Gross domestic product by production approach at current prices increased by 19.1% and reached 3 trillion 700 billion 989 million TRY in 2018 compared with the previous year.
When the activities, which constitute gross domestic product, were analyzed; the value added increased by; 1.3% in the agricultural sector, 1.1% in the industry sector.
The activities decreased by 1.9% in the construction sector, increased by 5.6% in the services sector (wholesale and retail trade, transport, storage, accommodation, and food service activities) in 2018 compared with the previous year in the chained linked volume index.
Gross Domestic Product per capita was 45 463 TRY in 2018
The gross domestic product per capita in 2018 was 45 463 TRY and 9 632 US Dollars at current prices.
GDP decreased by 3% in the fourth quarter of 2018
Gross domestic product by production approach with chain linked volume index (2009=100) decreased by 3% compared with the same quarter of the previous year in the fourth quarter of 2018.
Gross domestic product increased by 13.4% and reached 1 trillion 10 billion 114 million TRY at current prices.
When the activities which constitute gross domestic product were analyzed; the total value added decreased by 0.5% in the agricultural sector, 6.4% in the industry sector and 8.7% in the construction sector and 0.3% in the services sector (wholesale and retail trade, transport, storage, accommodation and food service activities) compared with the same quarter of the previous year in the chained linked volume index.
Calendar adjusted gross domestic product in the fourth quarter of 2018 decreased by 3.2% compared with the same quarter of the previous year.
Seasonally and calendar adjusted gross domestic product decreased by 2.4% compared with the previous quarter.
Final consumption expenditures of households increased by 1.1% in 2018
Final consumption expenditure of resident households and final consumption of NPISH increased by 1.1% in 2018 compared to the previous year's chain-linked volume index. The share of household consumption expenditures in GDP was 57.6%.
In 2018, the share of government final consumption expenditures in GDP was 14.4%, while the share of fixed capital formation was 29.7%. According to the previous year's chain-linked volume index, final consumption expenditure by the government increased by 3.6% and gross fixed capital formation decreased by 1.7%.
Households final consumption expenditure decreased by 8.9% in the fourth quarter of 2018
Final consumption expenditure of resident households and final consumption of NPISH decreased by 8.9%, government final consumption expenditure increased by 0.5% and gross fixed capital formation decreased by 12.9% in the fourth quarter of 2018 compared with the same quarter of the previous year in the chained linked volume index.
Exports of goods and services increased by 7.5%, imports decreased by 7.9% in 2018
In 2018, exports of goods and services increased by 7.5%, imports decreased by 7.9% compared to the previous year's chain-volume index. Exports of goods and services increased by 10.6% in the fourth quarter compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services decreased by 24.4%.
Compensation of employees increased by 18.6% in 2018
Compensation of employees increased by 18.6% while net operating surplus/mixed income increased by 18.7% in 2018.
Compensation of employees increased by 16.5% in the fourth quarter of 2018
Compensation of employees increased by 16.5% net operating surplus/mixed income increased by 10.6% in the fourth quarter of 2018 compared with the same quarter of the previous year.
The share of compensation of employees in Gross Value Added was 31.2%
The share of compensation of employees in the Gross Value Added at current prices was 31.2% in the fourth quarter of 2018 while it was 31.1% in the same quarter of the previous year. The share of net operating surplus/mixed income was 51.3% while it was 53.9% in the same quarter of the previous year. (ILKHA)