Turkey’s GDP up 14.2 percent in Q1

Monday, 02 July 2012 10:59:30 (GMT+3)   |  
       

The Turkish Statistical Institute (TUIK) has announced that Turkey's gross domestic product (GDP) in the first quarter of the current year grew by 14.2 percent to TRY 329.02 billion ($181.9 billion) in current prices and by 3.2 percent in constant prices to TRY 27.08 billion ($14.9 billion), both compared to the same period of the previous year.

Meanwhile, in the first quarter of 2012 Turkey's seasonal and calendar adjusted GDP increased by 0.2 percent compared to the previous quarter.

According to the TUIK data, Turkey's manufacturing sector, which saw a 2.7 percent increase in productivity in the first quarter, contributed 26.1 percent to Turkey's overall GDP in the given quarter.


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