product 31671243.40 30367559.60 35262640.50 14600600.20 TRY THO [+]
Gross Fixed Capital Formation 130559821.50 126527160.60 130559821.50 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 53890930.00 17044816.00 54287343.00 6480266.00 TRY THO [+]
GDP From Construction 36121898.80 33028963.10 36121898.80 5582784.30 TRY THO [+]
GDP From Manufacturing 67757878.70 70920099.60 73158236.20 23491042.00 TRY THO [+]
GDP From Mining 213551.90 164785.90 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 39774313.98 40312623.20 40470023.20 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

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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
11.10 5.40 11.70 -14.40 1999 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Sep/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
South Korea 3.80 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Sep/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17