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Turkish economy grows 3.9% in Q3
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Gross Domestic Product (GDP) with chain-linked volume index 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. The construction sector decreased by 14.1%.

Seasonally and calendar-adjusted GDP with chain-linked volume index (2009=100) decreased by 0.1% compared with the 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.

The 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%, and 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. (ILKHA)



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