Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
Turkey Records Robust Growth Rate in Q2 2018 
10.09.2018

The Turkish economy expanded by 5.2 percent year-on-year in the second quarter of 2018. Meanwhile, seasonally and calendar adjusted data shows that the economy expanded 0.9 percent from the first quarter to the second quarter of 2018, which indicates that the growth momentum has been sustained. Recent growth figures of 7.3 percent and 5.2 percent in the first and second quarters of 2018 respectively indicate a rebalancing in the Turkish economy. 

 

Out of the 5.2 percent headline growth, 3.8 ppt came from private consumption, 1.2 ppt from investment expenditures, 1 ppt from government consumption, and 0.9 ppt from net export, calculated as export minus import. On the other hand, stock changes deducted 1.7 ppt from growth. Notable contributions from investment spending and net exports show that the quality of growth has significantly improved.

 

Moreover, Turkey is one of the fastest growing economies in comparison to peer economies, as illustrated in the following chart.

24.09.2019 President Erdoğan Attends UN General Assembly Meetings in New York
22.09.2019 Turkey’s Largest Aerial Event Takes Place for Second Time
09.09.2019 US Delegation Visits Turkey
15.08.2019 Turkey Starts Tech-Driven Industry Initiative
08.08.2019 YOIKK Holds its Second Meeting in August
05.08.2019 Turkey Marks Completion of Istanbul-Izmir Highway and Bursa City Hospital
01.08.2019 DP World Yarimca Connects the Sea with the Silk Road
16.07.2019 The Turkish Nation Rallied in Ankara and İstanbul to Commemorate the 3rd Anniversary of July 15
10.07.2019 Turkey Unveils the 11th Development Plan
05.07.2019 NGN Group Opens Data Center in Istanbul
<<
1 2 3 4 5 6 7 8 9 10
>>