• İstanbul 15 °C
  • Ankara 10 °C

Turkey's economic growth soars in first quarter of 2016

Turkey's economic growth soars in first quarter of 2016
4.8 pct GDP growth rate beat analyst expectations of 4.4 pct

ANKARA (AA) - Turkey's Gross Domestic Product (GDP) growth soared at a rate of 4.8 percent in the first quarter of 2016 compared with the same period in 2015, the Turkish Statistical Institute (TurkStat) reported Friday.

The figure exceeded consensus analyst estimates of 4.4 percent.

Gross Domestic Product in the fourth quarter of 2015 rose to 31.7 billion Turkish liras ($11 billion), up 4.8 percent compared with 30.1 billion liras in the first quarter of 2015, TurkStat said.

Performance in the first quarter pushed overall annual GDP growth to 4.8 percent, with cumulative GDP reaching 499.3 billion Turkish liras in current prices ($172 billion), it added.

source: News Feed
This news is a total 166 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
  • UK inflation rate rises beyond target12 December 2017 Tuesday 14:08
  • Erdogan: Annual growth rate likely to hit 7.5 pct12 December 2017 Tuesday 14:03
  • 8 in 10 Turks back EU membership, survey finds12 December 2017 Tuesday 11:23
  • Over 22M cars, trucks on Turkish roads12 December 2017 Tuesday 10:18
  • Turkey's Borsa Istanbul flat at open12 December 2017 Tuesday 09:58
  • Apple acquires music app Shazam11 December 2017 Monday 23:33
  • UPDATE - Erdogan: S-400 missile deal with Russia to be finalized11 December 2017 Monday 21:48
  • Turkey's Borsa Istanbul up at close11 December 2017 Monday 19:23
  • Reforms vital for Turkey's growth: Deputy PM11 December 2017 Monday 12:28
  • UPDATE - Turkish GDP grows double digits11 December 2017 Monday 10:33
  • All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
    Haber Scripti: CM Bilişim