Turkey’s GDP nearly at $175B in Q2
Turkey’s gross domestic product (GDP) at current prices totaled one trillion Turkish liras (nearly $175 billion) in the second quarter of 2019, the country’s statistical authority, TurkStat, said on September 2, shrinking by 1.5 percent in the April-June period compared to same period last year. “When the activities which constitute the GDP were analyzed, the total value added increased by 3.4 percent in the agricultural sector, decreased by 2.7 percent in the industrial sector, 12.7 percent in the construction sector and 0.3 percent in the services sector (wholesale and retail trade, transport, storage, accommodation and food service activities) compared with the same quarter of last year in the chained linked volume index,” TurkStat said. Data showed that seasonally- and calendar-adjusted gross domestic product increased by 1.2 percent compared to the previous quarter. According to TurkStat’s revised data, the Turkish economy’s growth rate was negative 2.4 percent in the first quarter this year.