Annual GDP growth has been 0.88% in 2019 which is only slightly higher than our forecast of 0.84%.
Turkey´s economy grew 0.4% in 2019Q3 compared to the previous quarter. According to our nowcast model, our growth expectation has been 0.4% since the last week of October.
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“Nowcast” is the prediction the very near past and future. Compared with developed economies, some important indicators for the Turkish economy (i.e., GDP and the unemployment rate) are released with a very long delay.
Quarterly graphs demonstrate the growth rate estimation of the related quarter in light of the disclosed data. The features and the estimated growth can be read by the points above the graph.
The graphs were created separately for the estimates of the growth rate of both the year to year (by the same quarter of the previous year) as well as the growth rate from quarter to quarter (compared to the previous quarter). The growth rate of GSYIH predicted in quarter-to-quarter growth is seasonally adjusted.
In addition, the table below has been prepared to easily track which data is more effective on which estimate. With each new data, the graphics and tables in this site are renewed.