The Gross Domestic Product (GDP) in Turkey expanded 1.70 percent on quarter in the first three months of 2021, the same as in the previous period. source: Turkish Statistical Institute

GDP Growth Rate in Turkey averaged 1.13 percent from 1998 until 2021, reaching an all time high of 15.90 percent in the third quarter of 2020 and a record low of -11 percent in the second quarter of 2020. This page provides the latest reported value for - Turkey GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

GDP Growth Rate in Turkey is expected to be 3.60 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 1.40 in 12 months time. In the long-term, the Turkey GDP Growth Rate is projected to trend around 0.70 percent in 2022 and 0.90 percent in 2023, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Turkey GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.70 15.90 -11.00 1998 - 2021 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 07:00 AM Q2 -11% -0.1% -8.2%
2020-11-30 07:00 AM Q3 15.6% -10.8% 12.5%
2021-03-01 07:00 AM Q4 1.7% 15.9% 2.2%
2021-05-31 07:00 AM Q1 1.7% 1.7% 2.9%
2021-09-01 07:00 AM Q2 1.7% 3.6%
2021-11-30 07:00 AM Q3 2%

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.