The Turkish economy expanded 2.7 percent on quarter in the three months to September 2021. source: Turkish Statistical Institute

GDP Growth Rate in Turkey averaged 1.14 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 December of 2021.

GDP Growth Rate in Turkey is expected to be 1.80 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
2021-09-01 07:00 AM Q2 0.9% 2.2% 3.6%
2021-11-30 07:00 AM Q3 2.7% 0.9% 0.2%
2022-03-01 07:00 AM Q4 2.7%

Related Last Previous Unit Reference
GDP Growth Rate 2.70 0.90 percent Sep/21
GDP Annual Growth Rate 7.40 21.70 percent Sep/21
GDP Constant Prices 537143397.20 468630943.60 TRY THO Sep/21
Gross Fixed Capital Formation 129692720.40 122255832.10 TRY THO Sep/21
GDP From Manufacturing 83646602.70 82263328.30 TRY THO Sep/21
GDP From Construction 29777364.10 28974417.10 TRY THO Sep/21
GDP From Agriculture 57978792.00 19261448.00 TRY THO Sep/21
GDP From Services 129515181.10 109370903.90 TRY THO Sep/21
GDP From Public Administration 51564057.21 49589248.43 TRY THO Sep/21
GDP From Utilities 587421.00 479733.00 TRY THO Jun/16
GDP From Transport 4095462.00 3875510.00 TRY THO Jun/16
GDP From Mining 213551.90 164785.90 TRY THO Jun/16
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.