Turkish GDP with chain-linked volume index up 2.5% YoY in Q2 2024

05 Sep '24

1 min read

Turkish GDP with chain-linked volume index up 2.5% YoY in Q2 2024

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Insights

Turkiye's GDP with chain-linked volume index rose by 5.1 per cent YoY last year and by 2.5 per cent YoY in Q2 2024.
Exports of goods and services rose by 0.04 per cent YoY in Q2 2024 in that index; such imports decreased by 5.7 per cent YoY.
In 2023, the manufacturing industry had the largest 19.5 per cent share of GDP, followed by wholesale and retail trade

Turkiye’s gross domestic product (GDP) with chain-linked volume index increased by 5.1 per cent year on year (YoY) last year and by 2.5 per cent YoY in the second quarter (Q2) this year, according to Turkish Statistical Institute (Turkstat).

GDP per capita was 311,109 TRY and $13,243 at current prices in 2023.

Seasonally- and calendar-adjusted GDP with chain-linked volume index increased by 0.1 per cent quarter on quarter (QoQ) and calendar-adjusted GDP increased by 2.8 per cent YoY in Q2 2024.

Exports of goods and services increased by 0.04 per cent YoY in Q2 2024 in the chained-linked volume index; such imports decreased by 5.7 per cent YoY.

In 2023, the Turkish manufacturing industry had the largest 19.5 per cent share of GDP, followed by wholesale and retail trade (13.9 per cent).

Exports of goods and services decreased by 2.8 per cent YoY, while such imports increased by 11.8 per cent YoY in 2023 in chain-linked volume index.

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