Turkiye's GDP sees 4% YoY increase in Q1 2023: TurkStat

In terms of monetary value, Turkiye's GDP experienced a significant surge. It rose by 84.4 per cent to reach 4.631 trillion Turkish Lira (TRY) at current prices. This value translated to approximately $245.464 billion, underscoring the substantial growth in Turkiye's economy.

However, the nation's imports and exports painted a mixed picture. The imports of goods and services registered a significant increase of 14.4 per cent in the first quarter of 2023 compared to the same quarter in the previous year, as measured by the chained linked volume index. Contrarily, the exports of goods and services decreased slightly by 0.3 per cent over the same period, as per TurkStat.

ALCHEMPro News Desk (DP)