4/2/2012

Turkey posts 8.5 percent growth in 2011

Dünya - Turkey’s GDP expanded by 5.2 percent in the final quarter of 2011, resulting in 8.5 percent full-year growth, the Turkish Statistical Institute (TurkStat) said in a recently released statement.

The GDP per capita in the country also increased to USD 10,444 in current prices, up from USD 10,079, the official statistics agency revealed. The country’s growth for 2011 was widely expected to be around 8.5 percent by analysts and government officials.

Turkey’s economy is one of the fastest growing in the world with an average growth rate nearing 9 percent for the last two years. The country’s annual average growth in the last decade was 5.4 percent.
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