Turkish Economy Grew by 4,5 Percent

TÜİK published the 4th quarter report for the periodic Gross Domestic Product for the months of October-December.

Annual GDP, obtained as a sum of four periods according to the production method, as a chained volume index (2009 = 100), increased by 2023 percent in 4,5 compared to the previous year.

According to the production method, GDP at current prices increased by 2023% in 75,0 compared to the previous year and reached 26 trillion 276 billion 307 million TL.

Gross Domestic Product per capita will be 2023 thousand 307 TL in 952

GDP per capita was calculated as 2023 thousand 307 TL in 952 at current prices and 13 thousand 110 in US dollars.

Finance and insurance activities increased by 2023 percent in 9,0

When the activities that make up GDP are examined; As a chained volume index in 2023 compared to the previous year; finance and insurance activities total added value 9,0 percent, construction 7,8 percent, services 6,4 percent, other service activities 4,6 percent, public administration, education, human health and social service activities 3,8 percent, real estate activities 2,7 percent, information and communication activities increased by 1,3 percent, professional, administrative and support service activities increased by 1,2 percent and industry increased by 0,8 percent. The agricultural sector decreased by 0,2 percent.

GDP INCREASED BY 2023 PERCENT IN THE FOURTH QUARTER OF 4,0

GDP first estimate for the fourth quarter of 2023; As a chained volume index, it increased by 4,0 percent compared to the same quarter of the previous year.

Adjusted for seasonal and calendar effects, the GDP chained volume index increased by 1,0 percent compared to the previous quarter.

Household final consumption expenditures increased by .2023% in 8

Final consumption expenditures of resident households increased by .2023 in 8 compared to the chained volume index in the previous year. The share of household consumption expenditures in GDP was 59,1 percent.

Household final consumption expenditures increased by 2023 percent in the fourth quarter of 9,3

Final consumption expenditures of resident households increased by 2023 percent as a chained volume index in the fourth quarter of 9,3 compared to the same quarter of the previous year. State final consumption expenditures increased by 1,7 percent and gross fixed capital formation increased by 10,7 percent.

While exports of goods and services decreased by 2023% in 2,7, imports increased by 11,7%

According to the chained volume index of the previous year, exports of goods and services decreased by 2023 percent in 2,7, while imports increased by 11,7 percent. Exports of goods and services increased by 2023 percent and imports by 0,2 percent as a chained volume index in the fourth quarter of 2,7 compared to the same quarter of the previous year.

While labor payments will increase by 2023 percent in 116,0, the share of labor payments in Gross Value Added will be 2023 percent in 32,8