Turkey Real GDP Growth
Key information about Turkey Real GDP Growth
- The Gross Domestic Product (GDP) in Turkey expanded 3.5 % YoY in Dec 2022, following a growth of 4.0 % in the previous quarter.
- Real GDP Growth YoY data in Turkey is updated quarterly, available from Mar 1999 to Dec 2022, with an average rate of 6.1 %.
- The data reached an all-time high of 22.2 % in Jun 2021 and a record low of -14.5 % in Mar 2009.
Related information about Turkey Real GDP Growth
- In the latest reports, Nominal GDP of Turkey reached 257.9 USD bn in Dec 2022.
- Its GDP deflator (implicit price deflator) increased 99.1 % in Dec 2022.
- GDP Per Capita in Turkey reached 10,655.5 USD in Dec 2022.
- Its Gross Savings Rate was measured at 29.2 % in Dec 2022.
- For Nominal GDP contributions, Investment accounted for 33.2 % in Dec 2022.
- Public Consumption accounted for 12.8 % in Dec 2022.
- Private Consumption accounted for 58.0 % in Dec 2022.
View Turkey's Real GDP Growth from Mar 1999 to Dec 2022 in the chart:
What was Turkey's Real GDP Growth in Dec 2022?
The Gross Domestic Product (GDP) in Turkey expanded 3.5 % YoY in Dec 2022, following a growth of 4.0 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
3.5 Dec 2022 | 4.0 Sep 2022 | -14.5 Mar 2009 | 22.2 Jun 2021 | % | quarterly | Mar 1999 - Dec 2022 |
Real GDP Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Algeria (%) | 3.0 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
Azerbaijan (%) | 1.8 Sep 2023 | quarterly | Mar 2001 - Sep 2023 |
Bahrain (%) | 2.5 Sep 2023 | quarterly | Mar 2009 - Sep 2023 |
Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Ghana (%) | 0.5 Sep 2023 | quarterly | Jun 2006 - Sep 2023 |
Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Kosovo (%) | 3.0 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
Kuwait (%) | 0.3 Sep 2023 | quarterly | Jun 2010 - Sep 2023 |
Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Lebanon (%) | -25.9 2020 | yearly | 2005 - 2020 |
Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malta (%) | 4.3 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Montenegro (%) | 6.6 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 3.5 2022 | yearly | 2011 - 2022 |
Nepal (%) | -0.7 Dec 2022 | quarterly | Dec 2004 - Dec 2022 |
Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
Palestinian Territory (%) | 1.1 Sep 2023 | quarterly | Jun 2000 - Sep 2023 |
Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | 1.0 Jun 2023 | quarterly | Mar 2012 - Jun 2023 |
Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Slovenia (%) | 1.6 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.3 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -6,138.900 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Tax Revenue (USD mn) | 17,224.697 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Tax Revenue: % of GDP (%) | 18.0 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
Government Debt: % of GDP (%) | 30.5 Sep 2023 | quarterly | Dec 2001 - Sep 2023 |
Forecast: Government Expenditure (TRY bn) | 62,930.420 2028 | yearly | 2000 - 2028 |
Forecast: Government Net Debt (TRY bn) | 60,762.080 2028 | yearly | 2000 - 2028 |
Forecast: Government Revenue (TRY bn) | 56,428.620 2028 | yearly | 2000 - 2028 |
General Budget: Revenue (TRY mn) | 621,736.130 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: Expenditure (TRY mn) | 828,571.320 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: Cash Balance (TRY mn) | -206,835.190 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: ytd: Revenue (TRY th) | 608,284,871.421 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Expenditure (EX) (TRY th) | 792,615,929.422 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 15,799,069.582 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 346,732,972.724 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Revenue: Tax (TRY th) | 517,201,252.022 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Revenue: Tax: Direct (TRY th) | 136,802,612.677 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Balance (TRY th) | -184,331,058.001 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 7.230 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -8,483.7 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
Total Exports Growth (%) | 0.9 May 2023 | monthly | Jan 2014 - May 2023 |
Aluminum: Exports (USD th) | 5,241,090.145 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 1,290,644.710 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 651,764.672 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
Total Imports Growth (%) | 6.5 May 2023 | monthly | Jan 2014 - May 2023 |
Imports: Medicament (USD th) | 2,306,593.258 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 2,692,489.997 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 1,223.646 Jan 2024 | monthly | Apr 1964 - Jan 2024 |
Total Imports from USA (USD mn) | 1,401.861 Jan 2024 | monthly | Apr 1964 - Jan 2024 |
Total Exports to China (USD mn) | 277.500 Jan 2024 | monthly | Jan 2013 - Jan 2024 |
Total Imports from China (USD mn) | 2,893.078 Jan 2024 | monthly | Sep 1992 - Jan 2024 |
Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.6 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Household Debt: % of GDP (%) | 11.7 Sep 2023 | quarterly | Dec 2014 - Sep 2023 |
Non-Performing Loans (USD mn) | 6,458.355 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Money Supply M1 (USD mn) | 160,312.087 Jan 2024 | monthly | Dec 1963 - Jan 2024 |
Money Supply M2 (USD mn) | 464,425.044 Dec 2023 | monthly | Dec 1976 - Dec 2023 |
M2 Growth (%) | 66.5 Dec 2023 | monthly | Dec 1977 - Dec 2023 |
Reserve Requirement Ratio (%) | 8.0 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Foreign Exchange Reserves (USD mn) | 78,002.0 Jan 2024 | monthly | Apr 2000 - Jan 2024 |
Foreign Exchange Reserves: % of GDP (%) | 7.776 Dec 2023 | quarterly | Jun 2000 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 3.0 Jan 2024 | monthly | Apr 2000 - Jan 2024 |
Gold Reserves (USD mn) | 48,164.000 Dec 2023 | monthly | Dec 1956 - Dec 2023 |
Total Deposits (USD mn) | 489,172.349 Nov 2023 | monthly | Dec 2002 - Nov 2023 |
Total Deposits Growth (%) | 63.4 Jan 2024 | monthly | Dec 2003 - Jan 2024 |
Domestic Credit (USD mn) | 508,682.5 Dec 2023 | monthly | Jan 1986 - Dec 2023 |
Domestic Credit Growth (%) | 55.9 Dec 2023 | monthly | Jan 1987 - Dec 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 23.000 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
Credit to Households (USD bn) | 93.089 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 512.544 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
Household Debt (USD mn) | 88,562.3 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
Total Loans (USD mn) | 320,675.682 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
Total Loans Growth (%) | 52.93 Dec 2023 | monthly | Jan 1987 - Dec 2023 |
Private Debt: % of Nominal GDP (%) | 33.94 Dec 2023 | quarterly | Dec 1998 - Dec 2023 |
Money Supply: M3 (TRY th) | 14,179,075,897.000 Jan 2024 | monthly | Dec 2005 - Jan 2024 |
Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.599 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -0.4 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
Composite Leading Indicator Index: Trend Restored (NA) | 278.650 Dec 2023 | monthly | Dec 1987 - Dec 2023 |
Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 102.000 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 118.634 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 91.849 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 114.479 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
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