Turkey 2010 GDP above one trillion TL, PM Erdogan says

Turkey's economy showed an 8.9 percent growth in first three quarters of 2010.

Turkey 2010 GDP above one trillion TL, PM Erdogan says

 

Turkey's gross domestic product (GDP) exceeded 1 trillion Turkish lira (nearly 644.3 billion USD) in 2010, which was a psychological threshold for the economy, Turkey's Prime Minister Recep Tayyip Erdogan said on Tuesday.

Turkey's GDP was 953 billion TL in 2009.

In his remarks at a parliamentary group meeting of his ruling Justice & Development (AK) Party, Erdogan said Turkey started the new year with great expectations as 2010 overshadowed by the global economic downturn, the biggest in world history.

Turkey's economy showed an 8.9 percent growth in first three quarters of 2010. Growth rate for the whole year will be announced in March 2011.

"When figures for 2010 is unveiled, Turkey will see a growth rate higher than 6.8 percent which was government's official target in the medium-term program," Erdogan said.

"Our forecast for 2010 GDP is 730 billion USD. But from now, we can project that we will exceed this number and reach 742 billion USD which was the pre-crisis level in 2009," he said.

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Last Mod: 04 Ocak 2011, 15:27
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