2/18/2021

Turkey's Industrial Production Growth Surpasses G20 Countries

Emerging from the devastating grips of the COVID-19 pandemic, Turkish economy is showing a robust recovery.

Turkey's industrial production index in December 2020 inched 1.3 percent on a monthly basis and 9 percent annually, Turkish Statistical Institute (TurkStat) released. Cruising ahead of all G20 countries, Turkey's industrial production climbed to record numbers in December 2020.

"Increase in industrial production output in Q4 2020 proves that Turkey will be one of the few countries to close the year with a positive gross domestic product (GDP) growth," Minister of Industry and Technology Mustafa Varank commented.

“We will sustain our goal of quality and stable growth with a mindset bent on economic and legislative reforms, aided by the efforts of Turkey's industrialists," added Minister Varank.​

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industrial production index; Minister of Industry and Technology; Mustafa Varank; G20 countries