Turkey GDP Expands 0.5% in Q4

Turkey's seasonal and calendar adjusted GDP advanced 0.5 percent in the last quarter of 2013, while GDP growth reached 4.0 percent in 2013.
Turkstat | Isabel Felino | Isabel.felino@tradingeconomics.com
3/31/2014 1:06:49 PM
In the last three months of 2013 the economy slowed for the second straight quarter, down from a revised 0.8 percent in the previous period and 2.0 percent in the second quarter of 2013 when the GDP grew the most since the first quarter of 2011.

Considering full 2013, the GDP accelerated from a revised 2.1 percent in the previous year.  

On the production side, growth was mainly driven by manufacturing (3.8 percent) followed by agriculture (3.1 percent), wholesale and retail trade (4.9 percent), information and communication (3.4 percent), financial and insurance services (9.8 percent). In contrast, the mining sector shrank 3.5 percent after growing 0.8 percent in 2012.

Turkey GDP Expands 0.5% in Q4



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