Appraising the growth figures of 3.2 percent annually announced today, Vice President Cevdet Yilmaz, the fourth quarter of 2024, the effect of the re -acceleration of industrial production, he said.
Yilmaz “Today announced the annual growth figures of 3.2 percent of the Vice President Cevdet Yilmaz, the fourth quarter of 2024, the effect of the re -emphasis of industrial production, he said. he said.
Cevdet Yılmaz’s statement is as follows;
“In 2024, GDP increased by 3.2 percent, and a growth performance of the medium -term program (MTP) was close to the annual growth forecast. Our national income exceeded $ 1.3 trillion in 2024 and our national income exceeded 15 thousand dollars per person.
Within the framework of political stability and predictability, our economy has been for 15 years; It has been growing uninterruptedly for 18 quarters on a quarter.
In the Turkish economy, in the fourth quarter of 2024, a growth of 3.0 percent on an annual basis was realized. Economic growth free from seasonal and calendar effects gained a positive momentum compared to the previous quarter, which has demonstrated the durability of our economy.
In the fourth quarter growth of 2024, it was decisive that the industrial sector caught a positive growth momentum and increased domestic demand. In particular, the industrial sector has grown by 1.4 percent and left the contraction in the previous quarters. This improves an important gain in terms of development, production and employment.
While the contribution of the policies carried out within the scope of the fight against inflation continues to the balancing process, a healthy recovery is observed in domestic demand to strengthen macroeconomic stability. The contribution of domestic demand to growth shows that economic dynamism continues by rising to 3.8 points. At the same time, it is considered that this acceleration does not impose an inflationary pressure.
In 2024, total consumption growth was recorded by 3.3 percent, while the growth of fixed capital investments was 3.9 percent. The increase in public consumption was kept at 1.2 percent. These rates emerge as a reflection of the decisions we make within the scope of the fight against inflation. These figures support our importance to financial discipline and our efforts to make investments in the relatively less affected policies from firming policies.
In 2024, the positive outlook in net goods and services exports gave significant support to growth. In the last quarter of the year, with the effect of the increase in energy imports, a little weak exports of goods and services throughout the year contributed 1.1 points to growth.
When evaluated in terms of production, the services sector, including construction in the fourth quarter of 2024, has grown by 2.0 percent and the agricultural sector increased by 4.7 percent, while the positive return in the industrial sector draws attention. Especially in the agricultural sector, strong performance stands out as an important gain in terms of food supply security.
While the positive appearance in economic activities supports our labor market, the share of labor continues to increase. As a matter of fact, in 2024, the share of labor payments in national income increased by 5 points to 34 percent compared to the previous year. On the other hand, in 2024, employment increased by about one million people, while the unemployment rate decreased to the lowest level after 2012.
The fourth quarter data reveal the resistant structure of our economy and our determination in sustainable growth paths in accordance with our balanced growth model. In the coming period, while maintaining our stance to make the disinflation process uninterrupted; We aim to strengthen growth and increase our social welfare with our investment, production, employment and export -oriented policies. “
