GDP increased by 4.5% in the first quarter of 2020 in Turkey

First estimation of GDP with chain linked volume index (2009=100) increased  by 4.5% compared with the same quarter of the previous year in the first quarter of 2020.

Industry sector increased by 6.2% in the first quarter of 2020

When the activities which constitute gross domestic product were analyzed; the value added increased by 12.1% in the other service activities, 10.7% in information and communication, 6.2% in industry, 4.6% in public administration, education, human health and social work activities, 3.4% in services, 3.0% in  agriculture, 2.4% in real estate activities, 1.9% in professional, administrative and support service activities and 1.6% in financial and insurance activities. Construction sector decreased by 1.5%.
  

Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 0.6% compared with previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) increased by 4.2% compared with the same quarter of the previous year in the first quarter of 2020.

GDP reached 1 trillion 71 billion 98 million TRY at current prices in the first quarter of 2020

Gross domestic product increased by 16.2% and reached 1 trillion 71 billion 98 million TRY at current prices. GDP realized 176 billion 146 million US Dollars in the first quarter of 2020.

Government final consumption expenditure increased by 6.2% in the first quarter of 2020

Government final consumption increased by 6.2%, final consumption expenditure of resident households and NPISH increased by 5.1% and gross fixed capital formation decreased by 1.4% in the first quarter of 2020 compared with the same quarter of the previous year in the chained linked volume index.

Imports of goods and services increased by 22.1%, exports decreased by 1.0%

Imports of goods and services increased by 22.1% in the first quarter of 2020 compared with the same quarter of the previous year in the chained linked volume index, exports of goods and services decreased by 1.0%.

Compensation of employees increased by 14.6% in the first quarter of 2020

Compensation of employees and  net operating surplus/mixed income are increased by 14.6% and 19.6% in the first quarter of 2020 compared with the same quarter of the previous year, respectively.

The share of compensation of employees in Gross Value Added was 38.6%

The share of compensation of employees in the Gross Value Added at current prices was 38.6% in the first quarter of 2020 while it was 39.0% in the previous year. The share of net operating surplus/mixed income was 42.1% while it was 40.7% in the same quarter of the previous year.

The next release on this subject will be on August 31, 2020.
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EXPLANATIONS

For an explanation on the integration of the effect of the revision in the Balance of Payments Statistics caused by “Transition to the General Trade System in Foreign Trade Statistics” and the “International Service Trade Statistics”, into the National Accounts System, see the tables of the Press Release.