Turkish Minister of Treasury and Finance Noureddine Nabatai announced that his country achieved the second largest growth during the first quarter of this year among the countries of the European Union and the Organization for Economic Cooperation and Development.
This came in tweets he posted, on Wednesday, via Twitter, commenting on the Turkish Statistical Authority’s data on the gross domestic product of Turkey’s economy during the period from January to March 2023.
Nabati indicated that the Turkish economy achieved, during the first quarter of 2023, a growth of 4 percent in real terms, compared to the same period last year.
He said, “Our country was able to become the second most developed country on an annual basis in the first quarter of the year, among the countries of the European Union and the Organization for Economic Cooperation and Development, whose data were announced.”
The Organization for Economic Cooperation and Development was established in 1961 and includes 31 developed countries that are committed to democracy and a market economy. Its headquarters is in the French capital, Paris.
The organization is committed to supporting sustainable growth and employment, raising the standard of living, maintaining financial stability, assisting other countries in economic development, and contributing to the growth of world trade.
The minister stressed that the Turkish government maintained the wheel of investments, production and employment despite the earthquake disaster and the difficult global conditions.
He pointed out that employment increased by about 1.6 million people in the first quarter of this year, bringing the unemployment rate down to single digits by 9.9 percent.
Earlier on Wednesday, the Turkish Statistics Authority said in a statement that the Turkish economy continued to grow for the 11th consecutive quarter.
Economists had previously expected that the growth of the Turkish economy during the first quarter of this year would reach 3.74 percent.