The Gross Domestic Product (GDP) in Turkey expanded 0.30 percent in the first quarter of 2023 over the previous quarter. source: Turkish Statistical Institute

GDP Growth Rate in Turkey averaged 1.14 percent from 1998 until 2023, reaching an all time high of 15.60 percent in the third quarter of 2020 and a record low of -10.40 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 August of 2023.

GDP Growth Rate in Turkey is expected to be -0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey GDP Growth Rate is projected to trend around 0.70 percent in 2024 and 0.80 percent in 2025, according to our econometric models.

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Turkey GDP Growth Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-02-28 07:00 AM Q4 0.9% -0.1% -0.7%
2023-05-31 07:00 AM Q1 0.3% 0.9% -0.5%
2023-08-31 07:00 AM Q2 0.3% 0.2%


Related Last Previous Unit Reference
GDP Growth Rate 0.30 0.90 percent Mar 2023
GDP Annual Growth Rate 4.00 3.50 percent Mar 2023
GDP Constant Prices 488484159.70 582060613.60 TRY Thousand Mar 2023
Gross Fixed Capital Formation 124052436.70 142448896.90 TRY Thousand Mar 2023
Full Year GDP Growth 5.60 11.40 percent Dec 2022
GDP from Manufacturing 88757167.00 95526949.20 TRY Thousand Mar 2023
GDP from Construction 23796319.20 24233055.20 TRY Thousand Mar 2023
GDP from Agriculture 10778915.00 27423354.00 TRY Thousand Mar 2023
GDP from Services 127518611.20 150950494.80 TRY Thousand Mar 2023
GDP from Public Administration 54484876.36 56423281.25 TRY Thousand Mar 2023
GDP from Utilities 587421.00 479733.00 TRY Thousand Jun 2016
GDP from Transport 4095462.00 3875510.00 TRY Thousand Jun 2016
GDP from Mining 213551.90 164785.90 TRY Thousand Jun 2016

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.90 15.60 -10.40 1998 - 2023 percent Quarterly
SA