Gross domestic product at current prices increased by 16.8% and reached 5 trillion 47 billion 909 million TRY in 2020 compared with the previous year.

Gross Domestic Product per capita was 60 537 TRY in 2020

The gross domestic product per capita was 60 537 TRY and 8 599 US Dollars at current prices in 2020.

Financial and insurance activities increased by 21.4% in 2020

When the activities which constitute gross domestic product were analyzed; the value-added increased by 21.4% in financial and insurance, 13.7% in the information and communication activities, 4.8% in the agriculture sector, 2.8% in public administration, education, human health, and social work activities, 2.6% in real estate activities, 2.5% in other service activities and 2.0% in the industry sector. Professional, administrative, and support service activities decreased by 5.2%, services and construction sectors decreased by 4.3% and 3.5%, respectively.

GDP increased by 5.9% in the fourth quarter of 2020

The first estimation of GDP with chain-linked volume index (2009=100) increased by 5.9% compared with the same quarter of the previous year in the fourth quarter of 2020.

Seasonally and calendar-adjusted GDP with chain-linked volume index (2009=100) increased by 1.7% compared with the previous quarter

Seasonally and calendar-adjusted GDP with chain linked volume index (2009=100) increased by 1.7% compared with the previous quarter. Calendar adjusted GDP with chain-linked volume index (2009=100) increased by 5.8% compared with the same quarter of the previous year in the fourth quarter of 2020.

GDP reached 1 trillion 524 billion 788 million TRY at current prices in the fourth quarter of 2020

Gross domestic product increased by 26.2% and reached 1 trillion 524 billion 788 million TRY at current prices. GDP realized 191 billion 633 million US Dollars in the fourth quarter of 2020.

Final consumption expenditures of households increased by 3.2% in 2020

The final consumption expenditure of resident households increased by 3.2% in 2020 compared to the previous year's chain-linked volume index. The share of household consumption expenditures in GDP was 56.4%.

Final consumption expenditures of households increased by 8.2% in the fourth quarter of 2020

Final consumption expenditures of households increased by 8.2%, government final consumption expenditure increased by 6.6% and gross fixed capital formation increased by 10.3% in the fourth 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 7.4%, exports decreased by 15.4% in 2020

Imports of goods and services increased by 7.4%, exports decreased by 15.4% compared to the previous year's chain-volume index in 2020. Exports of goods and services remained the same in the fourth 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 2.5%.

Compensation of employees increased by 9.6% in 2020

Compensation of employees increased by 9.6% while net operating surplus/mixed-income increased by 20.2% in 2020. Compensation of employees and net operating surplus/mixed-income are increased by 12.2% and 32.0% in the fourth quarter of 2020 compared with the same quarter of the previous year, respectively.

The share of compensation of employees in Gross Value Added was 33.0%

The share of compensation of employees in the Gross Value Added at current prices was 33.0% in 2020 while it was 34.8% in the previous year. The share of net operating surplus/mixed-income was 49.4% while it was 47.5% in the previous year. (ILKHA)