Turkey records 7.0 percent economic growth in Q1
Gross Domestic Product (GDP) increased by 7.0% in the first quarter of 2021, the Turkish Statistical Institute said in a statement on Monday.
GDP with chain-linked volume index (2009=100) increased by 7.0% compared with the same quarter of the previous year in the first quarter of 2021.
Information and communication activities increased by 18.1% in the first quarter of 2021
When the activities which constitute gross domestic product were analyzed; the value-added increased by 18.1% in information and communication, 14.4% in other service activities, 11.7% in industry, 7.5% in agriculture, 5.9% in services, 5.3% in professional, administrative and support service activities, 3.7% in public administration, education, human health and social work activities, 2.9% in financial and insurance activities, 2.8% in the construction sector and 2.4% in real estate activities.
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 7.3% compared with the same quarter of the previous year in the first quarter of 2021.
GDP reached 1 trillion 386 billion 347 million TRY at current prices in the first quarter of 2021
GDP increased by 29.1% and reached 1 trillion 386 billion 347 million TRY at current prices. GDP realized 188 billion 65 million US Dollars in the first quarter of 2021.
The final consumption expenditure of resident households increased by 7.4% in the first quarter of 2021
Final consumption expenditure of resident households increased by 7.4%, government final consumption increased by 1.3%, and gross fixed capital formation increased by 11.4% in the first quarter of 2021 compared with the same quarter of the previous year in the chained linked volume index.
Exports of goods and services increased by 3.3%, imports decreased by 1.1%
Exports of goods and services increased by 3.3% in the first quarter of 2021 compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services decreased by 1.1%.
Compensation of employees increased by 16.0% in the first quarter of 2021
Compensation of employees are increased by 16.0% and net operating surplus/mixed-income are increased by 39.1% in the first quarter of 2021 compared with the same quarter of the previous year, respectively.
The share of compensation of employees in Gross Value Added was 35.5%
The share of compensation of employees in the Gross Value Added at current prices was 35.5% in the first quarter of 2021 while it was 39.0% in the previous year. The share of net operating surplus/mixed-income was 45.8% while it was 41.9% in the same quarter of the previous year. (ILKHA)