Turkey’s GDP up three percent in Q1

Tuesday, 11 June 2013 10:56:20 (GMT+3)   |   Istanbul
       

The Turkish Statistical Institute (TUIK) has announced that Turkey's gross domestic product (GDP) in the first quarter of the current year grew by 9.5 percent to TRY 357.85 billion ($189 billion) in current prices and by three percent in constant prices to TRY 28.1 billion ($14.8 billion), both compared to the same period of the previous year.

Meanwhile, in the first quarter of 2013 Turkey's seasonal and calendar adjusted GDP increased by 1.6 percent compared to the previous quarter.

According to the TUIK data, Turkey's manufacturing sector, which saw a 2.8 percent increase in productivity in the first quarter, contributed 26 percent to Turkey's overall GDP in the given quarter.


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