The Turkish gross domestic product advanced by 1.3 percent on quarter in the three months to March of 2019, rebounding from a 2.4 percent contraction in the last quarter of 2018. It was the first expansion in GDP growth since the first quarter of 2017. GDP Growth Rate in Turkey averaged 1.08 percent from 1998 until 2019, reaching an all time high of 5.60 percent in the first quarter of 2002 and a record low of -5.20 percent in the second quarter of 2001.
GDP Growth Rate in Turkey is expected to be 0.50 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 1.00 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.