Türkiye's gross domestic product (GDP) expanded 3.9 percent compared with the same quarter of the previous year in the third quarter of 2022, growing in line with expectations and outpacing most peers, according to the figures released by the Turkish Statistical Institute (TurkStat).
With an annual GDP growth of 3.9 percent, the Turkish economy has expanded for 10 consecutive quarters.
A close analysis of GDP activities demonstrated that all the components, particularly financial & insurance activities and information and communication contributed positively to economic growth, with the only exception of construction.
The value-added increased by 21.6 percent in the financial and insurance activities, 13.9 percent in the information and communication sector, and 12.6 percent in service activities.