The Gross Domestic Product (GDP) in Turkey expanded 0.90 percent in the second quarter of 2021 over the previous quarter. source: Turkish Statistical Institute

GDP Growth Rate in Turkey averaged 1.12 percent from 1998 until 2021, reaching an all time high of 16.40 percent in the third quarter of 2020 and a record low of -10.80 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

GDP Growth Rate in Turkey is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey GDP Growth Rate is projected to trend around 0.70 percent in 2022 and 0.90 percent in 2023, according to our econometric models.

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Turkey GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 07:00 AM Q3 15.6% -10.8% 12.5%
2021-03-01 07:00 AM Q4 1.7% 15.9% 2.2%
2021-05-31 07:00 AM Q1 1.7% 1.7% 2.9%
2021-09-01 07:00 AM Q2 0.9% 2.2% 3.6%
2021-11-30 07:00 AM Q3 0.9% 2.4%


Turkey Last Unit Reference Previous Highest Lowest
GDP Growth Rate 0.90 percent Jun/21 2.20 16.40 -10.80
GDP Annual Growth Rate 21.70 percent Jun/21 7.20 21.70 -14.50
GDP Constant Prices 468630943.60 TRY THO Jun/21 435226824.80 512807131.90 148678773.40
Gross Fixed Capital Formation 122255832.10 TRY THO Jun/21 113344133.40 138393859.80 82266.40
GDP From Manufacturing 82263328.30 TRY THO Jun/21 79980716.60 86316744.00 23614487.20
GDP From Construction 28974417.10 TRY THO Jun/21 24430841.50 36208645.70 5611386.90
GDP From Agriculture 19261448.00 TRY THO Jun/21 12169155.00 61637660.00 6480266.00
GDP From Services 109370903.90 TRY THO Jun/21 97629251.00 119849137.30 35733008.50
GDP From Public Administration 49589248.43 TRY THO Jun/21 50354322.61 51322109.65 21711747.51
GDP From Utilities 587421.00 TRY THO Jun/16 479733.00 716688.00 204058.00
GDP From Transport 4095462.00 TRY THO Jun/16 3875510.00 4175844.00 1498463.00
GDP From Mining 213551.90 TRY THO Jun/16 164785.90 255476.10 116491.40


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.