The third approach for measuring GDP is aggregating all the income in a given year in an economy.
[
GDP = Total value added
]
Currently, there are two data tables related to total spending approach at the TUIK (Turkish Statistical Institute) web site. (see http://www.turkstat.gov.tr/UstMenu.do?metod=temelist follow: National Accounts ->Gross domestic product at current prices by income approach (value, share, percentage change)
Gross domestic product by kind of economic activity (A21), income approach, 2009-2017
Turkey’s gross value added in 2009 was TRY 891,082,431 thousand and in 2017 this equaled to 2,752,641,846 thousand.
Figure – 1 shows sectoral shares of Turkey’s gross value added in 2009. The largest share is owned by C-Manufacturing at % 16.99 which was followed by G-Wholesale and retail trade at % 11.98 and L-Real estate activities at % 11.76.
Figure – 2 demonstrates sectoral shares of Turkey’s gross value added in 2017. Like 2009, the largest share was owned by C-Manufacturing sector at %19.81 and the second largest sector was G-Wholesale and retail trade at % 13.37. The third place was taken by H-Transport, storage at % 8.67.
The following sections review the major sectors in more detail.
A- Agriculture, forestry and fishing
Figure 1 demonstrates the shares of
- compensations of employees,
- taxes on production,
- subsidies on production
- gross operating production/mixed income
on gross value added in agriculture sector over 2009-2017 in Turkey. The total of these four titles equals to %100.
G- Wholesale and retail trade
The share of gross operating production in gross value added had a decreasing trend starting from 2010 at % 98.98 to 2017 at % 97.63. This comes from the fact that the share of compensation of employees were increasing, specifically it raised from 2009 (% 2.98) to 2017 (% 5). Taxes have also rose from % 0.003 to % 0.007 in the same duration. The share of subsidies remained at % 2.62 on average during these nine years.
Figure – 4 shows the shares of Gross operating surplus/mixed income, Taxes on production and Compensation on employees of G- Whole sale sector over 2009-2017. The share of Gross operating surpluses peaked in 2011 at over % 70, after this year the series had a decreasing trend by 2016 and bottomed-out at about %62. The share of Taxes on production remained in the range of % 0.46 – % 0.63. The largest value that Compensation of employees was experienced in 2016 at % 38.42.
C- Manufacturing
Figure – 5 illustrates the break down of Gross value added in manufacturing sector over 2006-2017. Gross operating surplus/ mixed income followed a volatile pattern having its smallest value in 2010 at % 63.99 and largest value in 2017 at % 68.64. In the last two years the percentages of subsidies given to the sector increased significantly and reached % 4.85 in 2016 and % 5.54 in 2017.
Finally, Figure – 6 gives a macro view for Gross value added created by all sectors over 2009 – 2017. The shrinking in A-Agriculture, H-Transport, I-Real estate activities, Q-Human health and social activities sectors are observable. On the other hand, growth on C-Manufacturing, F-Construction and N-Administrative sectors are sound.
writeconomy 