Economy Reports

Report: Turkey’s Gross Domestic Product increases by 4.4 percent in III. Quarter 2013

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GROSS DOMESTIC PRODUCT TURKEYAccording to report published by TUIK (Turkish Statistical Institute) Gross Domestic Product (GDP) increased by 4.4% at constant prices in the third quarter of 2013.

GDP with production approach increased by 4.4% compared to the same quarter of previous year in the third quarter of 2013 and reached to 33 033 Million Turkish Liras at constant prices.

The nine months growth rate of gross domestic product in 2013 compared to the same period of previous year increased by 4.0% and reached to 91 219 Million Turkish Liras at constant prices.

Financial intermediation, in the third quarter of 2013 increased by 9.4% and reached to 12 706 Million Turkish Liras at current prices, increased by 11.0% and reached to 3 998 Million Turkish Liras at constant prices.

Manufacturing industry, in the third quarter of 2013 increased by 10.2% and reached to 58 924 Million Turkish Liras at current prices, increased by 4.9% and reached to 7 249 Million Turkish Liras at constant prices.

Gross Domestic Product (GDP) increased by 10.0% at current prices

GDP with production approach increased by 10.0% compared to the same quarter of previous year in the third quarter of 2013 and reached to 414 459 Million Turkish Liras at current prices.

The nine months growth rate of gross domestic product in 2013 compared to the same period of previous year increased by 9.7% and reached to 1 153 872 Million Turkish Liras in current prices.

Seasonally and calendar adjusted GDP increased by 0.9% compared to the previous quarter

Calendar adjusted GDP in third quarter of 2013 increased by 4.3% compared to the same quarter of previous year while seasonally and calendar adjusted GDP increased by 0.9% compared to the previous quarter.

Household final consumption expenditure increased by 5.1% and government final consumption expenditure increased by 0.6% at constant prices

Household final consumption expenditure in the third quarter of 2013 increased by 10.2% and reached to 281 809 Million Turkish Liras at current prices, increased by 5.1% and reached to 21 702 Million Turkish Liras at constant prices.

Government final consumption expenditure in the third quarter of 2013 increased by 6.4% and reached to 55 031 Million Turkish Liras at current prices, increased by 0,6% and reached to 3 062 Million Turkish Liras at constant prices.

Gross fixed capital formation increased by 6.0% at constant prices

Gross fixed capital formation in the third quarter of 2013 increased by 14.0% and reached to 77 388 Million Turkish Liras at current prices, increased by 6.0% and reached to 7 442 Million Turkish Liras at constant prices.

Exports of goods and services decreased by 2.2% and imports of goods and services increased by 6.0% at constant prices

Exports of goods and services in the third quarter of 2013 increased by 7.6% and reached to 109 592 Million Turkish Liras at current prices, decreased by 2.2% and reached to 8 360 Million Turkish Liras at constant prices.

Imports of goods and services in the third quarter of 2013 increased by 14,0% and reached to 128 418 Million Turkish Liras at current prices, increased by 6.0% and reached to 8 914 Million Turkish Liras at constant prices.

10.12.2013
SOURCE: TUIK (Turkish Statistical Institute)

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