Quarterly Gross Domestic Product, Quarter II: April-June, 2019 (In Turkey)
Gross domestic product increased by 15% and reached 1 trillion 24 billion 226 million TRY at current prices.
When the activities which constitute gross domestic product were analyzed; the total value added increased by 3.4% in the agricultural sector, decreased by 2.7% in the industry sector and 12.7% in the construction sector and 0.3% in the services sector (wholesale and retail trade, transport, storage, accommodation and food service activities) compared with the same quarter of the previous year in the chained linked volume index.
Calendar adjusted gross domestic product in the second quarter of 2019 decreased by 1.4% compared with the same quarter of the previous year. Seasonally and calendar adjusted gross domestic product increased by 1.2% compared with the previous quarter.
Households final consumption expenditure decreased by 1.1%
Final consumption expenditure of resident households and final consumption of non-profit institutions serving households (NPISH) decreased by 1.1%, government final consumption expenditure increased by 3.3% and gross fixed capital formation decreased by 22.8% in the second quarter of 2019 compared with the same quarter of the previous year in the chained linked volume index.
Exports of goods and services increased by 8.1%, imports decreased by 16.9%
Exports of goods and services increased by 8.1% in the second quarter of 2019 compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services decreased by 16.9%.
Compensation of employees increased by 21.1%
Compensation of employees increased by 21.1%, net operating surplus/mixed income increased by 9.9% in the second quarter of 2019 compared with the same quarter of the previous year.
The share of compensation of employees in Gross Value Added was 37.1%
The share of compensation of employees in the Gross Value Added at current prices was 37.1% in the second quarter of 2019 while it was 35.6% in the same quarter of the previous year. The share of net operating surplus/mixed income was 44.6% while it was 47.2% in the same quarter of the previous year.
The next release on this subject will be on December 2, 2019.
Source: TÜİK
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