The Gross Domestic Product (GDP) in Turkey expanded 0.40 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Turkey averaged 1.08 percent from 1998 until 2019, reaching an all time high of 5.80 percent in the fourth quarter of 2016 and a record low of -5.20 percent in the second quarter of 2001. source: Turkish Statistical Institute

GDP Growth Rate in Turkey is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Turkey to stand at 0.90 in 12 months time. In the long-term, the Turkey GDP Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

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Turkey GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 1.00 5.80 -5.20 1998 - 2019 percent Quarterly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-03-11 07:00 AM Q4 -2.4% -1.6% -1.7%
2019-05-31 07:00 AM Q1 1.3% -2.4% -1.2%
2019-09-02 07:00 AM Q2 1.2% 1.6% -0.6%
2019-12-02 07:00 AM Q3 0.4% 1.0% 2.5%
2020-02-28 07:00 AM Q4 0.4% 0.6%


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.

Turkey GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 1.00 5.80 -5.20 percent [+]
GDP Annual Growth Rate 0.90 -1.60 11.70 -14.40 percent [+]
GDP 766.51 851.55 950.58 7.99 USD Billion [+]
GDP Constant Prices 466070131.90 426205505.40 466070131.90 148486309.20 TRY THO [+]
Gross Fixed Capital Formation 110095414.70 104793544.80 138491375.10 82266.40 TRY THO [+]
GDP per capita 15026.70 14870.70 15026.70 3134.80 USD [+]
GDP per capita PPP 25286.60 25024.00 25286.60 11289.90 USD [+]
GDP From Agriculture 57743283.00 17988076.00 57743283.00 6480266.00 TRY THO [+]
GDP From Construction 31270055.70 29397188.70 36146657.30 5582784.30 TRY THO [+]
GDP From Manufacturing 70808122.80 70955237.00 79601043.70 23491042.00 TRY THO [+]
GDP From Public Administration 46475880.64 46721876.50 46721876.50 21779242.77 TRY THO [+]
GDP From Services 106301989.30 99796384.70 107042725.30 35367503.20 TRY THO [+]