ANKARA
The Turkish economy grew 2.2 percent in 2012 according to Turkish Statistical Authority (Turkstat).
Turkstat on Monday announced Turkish gross domestic product data for the fourth quarter of 2012.
Turkey's gross domestic product increased by 1.4 percent in the fourth quarter of 2012 and reached 29,935,000 Turkish Liras at constant prices.
Annual gross domestic product in 2012 increased by 9.2 percent and reached 1,416,817 Turkish Liras at current prices.
The growth rate increased by 2.2 percent and reached 117,754,000 Turkish Liras at constant prices.
On the other hand Turkstat revised Turkey's growth rate for 2011 from 8.5 percent to 8.8 percent.
Mehmet Simsek, Turkish Minister of Finance, on Monday said, "It is a success that Turkey has grown 2.2 percent despite the recession in the global economy, the deepening crisis in our economic partner the EU, escalating geopolitical tensions in our region and high oil prices."
Also stating that they had created one million job opportunities in the past year, Simsek stated that Turkey witnessed the lowest unemployment rate of the last 11 years.
