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Turkey.. Economic growth during q3 2019

08-12-2019 | admin

The Turkish Statistical Institute (TÜİK) announced that gdp increased by 0.9% during the third quarter (July-September) of 2019 (base year 2009) compared to the same quarter of 2018, where gdp reached about 1 trillion and 145 billion and 99 million Turkish pounds equivalent $201 billion and $848 million at current prices. It is the first positive economic growth figure after achieving negative growth rates during the fourth quarter of 2018, q1 and 22 2019.

In view of the various sectors that make up gdp: the added value of the agricultural sector increased by 3.8%, by 1.6% for the industrial sector, by 0.6% for the services sector, while the construction sector recorded a decrease of 7.8% in the third quarter of 2019 compared to the same quarter of last year.

Final consumer spending for the household sector increased by 1.5%, final consumer spending for the government increased by 7%, while total fixed capital formation decreased by 12.6%, goods and services exports increased by 5.1%, while imports increased by 7.6% in the quarter. Third 2019 compared to the same quarter last year.

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Source: Turkey Now