Gross Domestic Product (GDP) increased by 3.2% in 2024
Gross Domestic Product obtained by addition of four quarters with chain linked volume index (2009=100), increased by 3.2% in 2024 compared with the previous year.
Gross domestic product at current prices increased by 63.5% and reached 43 trillion 410 billion 514 million TRY in 2024 compared with the previous year.
Gross Domestic Product per capita was 507 615 TRY in 2024
The gross domestic product per capita was 507 615 TRY and 15 463 US Dollars at current prices in 2024.
Construction sector increased 9.3% in 2024
When the activities which constitute gross domestic product were analyzed; the total value added increased by 9.3% in construction, 7.7% in taxes less subsidies on products, 4.9% in financial and insurance activities, 3.9% in agriculture, 3.4% in information and communication activities, 3.1% in services, 2.4% in real estate activities, 1.8% in public administration, education, human health and social work activities, 1.4% in professional, administrative and support service activities, 1.2% in other service activities and 0.5% in industry respectively.
GDP, Percentage change at A10(1) level by branches of economic activity, 2024
(1)A-Agriculture, forestry and fishing,BCDE-Industry,F-Construction,GHI-Services,J-Information and communication,K-Financial and insurance activities,L-Real estate activities,MN-Professional, administrative and support service activities,OPQ-Public administration, education, human health and social work activities,RST-Other service activities.
GDP increased by 3.0% in the fourth quarter of 2024
First estimation of GDP with chain linked volume index (2009=100) increased by 3.0% compared with the same quarter of the previous year in the fourth quarter of 2024.
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 1.7% compared with the previous quarter
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 1.7% compared with the previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) increased by 3.1% compared with the same quarter of the previous year in the fourth quarter of 2024.
GDP percentage rate, Quarter IV: October-December, 2024
GDP reached 12 trillion 704 billion 50 million TRY at current prices in the fourth quarter of 2024
Gross domestic product increased by 49.0% and reached 12 trillion 704 billion 50 million TRY at current prices. GDP realized 369 billion 368 million US Dollars in the fourth quarter of 2024.
GDP results, Quarter IV: October-December, 2024
(r) Figures were revised for the quarters.
Final consumption expenditures of households increased by 3.7% in 2024
Final consumption expenditure of resident households increased by 3.7% in 2024 compared to the previous year’s chain linked volume index. The share of household consumption expenditures at current prices in GDP was 59.2%.
Final consumption expenditures of households increased by 3.9% in the fourth quarter of 2024
Final consumption expenditures of resident households increased by 3.9%, government final consumption expenditure increased by 1.6% and gross fixed capital formation increased by 6.1% in the fourth quarter of 2024 compared with the same quarter of the previous year in the chained linked volume index.
Exports of goods and services increased by 0.9%, imports decreased by 4.1% in 2024
Exports of goods and services increased by 0.9%, imports decreased by 4.1% compared to the previous year’s chain-volume index in 2024. Exports of goods and services decreased by 2.0% in the fourth quarter of 2024 compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services increased by 1.6%.
Percentage change of GDP by expenditure approach, Quarter IV: October-December, 2024
Compensation of employees increased by 90.0% in 2024
Compensation of employees increased by 90.0% while net operating surplus/mixed income increased by 46.5% in 2024. Compensation of employees and net operating surplus/mixed income are increased by 75.4% and 35.9% in the fourth quarter of 2024 compared with the same quarter of the previous year, respectively.
The share of compensation of employees in Gross Value Added was 37.9% in 2024
The share of compensation of employees in the Gross Value Added at current prices was 37.9% in 2024 while it was 32.5% in the previous year. The share of net operating surplus/mixed income was 42.2% while it was 47.0% in the previous year.
Share of components of income approach in Gross Value Added, Quarter IV: October-December, 2024
