Quarterly Gross Domestic Product, Quarter I: January-March, 2018 (In Turkey)
Gross Domestic Product (GDP) increased by 7.4% in the chain linked volume index
Gross domestic product increased by 7.4% compared with the same quarter of the previous year in the first quarter of 2018.
Gross domestic product with production method was increased by 21.9% and reached 792 billion 691 million TRY at current prices.
When the activities which constitute gross domestic product were analyzed; the total value added increased by; 4.6% in the agricultural sector, 8.8% in the industry sector, 6.9% in the construction sector, 10% 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 first quarter of 2018 increased by 7.2% compared with the same quarter of the previous year. Seasonally and calendar adjusted gross domestic product increased by 2% compared with the previous quarter.
Household final consumption expenditure increased by 11%
Final consumption expenditure of resident households and final consumption of NPISH increased by 11%, government final consumption expenditure increased by 3.4% and gross fixed capital formation increased by 9.7% in the first quarter of 2018 compared with the same quarter of the previous year in the chained linked volume index.
Exports of goods and services increased by 0.5%, imports increased by 15.6%
Exports of goods and services increased by 0.5%, imports of goods and services increased by 15.6% in the first quarter of 2018 compared with the same quarter of the previous year in the chained linked volume index.
Compensation of employees increased by 18.7%
Compensation of employees increased by 18.7% while net operating surplus/mixed income increased by 22.8% in the first quarter of 2018 compared with the same quarter of the previous year.
The share of compensation of employees in gross value added was 37.8%
The share of compensation of employees in the gross value added was 37.8% in the first quarter of 2018 while it was 38.8% in the same quarter of the previous year. The share of net operating surplus/mixed income was 44.4% while it was 44.1% in the same quarter of the previous year.
The next release on this subject will be on September 10, 2018.
Source: TSI
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