Breaking News: “2022 Growth Figures Announced!”

SHAFAQNA TURKEY – The Turkish Statistical Institute (TUIK) has announced growth figures for the last quarter of 2022. Accordingly, the annual gross domestic product (GDP), derived from the sum of four periods under the production method, increased by 5.6 percent in 2022 compared to the previous year. In 2022, GDP increased by 107 percent compared to the previous year and reached 15 trillion 6 billion 574 million Turkish liras.

In 2022, GDP per capita was 176 thousand 589 Turkish liras in current prices and 10 thousand 655 dollars in dollars.

Financial and insurance activities increased by 21.8 percent in 2022

When considering activities that make up GDP; In 2022 as a chain volume index compared to the previous year; Financial and insurance activities, total value added 21.8%, services 11.7%, professional, administrative and support services 9.9%, information and communication activities 8.7%, other services 5.8%, public administration, education , health care and social services have increased. by 4.8 percent, real estate transactions increased by 4.3 percent, industry increased by 3.3 percent, and the agricultural sector increased by 0.6 percent. The construction sector, on the other hand, contracted 8.4 percent.

GDP increased by 3.5 percent in the fourth quarter of 2022

Initial GDP forecast for the fourth quarter; As a chain volume index, it increased by 3.5 percent in the fourth quarter of 2022 compared to the same quarter of the previous year.

The seasonally and calendar-adjusted GDP volume index increased by 0.9 percent compared to the previous quarter.

The seasonally and calendar-adjusted GDP volume index increased by 0.9 percent compared to the previous quarter. The calendar-adjusted GDP volume index increased by 3.5 percent in the fourth quarter of 2022 compared to the same quarter of the previous year.

GDP reached TL 4 trillion 800 billion 717 million at current prices in the fourth quarter of 2022.
The estimate of gross domestic product by production method increased by 106.2 percent in the fourth quarter of 2022 at current prices compared to the same quarter of the previous year and amounted to 4 trillion 800 billion 717 million Turkish liras. The value of GDP for the fourth quarter amounted to 262 billion 669 million US dollars in current prices.

Household final consumption expenditure increased by 19.7 percent in 2022

Resident household final consumption expenditure increased by 19.7 percent in 2022 compared to the previous year’s chain volume index. The share of household consumer spending in GDP was 57.5 percent.

Household final consumption expenditure increased by 16.1 percent in the fourth quarter of 2022.

Resident household final consumption expenditure increased by 16.1 percent in the fourth quarter of 2022 as a chain volume index compared to the same quarter of the previous year. Government spending on final consumption increased by 9.0 percent, while gross fixed capital formation increased by 2.6 percent.

Exports of goods and services increased by 9.1 percent and imports by 7.9 percent in 2022.

In 2022, exports of goods and services increased by 9.1 percent and imports by 7.9 percent, according to the previous year’s chain volume index. Exports of goods and services decreased by 3.3 percent in the volume chain index in the fourth quarter of 2022 compared to the same quarter of the previous year, while imports increased by 10.2 percent.

Wages increased by 82.7 percent in 2022

While wages increased by 82.7 percent in 2022 compared to the previous year, net operating income/mixed income increased by 115.2 percent. In the fourth quarter of 2022, although wages increased by 103.3 percent compared to the same quarter of the previous year, net operating income/mixed income increased by 104.9 percent.

In 2022, the share of wages in gross value added was 26.5 percent.

If last year the share of wages in gross value added at current prices was 30.1%, then in 2022 this figure increased to 26.5%. The share of net operating profit/mixed income increased from 52.5 percent to 54.5 percent. World