Turkey sees almost 3% growth in its economy

Business Materials 31 March 2015 17:09 (UTC +04:00)

Baku, Azerbaijan, March 31
By Rufiz Hafizoglu - Trend:

Turkey's economy grew by 2.9 percent in 2014, the report posted on the website of Turkish Statistical Institute said.

This is while the country's economic growth was 4 percent in 2013, according to the Statistical Institute.

Turkish Ministry of Finance forecasted the growth rate of GDP at 2.7 percent in 2014.

The report said that during the mentioned period, 1.9 percent decline was observed in the country's agriculture, while 3.5 percent growth was fixed in the sphere of industry.

The GDP per capita in Turkey stood at 22,700 Turkish liras in 2014, compared to 20,600 liras in 2013.

The official exchange rate on March 31 is 2.6149 TRY/USD.

Edited by CN


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