Gross Domestic Product (GDP) increased by 11.0% in 2021
Gross Domestic Product obtained by addition of four quarters with chain linked volume index (2009=100), increased by 11.0% in 2021 compared with the previous year.
Gross domestic product at current prices increased by 42.8% and reached 7 trillion 209 billion 40 million TRY in 2021 compared with the previous year.
Gross Domestic Product per capita was 85 672 TRY in 2021
The gross domestic product per capita was 85 672 TRY and 9 539 US Dollars at current prices in 2021.
Service activities increased by 21.1% in 2021
When the activities which constitute gross domestic product were analyzed; the value added increased by 21.1% in service activities, 20.3% in other service activities, 20.2% in the information and communication activities, 17.3% in professional, administrative and support, 16.6% in industry, 7.0% in public administration, education, human health and social work activities and 3.5% in real estate activities. Financial and insurance activities, agriculture sector and construction sector decreased by 9.0%, 2.2% and 0.9% respectively.
GDP increased by 9.1% in the fourth quarter of 2021
First estimation of GDP with chain linked volume index (2009=100) increased by 9.1% compared with the same quarter of previous year in the fourth quarter of 2021.
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 1.5% compared with the previous quarter
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 1.5% compared with previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) increased by 9.1% compared with the same quarter of the previous year in the fourth quarter of 2021.
GDP reached 2 trillion 313 billion 810 million TRY at current prices in the fourth quarter of 2021
Gross domestic product increased by 51.8% and reached 2 trillion 313 billion 810 million TRY at current prices. GDP realized 198 billion 968 million US Dollars in the fourth quarter of 2021.
Final consumption expenditures of households increased by 15.1% in 2021
Final consumption expenditure of resident households increased by 15.1% in 2021 compared to the previous year’s chain linked volume index. The share of household consumption expenditures in GDP was 55.1%.
Final consumption expenditures of households increased by 21.4% in the fourth quarter of 2021
Final consumption expenditures of households increased by 21.4%, government final consumption expenditure decreased by 1.9% and gross fixed capital formation decreased by 0.8% in the fourth quarter of 2021 compared with the same quarter of the previous year in the chained linked volume index.
Exports of goods and services increased by 24.9%, imports increased by 2.0% in 2021
Exports of goods and services increased by 24.9%, imports increased by 2.0% compared to the previous year’s chain-volume index in 2021. Exports of goods and services increased by 20.7% in the fourth quarter of 2021 compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services increased by 2.6%.
Compensation of employees increased by 31.4% in 2021
Compensation of employees increased by 31.4% while net operating surplus/mixed income increased by 53.2% in 2021. Compensation of employees and net operating surplus/mixed income are increased by 37.7% and 62.9% in the fourth quarter of 2021 compared with the same quarter of the previous year, respectively.
The share of compensation of employees in Gross Value Added was 30.2%
The share of compensation of employees in the Gross Value Added at current prices was 30.2% in 2021 while it was 33.1% in the previous year. The share of net operating surplus/mixed income was 52.6% while it was 49.3% in the previous year.
The next release on this subject will be on May 31, 2022.
Source: TÜİK Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
