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Saturday, March 08, 2008

Turkey sees GDP 'rise' after switch in accounting system | France 24

"Turkey sees GDP 'rise' after switch in accounting system

Turkey has changed its method of calculating its gross domestic product, switching to the system used in the Europen Union which it is hoping to join, the country's statistics office said Saturday.

The change to the European System of Accounts (ESA95) has resulted in a steep 'rise' in Turkey's GDP as well as the income per head of population, Anatolia news agency quoted the institute's head, Omer Demir, as saying."

More:Turkey sees GDP 'rise' after switch in accounting system | France 24