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

The Turkish economy advanced 5.1 percent year-on-year in the second quarter of 2017, easing slightly from an upwardly revised 5.2 percent expansion in the previous three months and below market expectations of 5.3 percent. Household consumption and exports slowed and public spending declined. The 2016 growth was revised up to 3.2 percent from 2.9 percent. GDP Annual Growth Rate in Turkey averaged 4.70 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 GDP Growth Below Expectations in Q2


The Turkish economy advanced 5.1 percent year-on-year in the second quarter of 2017, easing slightly from an upwardly revised 5.2 percent expansion in the previous three months and below market expectations of 5.3 percent. Household consumption and exports slowed and public spending declined. The 2016 growth was revised up to 3.2 percent from 2.9 percent.

Household spending  rose at a softer pace (3.2 percent compared to 3.6 percent in Q1) while government consumption fell (-4.3 percent compared to 9.7 percent in Q1). Exports increased 10.5 percent (10.9 percent in Q1) while imports went up 2.3 percent (0.7 percent in Q1). On the other hand, gross fixed capital formation jumped 9.5 percent (3 percent in Q1).

On the production side, a slowdown was reported for services (5.7 percent compared to 6.3 percent in Q1) and industry (6.3 percent compared to 6.7 percent in Q1) while agriculture (4.7 percent compared to 1.7 percent) and construction (6.8 percent compared to 6 percent in Q1) increased at a faster pace. 

On a quarterly basis, the economy expanded 2.1 percent, above a downwardly revised 1.3 percent in the previous period. 

Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
9/11/2017 7:28:52 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-03-31 07:00 AM GDP Growth Rate YoY 3.5% -1.3% 2.3% 1.3%
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%
2017-12-12 07:00 AM GDP Growth Rate YoY 5.1% 7.5%


Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.10 1.30 5.60 -5.20 percent [+]
GDP Annual Growth Rate 5.10 5.20 11.70 -14.40 percent [+]
GDP 857.75 859.38 950.60 8.02 USD Billion [+]
GDP Constant Prices 408702508.20 368414222.20 433036195.90 148486309.20 TRY THO [+]
Gross National Product 31671243.40 30367559.60 35262640.50 14600600.00 TRY THO [+]
Gross Fixed Capital Formation 128315023.80 105395154.30 130107096.80 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 17038723.00 9414643.00 54287343.00 6480266.00 TRY THO [+]
GDP From Construction 33434967.10 25428083.70 33434967.10 5582784.30 TRY THO [+]
GDP From Manufacturing 70229628.80 65181063.70 73158236.20 23491042.00 TRY THO [+]
GDP From Mining 213551.90 164785.90 255476.10 116491.40 TRY THO [+]
GDP From Public Administration 39798669.77 40454309.00 40454309.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.20 11.70 -14.40 1999 - 2017 percent Quarterly
NSA




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17