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Monday, September 10, 2007

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

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