The GDP in Turkey contracted by 0.2% quarter-on-quarter in the third quarter of 2024, matching the revised 0.2% decline recorded in Q2. This marks the first time since 2018 that the economy has shrunk for two consecutive quarters. source: Turkish Statistical Institute
The Gross Domestic Product (GDP) in Turkey contracted 0.20 percent in the third quarter of 2024 over the previous quarter. GDP Growth Rate in Turkey averaged 1.14 percent from 1998 until 2024, reaching an all time high of 16.40 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 January of 2025.
The Gross Domestic Product (GDP) in Turkey contracted 0.20 percent in the third quarter of 2024 over the previous quarter. GDP Growth Rate in Turkey is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.