November 30, 2022
Quarterly Gross Domestic Product in Türkiye, Quarter III: July – September, 2022
GDP with chain linked volume index (2009=100) increased by 3.9% compared with the same quarter of the previous year in the third quarter of 2022.
Financial and insurance activities increased by 21.6% in the third quarter of 2022
When the activities which constitute gross domestic product were analyzed; the value added increased by 21.6% in financial and insurance, 13.9% in information and communication, 12.6% in professional, administrative and support service activities, 7.6% in public administration, education, human health and social work activities, 6.9% in services, 4.9% in other service activities, 4.1% in real estate activities, 1.1% in agriculture, forestry and fishing activities and 0.3% in industry respectively. Construction sector decreased by 14.1%.
Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) decreased by 0.1% compared with previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) increased by 3.6% compared with the same quarter of the previous year in the third quarter of 2022.
GDP reached 4 trillion 258 billion 168 million TRY at current prices in the third quarter of 2022
GDP increased by 120.5% and reached 4 trillion 258 billion 168 million TRY at current prices. GDP realized 241 billion 523 million US Dollars in the third quarter of 2022.
Final consumption expenditure of resident households increased by 19.9% in the third quarter of 2022
Final consumption expenditure of resident households increased by 19.9%, government final consumption increased by 8.5% and gross fixed capital formation decreased by 1.3% in the third quarter of 2022 compared with the same quarter of the previous year in the chained linked volume index.
Exports of goods and services increased by 12.6%, imports increased by 12.2%
Exports of goods and services increased by 12.6% in the third quarter of 2022 compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services increased by 12.2%.
Compensation of employees increased by 96.2% in the third quarter of 2022
Compensation of employees increased by 96.2% and net operating surplus/mixed income increased by 123.0% in the third quarter of 2022 compared with the same quarter of the previous year, respectively.
The share of compensation of employees in Gross Value Added was 26.3%
The share of compensation of employees in the Gross Value Added at current prices was 26.3% in the third quarter of 2022 while it was 29.5% in the previous year. The share of net operating surplus/mixed income was 54.8% while it was 54.1% in the same quarter of the previous year.
The next release on this subject will be on February 28, 2023.
EXPLANATIONS
The results of the “Main Revision of Tourism Statistics” published on October 27, 2022, will be retrospectively integrated into the National Accounts System in line with the revision policy and shared with the public together with the “Annual Gross Domestic Product, 2022” press release to be published on August 31, 2023.
Source: Turkish Statistical Institute (TurkStat)
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
