On December 10, the Turkish Statistical Institute (TUIK) announced that
Turkey's gross domestic product (GDP) in the third quarter of 2010 indicated a 5.5 percent increase to TRY 26.76 billion (approx. $17.81 billion) in constant prices and a 13.6 percent increase to TRY 298.09 billion (approx. US$198.42 billion) in current prices, both compared to the same quarter of the previous year.
Meanwhile, in the third quarter of 2010
Turkey's seasonal and calendar adjusted GDP increased by 1.1 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 and second quarters of this year, the growth rates were registered at 11.7 percent and 10.3 percent respectively.