Turkish Economy Expands 4.4% YoY in Q3

In the third quarter of 2013, Turkey's gross domestic product was up by 4.4 percent year-on-year. This is down from an upwardly revised 4.5 percent growth rate registered in Q2. The expansion exceeded expectations and was driven by growing investment.

Gross fixed capital formation in the third quarter of 2013 increased by 6.0 percent and reached 7.44 billion Liras. Financial intermediation increased by 11.0 percent and reached manufacturing industry expanded 4.9 percent.

Household final consumption expenditure increased by 5.1 percent reaching 21.702 billion Liras and government final consumption expenditure in the third quarter increased by 0.6 percent to 3.1 billion Liras.

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

Turkish Economy Expands 4.4% YoY in Q3

Turkstat | Nuno Fontes | nuno@tradingeconomics.com
12/10/2013 8:54:34 AM