HOUSEHOLDS’ CONSUMPTION DRIVED GROWTH
Ozan Bakış ve Uğurcan Acar
The Turkish economy has grown 9.1 percent in the last quarter of 2021. The biggest contribution to the growth has come from special consumption this quarter. The 9.3 percentage point in the third quarter and 8.7 percentage point in the second foreign trade contribution which was 9.3 and 8.7 percentage points, respectively, in the second and third quarters of the year, decreased to 5.6 percentage points in this quarter. Using seasonally and calendar-adjusted data, we see that the GDP grows by 1.5 percent compared to the previous quarter by means of special consumption. The foreign trade contribution to the growth was 0.9 percentage points. Decreasing investments and public consumption, especially the stock change, slowed the quarterly growth.