Baku, Azerbaijan, Mar. 31
By Orkhan Quluzade – Trend:
Turkey’s GDP rose by 2.9 percent in 2016, says a report of the Turkish Statistical Institute (TUIK), issued on March 31.
Taking into account the 2016 events – a military coup attempt, terrorist attacks and political crises, the growth rate of GDP was forecast at the level of 2.2 percent.
Turkey’s total GDP amounted to 2.59 trillion Turkish liras ($856.791 billion) in 2016, as compared to 2.337 trillion liras ($861.467 billion) in 2015. In 2015, Turkey’s GDP growth rate was at 6.1 percent.
The GDP per capita amounted to 32,676 liras or $10,807 in Turkey in 2016.
Earlier, Turkey’s Deputy Prime Minister Nurettin Canikli said that the country’s GDP growth rate will be at about 3 percent and Development Minister Lutfi Elvan expected the Turkish economy to increase by 2.5 percent in 2016.
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