On June 30, the Turkish Statistical Institute (TUIK) announced that
Turkey's gross domestic product (GDP) in the first quarter of 2010 indicated an 11.7 percent increase to TRY 23.35 billion (approx. $14.78 billion) in constant prices and a 16 percent increase to TRY 243.26 billion (approx. US$154 billion) in current prices, both compared to the same quarter of the previous year.
Meanwhile, in the first quarter of 2010
Turkey's seasonal and calendar adjusted GDP increased by 0.1 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.