Turkey achieves 7 percent growth in the first quarter of the year

The Turkish Statistical Institute (TUIK) announced the GDP results for the first quarter of this year (January-March).

Accordingly, the projected GDP increased, as a sequential volume indicator, by 7 percent in the first quarter of the current year compared to the same period of the previous year.

According to the method of production, the estimate of GDP at current prices increased by 29.1 percent in the first quarter of this year compared to the same quarter of the previous year and amounted to one trillion and 386 billion and 347 million turkish lira.

The value of the gross domestic product for the first quarter amounted to 188 billion and 65 million dollars at current prices.

When analyzing the activities that constitute the gross domestic product, in the first quarter of this year compared to the same period of the previous year, the information and communication activities grew by 18.1%, other service activities grew by 14.4%, industry 11.7%, agriculture 7.5%, and services 7.5%, professional, administrative and support services activities grew 5.3 percent, public administration, education, human health and social services activities 3.7 percent, financial and insurance activities 2.9 percent, construction 2.8 percent and real estate activities 2.4.