Türkiye's GDP increases 2.5% in 2nd quarter
On quarterly basis, Turkish economy grows 0.1% in April-June
By Tuba Ongun
The Turkish economy grew 2.5% at an annualized pace in the second quarter of 2024, according to official data released on Monday.
The country’s gross domestic product (GDP) for the April-June period reached 9.95 trillion Turkish liras, or approximately $308.16 billion, as reported by the Turkish Statistical Institute (TurkStat).
The figure slowed from a downwardly revised 5.3% growth in the first quarter and fell below market expectations as economists surveyed by Anadolu on Friday had estimated the economy would expand by 3%.
On a quarterly basis, Türkiye's GDP increased 0.1% in the second quarter, following a 1.5% growth in the first quarter.
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