Turkey's economy grows 11.7 pc in Q1

Turkey's economy grew 11.7% in the Q1 of 2010, according to the statistical authority.

Turkey's economy grows 11.7 pc in Q1

Turkey's economy grew 11.7% in the Q1 of 2010, according to the statistical authority.

The growth rate was widely expected to turn out somewhere between 11-11.5% in the Turkish markets.

Turkey's statistical authority, TurkStat, announced Wednesday that the gross domestic product (GDP) in Q1 of 2010 rose 11.7% year-on-year and reached 23,350 million Turkish liras in constant prices.

TurkStat said the GDP rose 16% year-on-year and reached 243,258 million Turkish liras in current prices.

Meanwhile, calendar adjusted GDP in Q1 of 2010 rose 11.8% year-on-year, and 0.1% quarter-on-quarter.


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Güncelleme Tarihi: 30 Haziran 2010, 11:02

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