The Turkish Statistical Institute (TUIK) has announced that
Turkey's gross domestic product (GDP) in the third quarter of the current year grew by 7.7 percent to TRY 377.6 million ($210.8 million) in current prices and by 1.6 percent in constant prices to TRY 31.6 million ($17.6 million), both compared to the same period of the previous year.
Meanwhile, in the third quarter of 2012
Turkey's seasonal and calendar adjusted GDP increased by 0.2 percent compared to the previous quarter.
In the first nine months of the year,
Turkey's GDP saw a growth of 2.6 percent in constant priecs reaching TRY 87.65 million ($49 million).
According to the TUIK data,
Turkey's
manufacturing sector, which saw a 2.8 percent increase in productivity in the first nine months of the year, contributed 24.5 percent of
Turkey's overall GDP in the given period.
Commenting on the third quarter GDP growth,
Turkey's minister of economy Zafer Çağlayan stated that Turkish economic growth was supported by exports, and that, without the 3.4 percentage point positive contribution due to exports,
Turkey's economy would have contracted by 1.8 percent in the third quarter.