Independent Annual Gross Domestic Product was estimated
The main revision was completed within the scope of the compliance with the System of National Accounts (SNA-2008) and the European System of Accounts (ESA-2010). Gross Domestic Product (GDP) was calculated using annually finalized data, based on production, expenditure and income approaches, regardless of periodic GDP estimates. Quarterly GDP estimates were revised with a new independent account.
Gross Domestic Product increased by 6.1% in 2015
Gross Domestic Product by production approach with chain linked volume index, increased by 6.1% in 2015 compared to the previous year.
In 2015, GDP by production approach increased by 14.3% compared to the previous year and reached 2 trillion 337 billion 530 million TL at current prices. According to Annual GDP estimates; in 2015, manufacturing industry had the largest share with 16.7%. Manufacturing industry was followed by wholesale and retail trade and construction industry with 11.5% and 8.2%, respectively. Services of households as employers had lowest share in GDP.
Gross Domestic Product Per Capita was 29 885 TL in 2015
The gross domestic product per capita in 2015 was 29 885 TRY and 11 014 US Dollars at current prices.
GDP shares of industries at current prices, 2015
Final consumption expenditures of households at chained volume measure increased by 5.5%
Final consumption expenditures of households increased by 5.5% in 2015 compared to the previous year's chain linked volume index. The share of household consumption expenditures in GDP was 60.4%. Expenditure groups with the highest share in household expenditure were food and non-alcoholic beverages with 21.7%, transportation with 16.0% and housing, water, electricity, gas and other fuels with 15.6%, respectively.
In 2015, the share of government final consumption expenditures in GDP was 13.9%, while the share of fixed capital formation was 29.7%. According to the previous year's chain linked volume index, final consumption expenditure by the government increased by 4.1% and gross fixed capital formation by 9.2%.
Exports of goods and services increased by 4.2% in 2015 compared to the previous year in chain linked volume index, while imports rose by 1.7%.
Major components of GDP by expenditure approach, (2009=100), 2015
The share of compensation of employees in gross value added was 33.2%
According to the GDP by income approach, the share of compensation of employees in total gross value added was calculated as 33.2% in 2015; while this ratio was calculated as 30.2% in 2009. The share of net operating surplus/mixed income in value added was 50.3% in 2015; while this share was 51.5% in 2009.
Income components share of GDP by income approach (2009=100), 2009-2015
The share of compensation of employees in value added at current prices was calculated as 33.2% in 2015, while it was 28.8% in 1998. This ratio was calculated as 28.1% in 2001, which was the lowest value after 1998. While the share of compensation of employees in value added at current prices reached a plateau between the years of 2001 and 2008, it increased gradually after 2008.
The share of compensation of employees in value added, 1998-2015
The share of operating surplus/mixed income in gross value added at current prices was calculated as 50.3% in 2015, while it was 54.6% in 1998. Although this ratio increased up to 55.5% between 2001-2005, it begun to decrease continuously except the period of 2009-2011.
The share of operating surplus/mixed income in gross value added, 1998-2015
Please Look at Tables of Press Release for Explanation of “Implementation of SNA-2008 / ESA-2010 and Main Revision in the National Accounts of Turkey”.