Economy of Turkey records the biggest growth again

Turkish economy is not afraid of the crises. Subsequent to the market analysis implemented by official statistic agency TUIK, economic indicators of the first quarter in 2016 increased by 4.8 percent in comparison with the similar period last year. The total cost Turkish GDP was estimated by more than 31 billion liras (this is approximately 11 billion US Dollars). As a comparison, in 2015 the cost of quarter GDP was equal to 30.1 billion liras. The main reason for such a positive dynamics is productivity increase.

Current account deficit decreased. Currently, it is recorded at mark 2.95 billion Dollars. This is 900 million less than in the same period in 2015. Nowadays, current account deficit decrease in Turkey can be called as a stable tendency. Last year it dropped by 13.6 billion Dollars (30%) and made 32.2 billion.

13.06.2016

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