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Turkey real GDPTurkey real GDPTurkey real GDP

Turkey real GDP

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Key data points


Last release
—
Observation period
Q2 2024
Next release
—
Forecast
—
Highest
‪604.78 B‬TRY on Dec 31, 2023
Lowest
‪148.68 B‬TRY on Mar 31, 1999

About Turkey real GDP


Category
GDP
Source
Statistical Institute
Frequency
Quarterly
Units
TRY

Related indicators


TRFYGDPG
Full Year GDP Growth
TRGDP
GDP
TRGDPA
GDP From Agriculture
TRGDPC
GDP From Construction
TRGDPMAN
GDP From Manufacturing
TRGDPMIN
GDP From Mining
TRGDPPA
GDP From Public Administration
TRGDPPC
GDP Per Capita
TRGDPPCP
GDP Per Capita PPP
TRGDPQQ
GDP Growth Rate
TRGDPS
GDP From Services
TRGDPT
GDP From Transport
TRGDPU
GDP From Utilities
TRGDPYY
GDP Growth
TRGFCF
Gross Fixed Capital Formation
TRGNP
Gross National Product

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Turkey real GDP was 543.8 B TRY, and the quarter before that it reached 517.564 B TRY.