Turkey’s economy expands by five percent in Q1

Monday, 12 June 2017 16:42:54 (GMT+3)   |   Istanbul
       

According to the Turkish Statistical Institute (TUIK), Turkey's GDP in the first quarter of this year rose by five percent  compared to the same period of the previous year.
 
In the first quarter of the current year, household final consumption expenditure increased by 5.1 percent, government final consumption expenditure increased by 9.4 percent and gross fixed capital formation rose by 2.2 percent, all year on year.
 
According to the TUIK data, Turkey's manufacturing sector contributed 18.6 percent in current prices to Turkey's overall GDP in the first quarter this year.

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