The Turkish Statistical Institute (TUIK) has announced that revision work on Turkey’s national accounts in accordance with European Union Regulations (ESA 2010) has been completed. Accordingly, quarterly gross domestic product by production, expenditure and income approach have been calculated in line with ESA 2010.
According to the TUIK, Turkey's GDP in the third quarter of this year fell by 1.8 percent compared to the same period of the previous year.
In the third quarter, household final consumption expenditure decreased by 3.2 percent, government final consumption expenditure increased by 23.8 percent and gross fixed capital formation decreased by 0.6 percent, all year on year.