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      • Faculty of Economics, Administrative And Social Sciences
      • Department of Political Science and Public Administration
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      Recent developments in the Turkish economy

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      Author(s)
      Togan, Sübidey
      Gençkaya, Ö. F.
      Date
      2017
      Source Title
      Orient
      Print ISSN
      0030-5227
      Publisher
      Deutsches Orient-Institut
      Volume
      58
      Issue
      3
      Pages
      7 - 14
      Language
      English
      Type
      Review
      Item Usage Stats
      154
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      Abstract
      During the past fifteen years of Justice and Development Party's (AKP) rule Turkey has experienced important gains in income and living standards. Over the period 2002-2016, the real per capita income has increased by 78.5%, and the transformation into an industrial and service economy has been ongoing, with agriculture still accounting for 7.9% of GDP and 20.7% of total employment. However, Turkey's catch-up with advanced economies has slowed since 2008, and progress has increasingly diverged from the historic record of the 2002-2007 period. Furthermore, political developments within Turkey and in the surrounding region started to have lasting influence on economic developments in Turkey.
      Keywords
      Economic development
      Gross Domestic Product
      Living standard
      Local economy
      Turkey
      Permalink
      http://hdl.handle.net/11693/38024
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