Turkey’s economy, which demonstrated in the third quarter of 2021, an increase of 7.4 percent, on this indicator ranked second after Chile among the countries of the Organization for Economic Cooperation and Development (OECD). This is reported by Anadolu agency with reference to OECD data and the Institute of Turkey Statistics (TÜİK).
The GDP of the OECD countries, sharply decreased against the background of the coronavirus pandemic last year, achieved high growth rates in the second quarter of the current year. In the third quarter, this trend continued.
The average growth of OECD countries from July to September amounted to 4.5 percent. At the specified period, economic growth in the European Union amounted to 3.9 percent, and in the eurozone – 3.7 percent.
The greatest economic growth among OECD countries was recorded in Chile. The GDP of the South American country in the third quarter of this year grew by 17.3 percent compared to the same period last year. In July-September last year, Chile GDP decreased by 9.8 percent.
In the Turkish economy, the restoration of
Turkey’s economy grew by 4.4 percent in the first quarter of last year, but against the background of the effect of the pandemic decreased by 10.4 percent in the second. With the adoption of steps on the normalization of the epidemiological situation in the country in the third quarter, the economy increased by 6.3 percent, and in the latter – by 6.2 percent. Thus, in 2020, Turkey’s economy has demonstrated an increase of 1.8 percent.
In the first quarter of this year, the growth of the Turkish economy amounted to 7.4 percent year in annual terms, in the second quarter – 22 percent, in the third – 7.4 percent.
Turkey ranked second after chili among the OECD countries.
The growth rates of countries and groups of countries included in the OECD, according to the organization and TÜİK:
chili 17.3
Turkey 7.4
United Kingdom 6.6
Hungary 6.1
Lithuania 6
Israel 5.9
Mexico 5.8
Denmark 5.4
Norway 5.2
Poland 5.2
Latvia 5.1
Netherlands 5 *
USA 4.9
Austria 4.8
Belgium 4.7
OECD 4.5
Portugal 4.3
South Korea 4 *
Finland 3.9 *
EU 3.9
Italy 3.8
Canada 3.8
Sweden 3.7
eurozone 3.7
France 3.3
Czech Republic 2.7
Spain 2.7 *
Germany 2.6 *
Japan 1.3
Slovakia 1.3