The Turkish Statistical Institute (TUIK) has announced that Turkey's gross domestic product (GDP) in the first quarter of this year grew by 12.5 percent to TRY 499.3 billion ($171.08 billion) in current prices and by 4.8 percent in constant prices to TRY 31.6 billion ($10.8 billion), both compared to the same period of the previous year.
Meanwhile, in the first quarter Turkey's seasonal and calendar adjusted GDP increased by 0.8 percent compared to the previous quarter.