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Turkey posts 4 pct rise in GDP growth in 2013

English.news.cn   2014-04-01 17:20:47

ANKARA, April 1 (Xinhua) -- Turkey's economy grew faster than expected in 2013 at a rate of four percent compared to the previous year, the Turkish Statistics Institute (TurkStat) data showed on Tuesday.

Turkey's annual gross domestic product (GDP) in 2013 reached 122.3 billion Turkish Lira at constant prices, or about 58.2 billion U.S. dollars, reaching a year-on-year growth of four percent, the TurkStat data showed.

Turkish per capita GDP also increased to 10,782 dollars at current prices in 2013.

Analysts attributed the faster economic growth mainly to the solid recovery in domestic demand in 2013 and a surprisingly strong fourth quarter performance when the economy expanded by 4.4 percent.

Earlier in the year, Turkish government forecast the 2013 growth to be 3.6 percent and 2014 growth to be 4 percent in its medium-term program.

Editor: Zhu Ningzhu
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