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Turkey's Q1 Economic Growth At 2.3 Percent (2)

Istanbul, June 10 (DHA) - Turkey's economy grew by 2.3 percent in the first quarter of the year, against in

Istanbul, June 10 (DHA) - Turkey's economy grew by 2.3 percent in the first quarter of the year, against in the same period of last year, exceeding the expectations at around 1.6 percent, according to the data released by Turkstat on Wednesday.

Gross domestic product (GDP) grew by 2.3 percent against in the same quarter of previous year in the first quarter of 2015 while the growth stood at 1.3 percent on quarterly basis.

The growth mainly depended on the services sector which grew by 4.1 percent in the first quarter and agriculture sector by 2.7 percent, while value added of industry remained unchanged over the same period.

Household final consumption expenditure grew by 4.5 percent and the government final consumption expenditure grew by 2.5 percent at constant prices in the first quarter.

According to the Turkstat data, net value added of the exports to the growth was negative in the first quarter, which fell by 0.3 percent at constant prices, while imports of goods and services increased by 4.1 percent at constant prices.

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