Economic Analysis of Turkey
Economic Analysis of Turkey
Damian, Chris, Tom, Mark
Table of Contents
Standards of Living
GDP Importance
GDP Flaws
GDP Statistics
Turkey Infrastructure
Government
Market Economy
Population
Unemployment Rate
Poverty Line
HDI Index
Life expectancy
Educational Background
Healthcare
Top Problems in Environment
Trends
Long Term Economic Growth
Human Capital
Division of Labor
Productivity
Government policy
Economic Freedoms
United States Policy
Turkeys Government
Turkey was inherited with large debts and had an economic structure that was based around agriculture. They were given this structure by the founder which was the Ottoman Empire. New laws were introduced to the country and a financial institution was being developed. Turkey’s economy is a mix of industry and agricultural. Turkey GDP Growth Rate
Turkeys GDP has expanded to 1.10 percent in the third quarter over the previous quarter in 2010. Over the years Turkey has had an average growth of .89 percent in their GDP. Throughout the years of 1998 until 2010, Turkey has seen both its highest growth in GDP (6.69 percent) and also its greatest decline in GDP (-7.57 percent). Turkey’s country is rapidly developing and is known as the largest national economy in Central and Eastern Europe. Turkey also has a complex economy which is a mix of modern industry and also the traditional agricultural sector, which still accounts for 30 percent of Turkey’s employment. This growth is also supported by the strong and rapidly growing private sector. But yet the state still finds itself as a major participant in basic industry, banking, transport, and also communication.
GDP Flaws in Turkey
Being both a industry and agricultural economy may have swings in GDP rates over certain years and also in the future.
GDP (purchasing power parity):
$958.3 billion (2010 est.) country comparison to the world: 17
$893.1 billion (2009 est.)
$937.1 billion (2008 est.) note: data are in 2010
Damian, Chris, Tom, Mark
Table of Contents
Standards of Living
GDP Importance
GDP Flaws
GDP Statistics
Turkey Infrastructure
Government
Market Economy
Population
Unemployment Rate
Poverty Line
HDI Index
Life expectancy
Educational Background
Healthcare
Top Problems in Environment
Trends
Long Term Economic Growth
Human Capital
Division of Labor
Productivity
Government policy
Economic Freedoms
United States Policy
Turkeys Government
Turkey was inherited with large debts and had an economic structure that was based around agriculture. They were given this structure by the founder which was the Ottoman Empire. New laws were introduced to the country and a financial institution was being developed. Turkey’s economy is a mix of industry and agricultural. Turkey GDP Growth Rate
Turkeys GDP has expanded to 1.10 percent in the third quarter over the previous quarter in 2010. Over the years Turkey has had an average growth of .89 percent in their GDP. Throughout the years of 1998 until 2010, Turkey has seen both its highest growth in GDP (6.69 percent) and also its greatest decline in GDP (-7.57 percent). Turkey’s country is rapidly developing and is known as the largest national economy in Central and Eastern Europe. Turkey also has a complex economy which is a mix of modern industry and also the traditional agricultural sector, which still accounts for 30 percent of Turkey’s employment. This growth is also supported by the strong and rapidly growing private sector. But yet the state still finds itself as a major participant in basic industry, banking, transport, and also communication.
GDP Flaws in Turkey
Being both a industry and agricultural economy may have swings in GDP rates over certain years and also in the future.
GDP (purchasing power parity):
$958.3 billion (2010 est.) country comparison to the world: 17
$893.1 billion (2009 est.)
$937.1 billion (2008 est.) note: data are in 2010
Cited: "CIA - The World Factbook." Welcome to the CIA Web Site — Central Intelligence Agency. Web. 09 Feb. 2011. <https://www.cia.gov/library/publications/the-world-factbook/geos/tu.html>. "Health Care in Turkey." All About Turkey. Web. 09 Feb. 2011. <http://www.allaboutturkey.com/health.htm>. "Unemployment a Major Problem for Turkey, Says TOBB Head - Hurriyet Daily News and Economic Review." Hürriyet Daily News and Economic Review, Bringing You Turkish Daily News. Web. 09 Feb. 2011. <http://www.hurriyetdailynews.com/n.php?n=unemployment-a-major-problem-for-turkey-says-hisarciklioglu-2010-04-05>. Four Mega Trends for Turkey - Hurriyet Daily News and Economic Review." Hürriyet Daily News and Economic Review, Bringing You Turkish Daily News. Web. 09 Feb. 2011. <http://www.hurriyetdailynews.com/n.php?n=four-mega-trends-for-turkey-2010-02-17>.