On September 12, the Turkish Statistical Institute (TUIK) announced that Turkey's gross domestic product (GDP), which hit a world record in the first quarter with an 11 percent increase in constant prices, in the second quarter of this year grew by 19.2 percent to TRY 318.4 billion ($179.4 billion) in current prices and by 8.8 percent in constant prices to TRY 27.9 billion ($15.7 billion) compared to the same period of last year.
Meanwhile, in the second quarter of 2011 Turkey's seasonal and calendar adjusted GDP increased by 1.3 percent compared to the previous quarter.
In 2010, Turkey's GDP had indicated a nine percent increase to TRY 105.7 billion ($59.5 billion) in constant prices and a 15.9 percent increase to TRY 1.1 trillion ($621.9 billion) in current prices.
Meanwhile, in the second quarter of 2011 no counries worldwide recorded a double-digit increase in GDP growth. China was the top country for growth with a 9.5 percent increase, while Turkey followed China with an 8.8 percent increase in the second quarter.
According to TUİK data, Turkey's manufacturing sector, which increased 8.8 percent in the second quarter, contributed 2.1 percentage points to the overall growth of Turkey's GDP in the given quarter. The manufacturing sector recorded a 3.5 percentage point increase in the first quarter this year.