Turkish economy grows 4.5% in 2023

The Turkish economy grew by 4.5% in 2023, the Turkish Statistical Institute announced on Thursday. The country’s GDP growth rate was also at 4% in the last quarter of the year, the official data showed. The GDP with current prices reached $1.12 trillion in 2023, while the GDP per capita was at $13,110. The country’s GDP growth rate was 4% in the first quarter, 3.9% in the second, and 6.1% in the third quarter. In 2022, the growth rate was 5.5%. An Anadolu survey predicted that the country’s economy will grow by 3.97% in the last quarter and 4.4% in the whole year.—AP