Turkey’s GDP increases by 8.2 percent in 3rd quarter 2011
The improvement in the Turkish economy displays a consistent movement as Europe struggles to work out some major problems of its members such as Greece, Italy (and hopefully not Italy and France in the close future).
The AK PARTY government headed by PM Erdoğan seems to have proved they have displayed a succesful performance so far in terms of economy administration.
To verify this observation, TurkStat Turkish Statistics Institute) announced the country’s gross domestic product increased by 8.2 percent on fixed prices in the third quarter this year.
On the other hand it was also reported that CAD (Current account deficit) had reached $65 billion between January and October 2011.
The report is inserted below.
12.12.2001
Editor, BTT
THE GROSS DOMESTIC PRODUCT REPORT
FOR III. QUARTER: JULY, AUGUST, SEPTEMBER/ 2011
The third quarter gross domestic product in 2011 compared to the same quarter of previous year increased by 8,2% in constant prices.
The third quarter growth rate of gross domestic product in 2011 increased by 17,4% and reached to 348 802 Million Turkish Liras in current prices.
The third quarter growth rate of gross domestic product in 2011 increased by 8,2% and reached to 31 029 Million Turkish Liras in constant prices.
The nine months growth rate of gross domestic product in 2011 increased by 18,7% and reached to 957 326 Million Turkish Liras in current prices and increased by 9,6% and reached to 85 139 Million Turkish Liras in constant prices.
Calendar adjusted gross domestic product in third quarter of 2011 increased by 7,7% compared to the same quarter of previous year, seasonal and calendar adjusted GDP increased by 1,7% compared to previous quarter.
