turkey gdp per capita

However, the government’s fiscal stimulus could soften the blow somewhat. Get a sample report showing our regional, country and commodities data and analysis. Turkey GDP (Gross Domestic Product) was INT$1,787.45billion for 2019 in PPP terms. Turkey gdp per capita for 2019 was $9,042, a 3.5% decline from 2018. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. GDP PPP based on: 2011 International Dollars. It is estimated that the application of the latest standard would add US$824 billion. Fixed investment declined at a steeper pace of 6.1% in Q2, down from the 0.3% contraction logged in the previous quarter. The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless. GDP per Capita in Turkey (with a population of 81,116,450 people) was $14,868 in 2017, an increase of $806 from $14,062 in 2016; this represents a change of 5.7% in GDP per capita. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. LinkedIn The economy contracted 9.9% on an annual basis in the second quarter, contrasting the first quarter's 4.4% increase and marking the sharpest downturn since Q1 2009. Household spending contracted 8.6% year-on-year in Q2, swinging from a 4.5% expansion in Q1. Twitter World Economics Limited. Turkey gdp per capita for 2017 was $10,514, a 2.84% decline from 2016. My Cart All rights reserved. Exports and tourism are expected to be hit particularly hard by restrictive measures, which will weaken the country’s external position. All rights reserved.Terms & Conditions. Twitter Publish your articles and forecasts in our website. Turkish Industry Morale Eases from 6-Month High, Turkish Consumer Morale Improves in September, Turkish Industrial Output Growth Beats Forecast, Turkish Current Account Swings to Deficit, Turkish Gross FX Reserves Rise in Latest Week, Turkey Jobless Rate Climb to 4-Month High of 13.4%, Turkish Producer Price Inflation Hits 1-Year High, Nigeria Non Manufacturing Sector Extends the Decline, Mexico Economic Activity Shrinks Less than Expected in July, FDI Into Vietnam Drops 3.2% in January-September, Nigeria Factory Activity Shrinks for 5th Month, Crude Oil Erases Gains, Heads for Weekly Loss. The economy—which had hitherto been on a fragile recovery path since the country’s currency crisis two years ago—was severely derailed by the global health crisis and associated containment measures, although the contraction due to the pandemic was less severe than the double-digit rate expected by market analysts. Download Historical Data Save as Image. Romania, Latvia, Greece, Croatia and the candidate country Turkey have a GDP per capita of less than 40% below the average. 5 years of economic forecasts for more than 30 economic indicators. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart. Exports of goods and services nosedived 35.3% in Q2 (Q1: +4.8% yoy) as lockdowns and restrictions abroad hampered external demand. The economy contracted 9.9% on an annual basis in the second quarter, contrasting the first quarter's 4.4% increase and marking the sharpest downturn since Q1 2009. Among 37 countries involved in the comparison, Luxembourg was the country with the highest index of GDP per capita with 261, the TurkStat data showed. On a seasonally-adjusted quarter-on-quarter basis, economic activity contracted 11.0% in Q2, down from the previous period's 0.1% fall. Most American countries use a national income accounting standard that fails to record the informal economy. Turkey: Consumer confidence picks up but remains pessimistic in September. Turkey - GDP per capita GDP per capita (current US$) The latest value for GDP per capita (current US$) in Turkey was $9,370.18 as of 2018. Google+, Facebook This came on the back of strict measures implemented to curb the spread of the virus, such as full-scale lockdowns on weekends and national holidays in April and May, which severely limited economic activity.

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