Turkey became the second fastest growing economy in the Organization for Economic Cooperation and Development in the third quarter of 2021
Turkey was the second fastest growing economy among the member states of the Organization for Economic Co-operation and Development (OECD) in the third quarter of 2021 after Chile, the group announced on Tuesday, November 30.
Turkey had the second-highest GDP growth rate (GDP) at 7.4%, just outpacing Chile’s 17.3%.
It was followed by the United Kingdom with 6.6%. Hungary 6.1% and Lithuania 6%.
According to figures from the Organization for Economic Co-operation and Development (OECD), Slovakia and Japan, both at 1.3%, and Germany at 2.6%, had the lowest growth rates.
The overall OECD region economy grew 4.7% year-on-year in the third quarter of 2021, a slowdown from the previous quarter when that number was 19.6%.
The G7 economies recorded a similar annual growth rate, 4.1%, compared to the OECD region, while the previous quarter averaged 13%.
The European Union’s GDP growth rate was 3.9% year-on-year in the third quarter of the year, while the Eurozone recorded a growth rate of 3.7% in the same period.
The Eurozone, or AE19, represents the member states that use the single currency, while the EU27 refers to all the bloc’s member states.
* Aisha Sandoval Laguna contributed to this note.
Anadolu Agency website contains only part of the news stories presented to subscribers on the AA News Broadcasting System (HAS), and in summary.
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