The Turkish economy expanded at a record 15.6 percent on quarter in the three months to September of 2020, following a record 10.8 percent fall in the previous period, as the economy rebounds from the coronavirus pandemic hit. source: Turkish Statistical Institute

GDP Growth Rate in Turkey averaged 1.11 percent from 1998 until 2020, reaching an all time high of 15.60 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 December of 2020.

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 2.00 in 12 months time. In the long-term, the Turkey GDP Growth Rate is projected to trend around 1.50 percent in 2021 and 0.70 percent in 2022, according to our econometric models.

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Turkey GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.60 -10.80 15.60 -10.80 1998 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-28 07:00 AM Q4 1.9% 0.8% 1.5%
2020-05-29 07:00 AM Q1 0.6% 1.9% -1.2%
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 15.6%
2021-05-28 07:00 AM Q1
2021-08-31 07:00 AM Q2
2021-11-30 07:00 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


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.