Turkey’s GDP ups by 8.5 percent in 2011
Azerbaijan, Baku, April 2 / Trend A. Taghiyeva /
Turkey's real GDP growth was 5.2 percent in the fourth quarter of 2011, compared to the same period of 2010, the Turkish Statistics Institute's report said today.
At current prices, GDP increased by 14.9 percent and amounted to 339.755 billion lira as of the fourth quarter.
Total GDP volume at current prices increased by 17.8 percent to 1.294.893 million lira as of 2011. At stable prices, real GDP growth amounted to 8.5 percent.
GDP per capita amounted to 17,510 lira, or $10,444 for the period.
The official exchange rate is 1.7729 TRY/USD on April 2.