Gross Domestic Product (GDP) increased by 7.4% in the third quarter of 2021, the Turkish Statistical Institute (TurkStat) said in a statement on Tuesday.

GDP with chain linked volume index (2009=100) increased by 7.4% compared with the same quarter of the previous year in the third quarter of 2021.

Professional, administrative and support service activities increased by 25.4% in the third quarter

When the activities which constitute gross domestic product were analyzed; the value added increased by 25.4% in professional, administrative and support service activities, 22.6% in information and communication, 20.7% in services, 11.7% in other service activities, 10.0% in industry, 8.3% in public administration, education, human health and social work activities and 4.7% in real estate activities. The value added decreased by 19.9% in financial and insurance activities, 6.7% in construction sector and 5.9% in agriculture, forestry and fishing.

Seasonally and calendar adjusted GDP with chain linked volume index (2009=100) increased by 2.7% compared with previous quarter. Calendar adjusted GDP with chain linked volume index (2009=100) increased by 7.8% compared with the same quarter of the previous year in the third quarter of 2021.

GDP reached 1 trillion 915 billion 467 million TRY at current prices

GDP increased by 35.5% and reached 1 trillion 915 billion 467 million TRY at current prices. GDP realized 225 billion 497 million US Dollars in the third quarter of 2021.

Final consumption expenditure of resident households increased by 9.1%

Final consumption expenditure of resident households increased by 9.1%, government final consumption increased by 9.6%, gross fixed capital formation decreased by 2.4% in the third quarter of 2021 compared with the same quarter of the previous year in the chain linked volume index.

Exports of goods and services increased by 25.6%, imports decreased by 8.3%

Exports of goods and services increased by 25.6% in the third quarter of 2021 compared with the same quarter of the previous year in the chain linked volume index, imports of goods and services decreased by 8.3%.

Compensation of employees increased by 36.3%

Compensation of employees increased by 36.3% and net operating surplus/mixed income increased by 38.6% in the third quarter of 2021 compared with the same quarter of the previous year, respectively.

The share of compensation of employees in Gross Value Added was 29.8%

The share of compensation of employees in the Gross Value Added at current prices was 29.8% in the third quarter of 2021 while it was 30.1% in the previous year. The share of net operating surplus/mixed income was 54.6% while it was 54.4% in the same quarter of the previous year. (ILKHA)