On September 14, the Turkish Statistical Institute (TUIK) announced that
Turkey's gross domestic product (GDP) in the second quarter of 2010 indicated a 10.3 percent increase to TRY 25.71 billion (approx. $17.19 billion) in constant prices and a 17.1 percent increase to TRY 268.5 billion (approx. US$179.54 billion) in current prices, both compared to the same quarter of the previous year.
Meanwhile, in the second quarter of 2010
Turkey's seasonal and calendar adjusted GDP increased by 3.7 percent compared to the previous quarter.
In 2009, after posting negative results in the first three quarters, the Turkish economy had grown by six percent in the last quarter. However, in whole of 2009
Turkey's economy shrunk by 4.7 percent. In the first quarter of this year, the growth rate was registered at 11.7 percent.