Turkey’s gross domestic product (GDP) expanded by 2.6 percent in the final quarter of 2014, resulting in 2.9 percent full-year growth, the Turkish Statistical Institute (TurkStat) said in a statement released on Tuesday.

Turkey's gross domestic product growth rate hit 2,9 pct in 2014!

Turkey’s gross domestic product (GDP) expanded by 2.6 percent in the final quarter of 2014, resulting in 2.9 percent full-year growth, the Turkish Statistical Institute (TurkStat) said in a statement released on Tuesday.


The announced growth rate was above market expectations. Turkey’s growth rate was 4.1 percent in 2013 and 2.2 percent in 2012. The per capita GDP was realized at 22,753 TL ($8,721) at current prices in 2014. 

GDP increased by 2.9 percent in 2014 and reached 126 billion Turkish liras ($48.3 billion) at constant prices. At current prices it increased by 11.6 percent and reached 1.750 trillion Turkish liras ($671 billion). 

Household final consumption expenditure increased by 1.3 percent, government final consumption expenditure by 4.6 percent, exports of goods and services by 6.8 percent, whereas imports of goods and services decreased by 0.2 percent. 

Source: dailysabah.com