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Turkey's GDP rises 2.8%

04-09-2019 | admin

Turkey's GDP increased by 2.8% in 2018, compared to the same period last year.

"GDP increased, with a per capita gdp of 45,750 TL in 2018, and 56.7% of household and non-profit households and non-profit organizations spent on GDP," according to data from the Turkish Statistics Authority.

"Food and non-alcoholic beverages were the highest at 21.2%, followed by transportation expenses at 16.4%, housing, water, electricity, gas and other fuels at 14.7%," the statement said.

"The share of state consumer spending in GDP was 14.8% in 2018, while the share of fixed capital formation was 29.9%," the statement added.

Exports of goods and services increased by 7.8% in 2018, while imports decreased by 7.8%, according to data from the Turkish Statistics Authority.





Source/Agencies