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Turkey’s gross domestic product (GDP) decreased 9.9 percent in 2020 compared to the same quarter of the previous year in the second quarter.
When the activities that make up GDP are examined; As the chained volume index in the second quarter of 2020 compared to the previous year; agriculture 4.0 percent, information and communication activities 11.0 percent, financial and insurance activities 27.8 percent, real estate activities 1.7 percent. Industry 16.5 percent, construction sector 2.7 percent, services 25.0 percent, professional, administrative and support services activities 16.5 percent, public administration, education, human health and social service activities 2.4 percent and other service activities decreased 18.0 percent.
The chained volume index of seasonally and calendar-adjusted GDP decreased 11.0 percent compared to the previous quarter. The chained volume index of calendar-adjusted GDP decreased 10.0 percent in the second quarter of 2020 compared to the same quarter of the previous year.
With the production method, the forecast GDP increased by 1.3 percent in current prices in the second quarter of 2020 compared to the same quarter of the previous year and became TL 1.041 billion 643 million. The second quarter GDP value at current prices was 153 billion 180 million in US dollars.
The state’s final consumer spending decreased 0.8 percent in the second quarter of 2020 compared to the same quarter of the prior year as a chained volume index. Consumption expenditures of resident households decreased 8.6 percent and gross fixed capital formation decreased 6.1 percent.
Imports of goods and services decreased 6.3 percent and exports 35.3 percent in the second quarter of 2020 compared to the same quarter of the previous year.
Labor payments increased 0.5 percent in the second quarter of 2020 compared to the same quarter a year earlier, while the net operating surplus / mixed income decreased 2.4 percent.
Although the share of labor payments in the gross value added at current prices was 36.7 percent in the second quarter of last year, this rate was 36.8 percent in 2020. The share of the net operating surplus / Mixed income fell from 45.0 percent to 43.9 percent.
Since 2010, the growth rate of the Turkish economy, from the year and the quarter is as follows:
| Years | 1st quarter | 2nd quarter | 3rd trimester | Fourth quarter | Annual |
| 2010 | 7.0 | 8.1 | 8.7 | 9.7 | 8.5 |
| 2011 | 11.7 | 11.5 | 11.6 | 9.9 | 11.1 |
| 2012 | 6.8 | 5.0 | 3.6 | 4.2 | 4.8 |
| 2013 | 8.5 | 9.8 | 8.9 | 6.9 | 8.5 |
| 2014 | 8.7 | 2.9 | 3.7 | 5.9 | 5.2 |
| 2015 | 3.6 | 7.2 | 5.8 | 7.5 | 6.1 |
| 2016 | 4.8 | 4.9 | -0.8 | 4.2 | 3.2 |
| 2017 | 5.3 | 5.3 | 11.6 | 7.3 | 7.5 |
| 2018 | 7.5 | 5.8 | 2.5 | -2.7 | 3 |
| 2019 | -2.6 | -1.7 | one | 6.4 | 0.9 |
| 2020 | 4.4 | -9.9 |
