According to the statistics of the Turkish Statistical Institute (TurkStat), in 2022, when the economy grew by 5.53 percent, there are striking differences in regional growth rates. There are high differences in growth rates at the provincial level.
– Antalya was the fastest-growing province last year, with 21.81 percent. Antalya’s high growth rate was driven by tourism. The growth rate in the main service sectors, which is the sum of tourism and the restaurant and trade sectors, reached 35.53 percent.
– Thanks to tourism, Mugla became the 4th fastest-growing province with 14.37 percent. The growth rate in the main service sectors in Mugla reached 31.52 percent.
– Kırşehir ranked second with 21.43 percent and Kilis ranked third with 16.95 percent. What is remarkable is that the one-year industrial growth in these two provinces reached extraordinary levels of 58.30 percent and 56.56 percent, respectively. It is an interesting contrast that the construction sectors in both provinces shrank at very high rates of 16.35 percent and 23.41 percent, respectively, while industry achieved such high growth rates.
– In Kirsehir, one of the top 10 fastest-growing provinces, agriculture and industry grew by 15.57 percent and 58.30 percent, respectively. Agriculture grew by 14.15 percent in Nevsehir and 54.60 percent in Kirikkale. On the other hand, employment growth in the region of these provinces was 5.13 percent, below Turkey’s average of 6.79 percent.
– One of the striking points of the growth data is that the growth in the manufacturing industry reached 68 percent in Kirsehir, 64 percent in Kilis, 36 percent in Sinop, 35 percent in Batman, 38 percent in Sivas and Agri just in one year.
– Karabuk leads the provinces with the highest economic contraction with 10.99 percent. Karabuk is followed by Erzincan with 9.53 percent contraction and Artvin with 9.38 percent contraction. In all three provinces, there is a high rate of contraction in the industrial and construction sectors.
– Hatay and Osmaniye are among the 10 provinces with the largest economic contraction. The common point of these provinces is that iron and steel production has a large share in their economies. Iron and steel-producing provinces closed 2022 with serious losses.
– Canakkale is among the provinces whose economy contracted by 4.2 percent. Industries based on stone and soil have an important role in Canakkale’s economy. This shows that economies based on sectors with high energy costs such as iron and steel are struggling.
– It is also noteworthy that the finance sector is the only sector that grew in all 81 provinces. Main services also recorded growth in all provinces except Giresun. On the other hand, construction contracted in 60 provinces and industry contracted in 30 provinces.