Turkish Statistical Institute (TUIK) announced the gross domestic product (GDP) results for the first quarter (January-March) of this year.
Accordingly, the GDP estimate, as a chained volume index, increased by 4.5 percent in the first quarter of this year compared to the same period last year.
According to the production method, the GDP estimate at current prices increased by 16.2 percent in the first 3 months of this year compared to the same period last year, reaching 1 trillion 71 billion 98 million liras.
When the activities that make up GDP are examined, in the first quarter of this year, compared to the same period of the previous year, other service activities as a chained volume index were 12.1 percent, information and communication activities 10.7 percent, industry 6.2 percent, public administration, education, human health. and social service activities increased by 4.6 percent, services by 3.4 percent, agriculture by 3 percent, real estate activities by 2.4 percent, professional, administrative and support service activities by 1.9 percent, and finance and insurance activities by 1.6 percent. There was a 1.5 percent decrease in the construction sector.
The average expectations of economists participating in AA Finance’s “Growth Expectations Survey” were that the Turkish economy would grow by 5.2 percent in the first quarter of 2020.
Source: https://www.aa.com.tr/tr/ekonomi/turkiye-ekonomisi-yilin-ilk-ceyreginde-yuzde-4-5-buyudu/1857217
