The figure exceeded analyst consensus estimates of 3.8 per cent.
GDP in the fourth quarter of 2015 rose to 34.8 billion Turkish liras ($12.25 billion), which was up 5.7 per cent year-on-year, TurkStat said.
The Q4 performance pushed the overall annual GDP growth to 4 per cent, with cumulative GDP reaching 131.3 billion Turkish liras in constant prices ($46.2 billion), it added.
"With 4 per cent growth rate, Turkey is among top four fastest growing members in the G20 group, comprising the world's 20 major economies," Mehmet Simsek, Turkish Deputy Prime Minister in charge of the economy, said.
Analysts hailed the Q4 growth figure as a big plus for Turkey.
"Turkish economy showed an improved performance in the fourth quarter; GDP growth rate surpassed the market expectation of 5 per cent and our expectation of 4.1 per cent," ALB Securities analyst Enver Erkan said.
He pointed out that the strongest contribution was from government expenditures, which grew by 6.7 per cent.
"Also, personal consumption showed 4.5 per cent growth rate. We expect a weaker performance, according to leading indicators of the first three months of 2016. But, we can expect a stronger performance again, with the help of stronger global recovery," he said.
"We closed 2015 with 4 per cent growth. This is a very good growth rate. Also, a recovery observed in investments is another positive development," Finansinvest chief economist Burak Kanli said.
"We believe domestic consumption shouldered growth in a year in which geopolitical tension surged and two elections were held,” economist Bora Tamer Yilmaz at Ziraat Securities told Anadolu Agency.
Halk Investment's economist Banu Kivci Tokali said positive signals from industrial production also reflected in the growth data.
"The fourth quarter of last year became the period in which economic activity came to the fore. Private and public sector consumption as well as public investments were base elements in growth,” Tokali said. (SH)
Fibre2Fashion News Desk – India
Fashion | On 20th Jul 2018
The business of sportswear has evolved at a fast pace over the years. ...
Textiles | On 20th Jul 2018
Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...
Textiles | On 20th Jul 2018
The US Home Fashion Products Association (HFPA) has alerted its...
Indian fashion industry
Organic the first choice of any environment-conscious person
It will take some time for the people to change their buying choices
‘It is going to take some time for Indian buyers to get accustomed to...
<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...
Conceived in Europe and curated in New Delhi, NeceSera is a...
For.Tex is an Italy-based leading producer of dyes and thickeners, and is...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
Coating at a fibre level is a practice not usually seen in the...
"Now we can see the Russian trend in international fashion. And Russian...
Whistling Woods International School of Fashion
<div>A lack of upgraded courses in costume designing and fashion as per...
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...