Quarterly Gross Domestic Product – Muhasebe News

Quarterly Gross Domestic Product, Quarter IV: October-December, 2021

MuhasebeNews — Mon, 28 Feb 2022 12:08:00 +0000

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.

Gross Domestic Product in Turkey decreased by 9.9% in the second quarter of 2020

MuhasebeNews — Mon, 31 Aug 2020 12:33:23 +0000

Quarterly Gross Domestic Product, Quarter II: April-June, 2020 in Turkey

A revision was made in the National Accounts system due to the revisions made in Foreign Trade Statistics (the transition from the Special Foreign Trade system to the General Foreign Trade system), International Trade in Services Statistics (ITSS) and Balance of Payments Statistics (BoP) released in 2020. Detailed methodological explanation on the subject is included in the release attachment.

Gross Domestic Product (GDP) decreased by 9.9% in the second quarter of 2020

First estimation of GDP with chain linked volume index (2009=100) decreased by 9.9% compared with the same quarter of the previous year in the second quarter of 2020.

Industry sector decreased by 16.5% in the second quarter of 2020

When the activities which constitute gross domestic product were analyzed; the value added increased by 4.0% in agriculture, 11.0% in information and communication, 27.8% in financial and insurance activities, 1.7% in real estate activities. 16.5% in industry, 2.7% in construction sector, 25.0% in services, 16.5% in professional, administrative and support service activities, 2.4% in public administration, education, human health and social work activities and 18.0% in other service activities decreased.

Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) decreased by 11.0% compared with previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) decreased by 10.0% compared with the same quarter of the previous year in the second quarter of 2020.

GDP reached 1 trillion 041 billion 643 million TRY at current prices in the second quarter of 2020

GDP increased by 1.3% and reached 1 trillion 041 billion 643 million TRY at current prices. GDP realized 153 billion 180 million US Dollars in the second quarter of 2020.

Government final consumption expenditure decreased by 0.8% in the second quarter of 2020

Government final consumption decreased by 0.8%, final consumption expenditure of resident households decreased by 8.6% and gross fixed capital formation decreased by 6.1% in the second quarter of 2020 compared with the same quarter of the previous year in the chained linked volume index.

Imports of goods and services decreased by 6.3%, exports decreased by 35.3%

Imports of goods and services decreased by 6.3% in the second quarter of 2020 compared with the same quarter of the previous year in the chained linked volume index, exports of goods and services decreased by 35.3%.

Compensation of employees increased by 0.5% in the second quarter of 2020

Compensation of employees are increased by 0.5% and net operating surplus/mixed income are decreased by 2.4% in the second quarter of 2020 compared with the same quarter of the previous year, respectively.

The share of compensation of employees in Gross Value Added was 36.8%

The share of compensation of employees in the Gross Value Added at current prices was 36.8% in the second quarter of 2020 while it was 36.7% in the previous year. The share of net operating surplus/mixed income was 43.9% while it was 45.0% in the same quarter of the previous year.

The next release on this subject will be on November 30, 2020.

EXPLANATIONS

For an explanation on the integration of the effect of the revision in the Balance of Payments Statistics caused by “Transition to the General Trade System in Foreign Trade Statistics” and the “International Service Trade Statistics”, into the National Accounts System, see Table 9 of the Press Release.

Short Term Work Allowance and Cash Wage Support payments; since the continuation of production creates a collective benefit as it supports employers in terms of payments made to production factors with the protection of the current workforce, are included in the accounts as social security payments to employees (D1) and other subsidies on production (D39).

Along with this press release,

1) The expenditure component given under one heading as “Final consumption expenditure of resident households and consumption of NPISH” in the GDP tables by the expenditure approach is given separately as “Consumption of resident households” and “Consumption of NPISH “,

2) The table of “Household final consumption by durability” has begun to include the expenditures of “resident” and “non-resident” households by durability in accordance with the methodology in order to ensure international comparability.

Since unadjusted data of GDP in current prices and Chain Linked GDP Volume Index were revised until 1998, “calendar adjusted”, “seasonal adjusted” and ” calendar and seasonal adjusted” data were also revised until 1998. Detailed explanations are included in the calendar and seasonal adjusted metadata document of GDP. With this press releases, the calendar effect regressors and methodology document used in the calculation process of calendar adjusted indicators published by TURKSTAT were shared with the public.

Source: TurkStat
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.

Quarterly Gross Domestic Product in Turkey increased by 0.9% in 2019

MuhasebeNews — Fri, 28 Feb 2020 08:25:57 +0000

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