TURKSTAT published the Periodic Gross Domestic Product report for the fourth quarter of 2021 and announced Turkey’s growth figures for 2021. According to the report, GDP increased by 11% compared to the previous year.
Turkish Statistical Institute (TUIK), the highly anticipated 2021 year periodical gross domestic product report released this morning. The report, which includes data for the last quarter of 2021, also revealed the performance shown throughout 2021. According to the data shared by TURKSTAT, gross domestic product (GDP), In 2021, it increased by 11%.
According to the production method, the gross domestic product at current prices, while the GDP was 716 billion 902 million dollars in 2020, 802 billion 678 million dollars declared as. When this number was converted to TL, a great increase was seen due to the depreciation of TL against the dollar. GDP reached 7 trillion 209 billion 40 million TL 42.8% in TL terms It increased. In 2021, GDP per capita was announced as 85 thousand 672 TL at current prices, 9,539 in US dollars was calculated as. In 2020, this number is 60 thousand 537 TL in TL, and this number is in dollars. 8.599 was.
Service activities were the area with the highest increase
Considering the activities that make up the GDP, the previous year in 2021 the highest increase in total value added activities it was as follows:
- Service activities: 21.1%
- Other services: 20.3%
- Information and communication: 20.2%
- Profession, administration and support: 17.3%
- Industry: 16.6%
- Public administration, education, human health and social work: 7%
- Real Estate: 3.5%
- Construction: -0.9%
- Agriculture: -2.2%
- Finance and insurance: -9%
Household consumption expenditures increased by 15.1%:
of settled households final consumption expenditures, increased by 15.1% in 2021 compared to the chained volume index of the previous year. The share of household consumption expenditures in GDP was 55.1%. Expenditures increased by 21.4% in the last quarter of the year.
Exports of goods and services increased by 24.9% in 2021:
According to the previous year chained volume index in 2021 exports of goods and services 24.9%, while imports increased by 2.0%. In the fourth quarter of 2021, exports of goods and services increased by 20.7% as a chained volume index, while imports increased by 2.6% compared to the same quarter of the previous year.
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There was a 31.4% increase in labor payments:
While labor payments increased by 31.4% in 2021 compared to the previous year, net operating surplus/mixed income increased by 53.2%. In the fourth quarter of 2021, labor payments increased by 37.7% compared to the same quarter of the previous year, while net operating surplus/mixed income increased by 62.9%.