June 1, 2023
Quarterly Gross Domestic Product in Türkiye, Quarter I: January-March, 2023
GDP with chain linked volume index (2009=100) increased by 4.0% compared with the same quarter of the previous year in the first quarter of 2023.
Services increased by 12.4% in the first quarter of 2023
When the activities which constitute gross domestic product were analyzed; the value added increased by 12.4% in services, 12.0% in professional, administrative and support service activities, 11.2% in financial and insurance, 8.1% in information and communication, 7.8% in other service activities, 5.1% in construction, 3.6% in public administration, education, human health and social work activities and 1.4% in real estate activities. Industry sector and agriculture, forestry and fishing decreased by 0.7% and 3.8%, respectively.
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 0.3% compared with previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) increased by 3.8% compared with the same quarter of the previous year in the first quarter of 2023.
GDP reached 4 trillion 631 billion 792 million TRY at current prices in the first quarter of 2023
GDP increased by 84.4% and reached 4 trillion 631 billion 792 million TRY at current prices. GDP realized 245 billion 464 million US Dollars in the first quarter of 2023.
Final consumption expenditure of resident households increased by 16.2% in the first quarter of 2023
Final consumption expenditure of resident households increased by 16.2%, government final consumption expenditure increased by 5.3% and gross fixed capital formation increased by 4.9% in the first quarter of 2023 compared with the same quarter of the previous year in the chained linked volume index.
Imports of goods and services increased by 14.4%, exports decreased by 0.3%
Imports of goods and services increased by 14.4% in the first quarter of 2023 compared with the same quarter of the previous year in the chained linked volume index, exports of goods and services decreased by 0.3%.
Compensation of employees increased by 126.1% in the first quarter of 2023
Compensation of employees increased by 126.1% and net operating surplus/mixed income increased by 48.7% in the first quarter of 2023 compared with the same quarter of the previous year.
The share of compensation of employees in Gross Value Added was 38.0%
The next release on this subject will be on August 31, 2023.
Source: Turkish Statistical Institute (TurkStat)
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