Name: Turkey Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

The Turkish economy expanded 11 percent in 2021, following a 1.8 percent advance in 2020. source: Turkish Statistical Institute

Full Year GDP Growth in Turkey averaged 4.83 percent from 2005 until 2020, reaching an all time high of 11.20 percent in 2011 and a record low of -4.80 percent in 2009. This page includes a chart with historical data for Turkey Full Year GDP Growth. Turkey Full Year GDP Growth - values, historical data and charts - was last updated on June of 2022.

Full Year GDP Growth in Turkey is expected to reach 1.50 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Full Year GDP Growth is projected to trend around 3.40 percent in 2023 and 4.50 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	1.20	1.50	percent	Mar 2022
GDP Annual Growth Rate	7.30	9.10	percent	Mar 2022
GDP	720.10	761.43	USD Billion	Dec 2020

Turkey Full Year GDP Growth

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.