Turkey's economy grew by 5.2% in the second quarter of this year compared to the same period last year, according to data released by the Turkish Statistics Institute on Monday despite the dollar crisis witnessed by the country's economy during the past period and the political and economic tension between Ankara and Washington.
The
Turkish economy ranks first among the OECD countries in terms of growth and
second in comparison with EU countries.
According
to the Turkish Statistical Institute, the European Statistical Office and the
Organization for Economic Co-operation and Development (OECD) data, the average
growth in the second quarter of this year in the OECD region was 2.5%, while
average growth in the euro area was 2.1%.
The
highest growth rate in Europe between April-June was recorded in Malta at 5.7%.
The
Turkish economy came in second with 5.2% followed by the Polish economy by 5%
Hungary by 4.6% and Latvia by 4.4%.
According
to the data, the growth rate for the second quarter of this year is as follows:
- Turkey
5.2%.
- Chile
5%.
- Poland
5%.
- Hungary
4.6%.
- Latvia
4.4%.
- Slovenia
4.3%.
- Slovakia
3.9%.
- Lithuania
3.8%.
- Estonia
3.7%.
- Australia
3.4%.
- Sweden
3.3%.
- Korea
2.8%.
- Spain,
2.7%.
- and
the European Union 2.1%.
- Germany
1.9%.
- Britain
1.3%.
- Japan
1%.
The
Organization for Economic Co-operation and Development (OECD), is a major
international economic organization established in 1961, has 34-member states,
whose objectives are to support continuous growth projects and create jobs,
while maintaining the financial stability of member countries in particular.