Turkey Ranked 16th In Growth Rate

ANKARA - Turkey was ranked 16th among world countries with its growth rate of 8.9 percent, on the basis of gross domestic product (GDP) in 2004.
In Europe, Turkey was ranked third after Ukraine and Belarus.
According to the ''World Economic Outlook'' released by the International Monetary Fund (IMF) in April of 2005, Equatorial Guinea was ranked first in the list with a GDP increase of 34.2 percent.
Meanwhile, IMF predicted that growth rate of Turkey would be 5 percent in 2005 and 2006.
According to IMF, growth rates of first 22 countries in 2004 are as follows:
. 2004
. Increase in GDP
Countries (percent)
------------------ ---------------
1- Equatorial Guinea 34.2
2- Chad 30.5
3- Venezuela 17.3
4- Ukraine 12.1
5- Uruguay 12.0
6- Ethiopia 11.6
7- Angola 11.2
8- Belarus 11.0
9- Tajikistan 10.6
10-Azerbaijan 10.1
11-Armenia 10.1
12-Qatar 9.9
13-China 9.5
14-Kazakhstan 9.4
15-Argentina 9.0
16-TURKEY (*) 8.9
17-Maldives 8.8
18-Georgia 8.5
19-Singapore 8.4
20-Romania 8.3
21-Hong Kong 8.1
22-Latvia 8.0
(*): IMF gave the growth rate of Turkey as 8 percent, but the State Institute of Statistics (DIE) said that the growth rate was 8.9 percent.