Gross Domestic Product (GDP) increased by 4.5% in 2023
Gross Domestic Product obtained by addition of four quarters with chain linked volume index (2009=100), increased by 4.5% in 2023 compared with the previous year.
Gross domestic product at current prices increased by 75.0% and reached 26 trillion 276 billion 307 million TRY in 2023 compared with the previous year.
Gross Domestic Product per capita was 307 952 TRY in 2023
The gross domestic product per capita was 307 952 TRY and 13 110 US Dollars at current prices in 2023.
Financial and insurance activities increased 9.0% in 2023
When the activities which constitute gross domestic product were analyzed; the total value added increased by 9.0% in financial and insurance activities, 7.8% in construction, 6.4% in services, 4.6% in other service activities, 3.8% in public administration, education, human health and social work activities, 2.7% in real estate activities, 1.3% in information and communication activities, 1.2% in professional, administrative and support service activities and 0.8% in industry respectively. Agriculture sector decreased by 0.2%.
GDP, Percentage change at A10(1) level by branches of economic activity, 2023
GDP increased by 4.0% in the fourth quarter of 2023
First estimation of GDP with chain linked volume index (2009=100) increased by 4.0% compared with the same quarter of previous year in the fourth quarter of 2023.
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 1.0% compared with the previous quarter
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 1.0% compared with previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) increased by 4.0% compared with the same quarter of the previous year in the fourth quarter of 2023.
GDP percentage rate, Quarter IV: October-December, 2023
GDP reached 8 trillion 431 billion 375 million TRY at current prices in the fourth quarter of 2023
Gross domestic product increased by 75.9% and reached 8 trillion 431 billion 375 million TRY at current prices. GDP realized 304 billion 402 million US Dollars in the fourth quarter of 2023.
GDP results, Quarter IV: October-December, 2023
Final consumption expenditures of households increased by 12.8% in 2023
Final consumption expenditure of resident households increased by 12.8% in 2023 compared to the previous year’s chain linked volume index. The share of household consumption expenditures in GDP was 59.1%.
Final consumption expenditures of households increased by 9.3% in the fourth quarter of 2023
Final consumption expenditures of resident households increased by 9.3%, government final consumption expenditure increased by 1.7% and gross fixed capital formation increased by 10.7% in the fourth quarter of 2023 compared with the same quarter of the previous year in the chained linked volume index.
Exports of goods and services decreased by 2.7%, imports increased by 11.7% in 2023
Exports of goods and services decreased by 2.7%, imports increased by 11.7% compared to the previous year’s chain-volume index in 2023. Exports of goods and services increased by 0.2% in the fourth quarter of 2023 compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services increased by 2.7%.
Percentage change of GDP by expenditure approach, Quarter IV: October-December, 2023
Compensation of employees increased by 116.0% in 2023
Compensation of employees increased by 116.0% while net operating surplus/mixed income increased by 49.2% in 2023. Compensation of employees and net operating surplus/mixed income are increased by 107.6% and 55.0% in the fourth quarter of 2023 compared with the same quarter of the previous year, respectively.
The share of compensation of employees in Gross Value Added was 32.8% in 2023
The share of compensation of employees in the Gross Value Added at current prices was 32.8% in 2023 while it was 26.3% in the previous year. The share of net operating surplus/mixed income was 46.3% while it was 53.7% in the previous year.
Share of components of income approach in Gross Value Added, Quarter IV: October-December, 2023
Source: TÜİK
