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.