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Turkey GDP Annual Growth Rate

Last Release
Mar 2020
Actual
4.5 %
Forecast
-8.9 %
Previous
6 %
Frequency
Quarterly
Units In
%
Next Release
Aug 31, 2020
Time to Release
1 Months 23 Days 21 Hours
Highest
Lowest
Average
Date Range
Source
11.7 %
Mar 2011
-14.4 %
Mar 2009
4.56 %1999 - 2020Turkish Statistical Institute
On the expenditure side, household consumption is the main component of Turkish 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.

Latest Updates

The Turkish economy grew by 0.9 percent year-on-year in the third quarter of 2019, rebounding from a revised 1.6 percent contraction in the previous three-month period and compared with market expectations of 1 percent growth. This was the first quarter of economic growth in a year, amid a rebound in household consumption and a faster rise in government spending.

Turkey GDP Annual Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 2, 201911:32Turkish Economy Expands for First Time in a Year
Sep 2, 201915:52Turkish GDP Contracts Less than Expected in Q2
May 31, 201907:58Turkish Economy Shrinks for 2nd Quarter by 2.6% YoY in Q1
DATETIMEEVENTActual
May 29, 202007:00GDP Growth Rate YoY4.5 %
Feb 28, 202007:00GDP Growth Rate YoY6 %
Sep 2, 201907:00GDP Growth Rate YoY-1.5 %
May 31, 201907:00GDP Growth Rate YoY-2.6 %

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Turkey gdp Indicators

All Turkey indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
754.41
Dec 2019
771.35
Dec 2018
7.99
Dec 1961
950.58
Dec 2013
USD BillionYearly1960 - 2019
GDP Annual Growth Rate
4.5
Mar 2020
6
Dec 2019
-14.4
Mar 2009
11.7
Mar 2011
%Quarterly1999 - 2020
GDP Constant Prices
404,437,684.1
Mar 2020
478,382,417.6
Dec 2019
148,486,309.2
Mar 1999
478,382,417.6
Dec 2019
TRY THOQuarterly1998 - 2020
GDP From Agriculture
11,115,755
Mar 2020
25,617,593
Dec 2019
6,480,266
Mar 2002
57,635,337
Sep 2019
TRY THOQuarterly1998 - 2020
GDP From Construction
24,290,595.4
Mar 2020
29,640,044.8
Dec 2019
5,582,784.3
Mar 2002
36,195,914.4
Sep 2017
TRY THOQuarterly1998 - 2020
GDP From Manufacturing
71,562,833
Mar 2020
78,256,696.7
Dec 2019
23,491,042
Dec 2001
79,790,742
Dec 2017
TRY THOQuarterly1998 - 2020

GDP Annual Growth Rate across Europe

GDP Annual Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Albania
-2.52
Mar 2020
-0.15
Dec 2019
-10.84
Dec 1997
13.5
Dec 1999
%Quarterly1996 - 2020
Armenia
7.6
Dec 2020
3.8
Mar 2020
-19.7
Sep 2009
19.1
Jun 2006
%Quarterly1998 - 2020
Austria
-2.9
Mar 2020
1
Dec 2019
-5.9
Jun 2009
5.6
Mar 2011
%Quarterly1997 - 2020
Belarus
1.4
Sep 2020
-0.3
Mar 2020
-4.4
Dec 2015
11.05
Jun 2011
%Quarterly2011 - 2020
Belgium
-2.5
Mar 2020
1.3
Dec 2019
-3.6
Jun 2009
19.4
Mar 1995
%Quarterly1981 - 2020
Bosnia and Herzegovina
2
Mar 2020
1.6
Dec 2019
-6.7
Sep 2010
6.4
Sep 2011
%Quarterly2004 - 2020

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