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Turkey Construction Industry Report 2019/Q3

9 December 20192 min. read10,206 views
ET
EPY Team

When the activities that contribute to Gross Domestic Product (GDP) analyzed according to the data published by TurkStat in December 2019;

  • Gross domestic product by production approach with chain linked volume index (2009=100) increased by 0.9% in the third quarter of 2019 compared with the same quarter of previous year.
  • Gross domestic product increased by 11.5% and reached 1 trillion 145 billion 99 million TRY at current prices.
  • When the activities which constitute gross domestic product were analyzed; the total value added increased by 3.8% in the agricultural sector, 1.6% in the industry sector and decreased by 7.8% in the construction sector and increased by 0.6% 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 third quarter of 2019 increased by 0.6% compared with the same quarter of the previous year. Seasonally and calendar adjusted gross domestic product increased by 0.4% compared with the previous quarter.

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