3/31/2011

Turkey leads Europe in economic growth with 8.9 percent

Dunya - Turkey’s economy grew by 8.9 percent in 2010, thus becoming one of the fastest growing economies in the world. According to recently released data by the Turkish Statistical Institute (TurkStat), the Turkish economy has continued its strong growth trend in the 4th quarter of 2010, reaching 9.2 percent, well over market estimations.

With the overall growth rate of 8.9 percent, Turkey has left Europe behind, becoming one of the fastest growing economies in the world in 2010.

The country’s GDP has risen to TRY 1.1 trillion (approx. USD 735 billion) in current prices, while GDP per capita exceeded USD 10,000.
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