* Photograph: Anadolu Agency
Click to read the article in Turkish
The Turkish Statistical Institute (TurkStat) announced the Gross Domestic Product (GDP) in the second quarter of 2018 today (September 10). In the period of April-May-June 2018, the economy of Turkey grew by 5.2 percent.
The TurkStat has also revised the growth figures which it previously announced for the first quarter of 2018 and the year 2017. The growth rate in the first quarter of 2018, which was previously stated as 7.4 percent, has been changed to 7.3 percent.
As for the year 2017, the growth in the first and second quarters has been changed from 5.4 to 5.3 percent and the growth in the third quarter has been changed from 11.3 to 11.5 percent. The figures for the last quarter have not been revised.
Growth rate has met the economists' expectations
According to the Growth Expectation Survey of the state-run Anadolu Agency Finance, the economists participating in the survey expected that the economy of the country would grow by an average of 5.2 percent in the second quarter. While the highest expectation in the survey was 6.3 percent, the lowest one was 2.6 percent.
Economists also expected that Turkey's economy in 2018 would grow by an average of 3.5 percent. While the highest growth expectation of the economists for 2018 was 4.7 percent, the lowest one was 2.6 percent.
In the first quarter of the year, economy grew by 7.4 percent.
GDP: 884 billion dollar
The Gross Domestic Product (GDP) estimation according to production management with current prices increased by 20.4 percent in the first quarter of 2018 in comparison with the same period last year, becoming 884 billion 4 million 260 thousand Turkish Lira. (HA/SD)
Related bianet News
Economy of Turkey Grows by 7.4 Percent in First Quarter; Current Account Deficit Exceeds Expectations 11 June 2018While the economy of Turkey has grown by 7.4 percent in the first ...
Most Read Today
DEFENSE OF FERHAT TUNÇ ‘Those Acting in Accordance with Current Political Power Betray Arts Itself’ 25 September 2018
Investigation by METU Against Those Opening Rainbow Flag in Graduation 24 September 2018
Moody’s: There is Risk That Government Limits Access to Foreign Currency 25 September 2018
Detained Journalist Ergün Demir Released 25 September 2018