empty
 
 

2023.05.3113:54:00UTC+00Turkey Economic Growth Accelerates To 4.0%

Turkey's economic growth improved in the three months ended March after easing in the previous two quarters, data from the Turkish Statistical Institute showed on Wednesday.

Gross domestic product advanced 4.0 percent year-over-year in the first quarter, faster than the 3.5 percent rise in the final quarter of 2022.

Among expenditure components, final consumption of resident households grew sharply by 16.2 percent over the year, and government final consumption and gross fixed capital formation increased by 5.3 percent and 4.9 percent, respectively.

On a quarterly basis, GDP rose at a slower pace of 0.3 percent in the first quarter, following a 0.9 percent increase in the preceding three-month period.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback