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Turkey’s economy expands 3.1% in Q2: TurkStat

by ChemOrbis Editorial Team -
  • 09/09/2016 (17:38)
Turkey’s gross domestic product (GDP) increased 3.1% in constant prices to reach 33.061 billion Turkish lira in the first quarter of 2016 when compared to the same quarter of 2015, according to data from the Turkish Statistical Institute (TurkStat). In current prices, gross domestic product was up by 9% when compared to the same quarter of 2015 to reach 535.932 billion Turkish lira.

In the April-June period of 2016, the seasonally and calendar adjusted GDP gained 0.3% from a quarter earlier while calendar adjusted GDP advanced 3% on the year.

Household final consumption expenditure climbed 5.2% while government final consumption expenditure rose 15.9% in the second quarter at constant prices.

Export of goods and services increased 0.2% at constant prices to reach 8.407 billion Turkish lira while imports of goods and services gained 7.7% to 9.766 billion Turkish lira in the same period.

In 2015, Turkey’s annual GDP increased 4% in constant prices to reach 131.273 billion Turkish lira.
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