GDP first quarter first estimate of 2020; As the chained volume index, it increased by 4.5% compared to the same quarter of the previous year.
INDUSTRY SECTOR INCREASED 6.2% IN THE FIRST QUARTER OF 2020
When the activities that make up GDP are examined; In the first quarter of 2020, as the chained volume index compared to the previous year; other service activities 12.1%, information and communication activities 10.7%, industry 6.2%, public administration, education, human health and social service activities 4.6%, services 3.4%, agriculture 3.0% Real estate activities increased by 2.4%, professional, administrative and support service activities increased by 1.9% and financial and insurance activities increased by 1.6%. The construction sector decreased by 1.5%.
Seasonally and calendar adjusted GDP chained volume index increased by 0.6% compared to the previous quarter. GDP-chained volume index adjusted for calendar effect increased by 4.2% in the first quarter of 2020 compared to the same quarter of the previous year.
1 TRILLION 71 BILLION 98 MILLION TL WITH CURRENT PRICES IN THE FIRST QUARTER OF 2020
Gross Domestic Product estimation with production method increased by 16.2% in current quarter in the first quarter of 2020 compared to the same quarter of the previous year and reached 1 trillion 71 billion 98 million TL. First quarter value of GDP at current prices US dollar on the basis of 176 billion 146 million.
FINAL CONSUMPTION EXPENDITURES OF THE STATE INCREASED BY 6.2% IN THE FIRST QUARTER OF 2020
The final consumption expenditures of the state increased by 6.2% in the first quarter of 2020 as a chained volume index compared to the same quarter of the previous year. Total final consumption expenditures of resident households and non-profit organizations (HHKOK) serving households increased by 5.1% while gross fixed capital formation decreased by 1.4%.
IMPORT OF GOODS AND SERVICES INCREASED BY 22.1% IN THE FIRST QUARTER OF 2020, EXPORT decreased by 1.0%
Imports of goods and services increased by 22.1% in the first quarter of 2020 compared to the same quarter of the previous year, and exports decreased by 1.0%.
LABOR PAYMENTS INCREASED BY 14.6% IN THE FIRST QUARTER OF 2020
Labor payments increased by 14.6% and net operating surplus / mixed income by 19.6% in the first quarter of 2020 compared to the same quarter of the previous year.
THE SHARE OF LABOR PAYMENTS IN THE REAL ESTATE ADDED VALUE WERE 38.6%
While the share of labor payments in Gross Value Added at current prices was 39.0% in the first quarter of last year, this rate was 38.6% in 2020. The share of net operating surplus / mixed income increased from 40.7% to 42.1%.
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