The Turkish economy achieves growth exceeding analysts' expectations during 2023

2026-04-13

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The Turkish economy achieves growth exceeding analysts' expectations during 2023

Official data published by the Turkish Statistical Institute on Tuesday morning showed that during the last quarter of the previous year, the Turkish economy achieved a growth rate of 3.5%. As a result, the overall growth rate for the past year 2022 reached 5.6% compared to the previous year 2021.

The statistical data indicated that Turkey's GDP in 2022 increased by 107% compared to 2021, with the GDP in Turkey for 2022 reaching approximately 866 billion US dollars.

The statistical figures also showed that the Turkish economy has grown for 10 consecutive quarters, in addition to the average income per person in Turkey rising to 10,655 US dollars per year.

Edited by: Imtilak Real Estate

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