Turkish Statistical Institute
The Turkish economy registered growth of 6.7% in 2020's third quarter despite the novel coronavirus outbreak, according to data the Turkish Statistical Institute (TÜİK) released on Nov. 30.
The country's gross domestic product (GDP) at current prices stood at 1.4 trillion Turkish liras ($197.4 billion) in July-September, TÜİK said.
Turkey's tourism sector will likely shrink 70% this year due to the coronavirus pandemic, the country's culture and tourism minister said on Nov. 26.
"It looks like we will end 2020 with slightly over $11 billion in tourism revenues and over 15 million travelers," Mehmet Nuri Ersoy said in an online session of the 10th International Resort Tourism Congress.
Turkey's retail sales volume with constant prices fell 0.8% year-on-year in June, the Turkish Statistical Institute (TÜİK) announced on Aug. 14.
"In the same month food, drinks and tobacco sales increased by 3.0%," TÜİK said.
Excluding automotive fuel, non-food sales dropped 2.8%, while automotive fuel sales slipped 0.9% over the same period.
The Turkish economy has a strong structure to weather the effects of the fluctuations in the exchange rate level, Treasury and Finance Minister Berat Albayrak has said.
"The exchange rate goes down, it goes up. What is important is that Turkey manages all this volatility in a controlled way," Albayrak said in an interview with private broadcaster CNN Türk on Aug. 12.
The number of people going to theaters increased, while the number of cinemagoers took a nosedive when compared to the previous year in Turkey, data from the Turkish Statistical Institute (TÜİK) showing statistics for 2019 released yesterday showed.
The number of moviegoers in the country decreased by 12.8 percent compared to 2018, a drop to around 56.5 million during the year.
In Turkey, 434,757 residential properties were sold in the first five months of 2020, the country's statistical authority announced on June 15.
Housing sales dropped 2.2% or 9,684 units in the five-month period, compared to the same period last year, according to the Turkish Statistical Institute (TÜİK) data.
The Turkish economy's total turnover saw an annual decrease of 20.9% in April, the nation's statistical institute reported on June 12.
The Turkish Statistical Institute (TÜİK) said turnover in industry slipped 24.9% during the same period.
On the services side, the turnover index declined 23.9% and the figure in trade fell 17.4% year-on-year.
Turkey's unemployment rate dropped to 13.2% in March, down 0.9 percentage point compared to the same month last year, the country's statistical authority announced on June 10.
The Turkish Statistical Institute (TÜİK) said the number of unemployed persons age 15 and over slipped 573,000 year-on-year to 3.97 million in the month.