Quarterly Gross Domestic Product, Quarter IV: October-December, 2019 in Turkey
Gross Domestic Product (GDP) increased by 0.9% in 2019
Gross Domestic Product obtained by addition of four quarters with chain linked volume index (2009=100), increased by 0.9% in 2019 compared with the previous year.
Gross domestic product at current prices increased by 14.9% and reached 4 trillion 280 billion 381 million TRY in 2019 compared with the previous year.
Gross Domestic Product per capita was 51 834 TRY in 2019
The gross domestic product per capita was 51 834 TRY and 9 127 US Dollars at current prices in 2019.
Financial and insurance activities increased by 7.4% in 2019
When the activities which constitute gross domestic product were analyzed; the value added increased by 7.4% in the financial and insurance activities, 4.6% in public administration, education, human health and social work activities, 3.7% in other service activities and 3.3% agriculture sector. Construction sector and professional, administrative and support service activities decreased by 8.6% and 1.8%, respectively.
GDP increased by 6.0% in the fourth quarter of 2019
First estimation of GDP with chain linked volume index (2009=100) increased by 6.0% compared with the same quarter of previous year in the fourth quarter of 2019.
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 1.9% compared with previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) increased by 6.0% compared with the same quarter of the previous year in the fourth quarter of 2019.
GDP reached 1 trillion 189 billion 855 million TRY at current prices in the fourth quarter of 2019
Gross domestic product increased by 17.0% and reached 1 trillion 189 billion 855 million TRY at current prices. GDP realized 205 billion 692 million US Dollars in the fourth quarter of 2019.
Final consumption expenditures of households increased by 0.7% in 2019
Final consumption expenditure of resident households and NPISH increased by 0.7% in 2019 compared to the previous year’s chain linked volume index. The share of household consumption expenditures in GDP was 57.4%.
Households final consumption expenditure increased by 6.8% in the fourth quarter of 2019
Final consumption expenditure of resident households and NPISH increased by 6.8%, government final consumption expenditure increased by 2.7% and gross fixed capital formation decreased by 0.6% in the fourth 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 6.4%, imports decreased by 3.6% in 2019
Exports of goods and services increased by 6.4%, imports decreased 3.6% compared to the previous year’s chain-volume index in 2019. Exports of goods and services increased by 4.4% in the fourth quarter of 2019 compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services increased by 29.3%.
Compensation of employees increased by 19.9% in 2019
Compensation of employees increased by 19.9% while net operating surplus/mixed income increased by 11.5% in 2019. Compensation of employees and net operating surplus/mixed income are increased by 19.5% and 16.7% in the fourth quarter of 2019 compared with the same quarter of the previous year, respectively.
The share of compensation of employees in Gross Value Added was 35.1%
The share of compensation of employees in the Gross Value Added at current prices was 35.1% in 2019 while it was 33.8% in the previous year. The share of net operating surplus/mixed income was 47.0% while it was 48.7% in the same quarter of the previous year.
The next release on this subject will be on May 29, 2020.
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EXPLANATIONS
According to the revision policy, the estimations are revised when more comprehensive data are obtained. First three quarters of 2019 were revised in this press release. In addition to this, each year with the second quarter press release, independent annual gross domestic product press release which is based on balance sheet and income tax tables is also published. Provisional quarterly GDP figures are revised with independent annual gross domestic product press release.
More information about revision policy is given in the link below.
http://www.turkstat.gov.tr/indir/revizyon/2018_RBF_EN_UHD_DHG.pdf
Source: TurkStat
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