Tur­key’s GDP nearly at $175B in Q2

Dünya Executive - - OVERVIEW -

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.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.