Turkey's economy grows 11.1 percent in third quarter of 2017

Turkey's economy has grown 11.1 percent in the third quarter of 2017, Turkish Statistical Institute (TurkStat) said Monday.

According to TurkStat, the country's growth is the fastest among the world's 20 largest economies and marks the third consecutive quarter where annual expansion topped 5 percent.

The figure exceeded previous estimates of 8.5 percent.

Turkey's economy grew 5.2 percent in the first quarter of this year and 5.1 percent in the second quarter, according to TurkStat.

Turkish officials previously said the country would achieve annual economic growth of 6 to 7 percent by the end of the year.