Turkey Q2 2007 GDP

Data for Q2 2007 Turkish GDP were released today by Turkstat.

The second quarter growth rate of gross national product in 2007 compared to the same quarter of previous year has increased 3.9% in constant prices. The second quarter growth rate of gross national product in 2007 has increased by 10.5% to 148 110 million New Turkish Liras in current prices when gross national product has increased by 19.4% to 110 264 million USA dollar.The second quarter growth rate of gross national product in 2007 has increased by 3.9% to 38.9 million New Turkish Liras in constant prices.

Perhaps the most interesting details are the following ones: Q2 growth in private final consumption was negative - -0.3% - government final consumption expenditure grew at 7.4%, gross fixed capital formation at 10.0%, exports of goods and services 12.7 %, and imports of goods and services 8.4%, all of these as measured in constant prices. Here's an updated quarterly GDP chart:



And here are the tables giving the detailed breakdown, as supplied by Turkstat.

I.a. Gross national product results by production approach

		GNP Current prices	Growth rate	GNP Current prices	Growth rate	GNP Constant prices	Growth rate
	Quarter	New Turkish Liras	%	(Million USA$)	%	New Turkish Liras	%
	I	107 510 993 818	13.8	80 651	13.1	31 625 722	6.4
	II	134 019 473 702	22.4	92 356	15.1	37 455 914	9.3
	III	177 706 868 605	18.9	119 238	7.1	47 191 041	4.3
	IV	156 546 626 011	17.8	107 428	9.6	38 070 043	4.6
2006	Annual	575 783 962 136	18.4	399 673	10.8	154 342 719	6.0
	I*	129 321 243 406	20.3	91 574	13.5	33 787 316	6.8
	II	148 110 192 435	10.5	110 264	19.4	38 908 124	3.9
2007	6 months	277 431 435 841	14.9	201 837	16.7	72 695 440	5.2

I.b. Gross domestic product results by production approach

		GDP Current prices	Growth rate	GDP Current prices	Growth rate	GDP Constant prices	Growth rate
	Quarter	New Turkish Liras	%	(Million USA$)	%	New Turkish Liras	%
	I	107 768 604 282	13.8	80 844	13.2	31 978 940	6.7
	II	133 790 851 171	21.4	92 183	14.1	37 614 899	8.3
	III	177 905 779 725	19.0	119 376	7.2	47 624 611	4.8
	IV	156 856 995 687	18.1	107 642	9.9	38 514 044	5.2
2006	Annual	576 322 230 865	18.3	400 046	10.7	155 732 493	6.1
	I*	129 586 986 949	20.2	91 762	13.5	34 184 933	6.9
	II	148 001 181 872	10.6	110 189	19.5	39 094 893	3.9
2007	6 months	277 588 168 821	14.9	201 951	16.7	73 279 826	5.3

II. Growth rate of sectors in 2006 by production approach (%)

Current Prices Constant Prices

Sectors	I. Quarter*	II. Quarter	6 months	I. Quarter*	II. Quarter	6 months
Agriculture	14.8	7.5	10.5	4.4	-1.1	0.9
Industry	21.9	8.9	14.5	7.5	3.2	5.2
Construction	41.5	29.3	34.5	16.5	15.7	16.1
Trade	20.9	6.4	12.6	6.6	3.0	4.6
Transportation and Communication	16.9	10.2	13.2	5.5	4.7	5.1
Financial Institutions	18.2	20.6	19.5	8.3	6.2	7.3
Ownership of Dwelling	22.4	22.8	22.6	2.4	2.4	2.4
Business and Personal Services	19.1	11.4	14.9	4.7	3.8	4.2
Government Services	18.4	11.6	14.9	1.3	1.3	1.3
Private Non-Profit Institutions	18.9	-	12.3	1.2	-1.1	-0.1
Import Duties	13.0	-	4.2	9.8	8.6	9.2
Gross Domestic Product	20.2	10.6	14.9	6.9	3.9	5.3
Gross National Product	20.3	10.5	14.9	6.8	3.9	5.2

III. Growth rate of expenditure groups in 2006 (%)

Current Prices Constant Prices

Expenditure Groups	I. Quarter*	II. Quarter	6 months	I. Quarter*	II. Quarter	6 months
Private Final Consumption Expenditure	12.6	6.8	9.4	2.0	-0.3	0.8
Government Final Consumption Expenditure	21.0	13.9	17.2	9.0	7.4	8.1
Gross Fixed Capital Formation	24.6	20.1	22.0	3.0	10.0	6.9
Exports of Goods and Services	31.4	13.5	21.1	14.7	12.7	13.6
Imports of Goods and Services	25.3	7.7	15.2	4.3	8.4	6.5