« Turkey’s Protests Send a Strong Message, But Will Not Bring Democracy | Main | Prospects for future economic growth »

June 20, 2013


TrackBack URL for this entry:

Listed below are links to weblogs that reference How well did the Turkish economy do over the last decade?:



as of today, with one USD fetching 1.92 TL, the nominal (or real) Turkish GDP measured in US dollars has shrunk about 7% compared to just 5 weeks ago.


Turkish economy...

Mert Kuntsal

Thanks for the post, it is helpful. However, I would like you to elaborate more on the definition "emerging and developing economies" given in the graph.

1) Who are these economies? How many countries have been taken into account? How were the values averaged? (Because different currencies are used in every country)
2) How was the population change in these countries? How is Turkey's real GDP per capita is doing compared to these countries? (Because Turkey's population hasn't changed much)

With these data, we can much better understand Turkey's position in the global economy. Any further input is appreciated Mr. Rodrik.


1/ what has been fueling the growth?
2/ is it sustainable?
3/ what does it mean to an avg person on the street?


I am no expert on these matters such as yourself. But I was under the impression that the best indicator of economic growth is based on comparative per person GDP figures in USD, normalized through PPP (purchasing power parity). That is in fact the method used by the IMF, the World Bank and OECD when they publish comparative growth figures for countries. Also, please correct me if I am wrong, but using these figures it can be asserted that the average income per person in Turkey has grown to levels of 2.5-3 times of the 2002 figures. Would you dispute that?

Saliha Kaya

Thank you Dani,for this discussion.It's necessary for the people of Turkey to view the facts...

Cemil Turun

Dear Prof. Rodrik, could you please elaborate more on your last sentence? What was the main cause of the change in domestic relative prices?

'Turkish real appreciation has little relation to the changes in its terms of trade, and seems to be driven largely by changes in domestic relative prices (nontradables versus tradables.)'



I not an expert on Turkey's economy... However, the 2013 IMF WEO database does provide some data for growth from 2002 to 2012.

GDP growth at constant prices - 62.57%
Per-capita GDP growth an constant prices - 43.3%
PPP GDP growth - 110.5%
Per-capita PPP growth - 85.56%

The PPP numbers are much higher. However, they are stated in terms of current dollars, not constant dollars.

From 2002 to 2012 the GDP deflator for the U.S. rose 25.154%. If you deflate the PPP numbers for Turkey using the U.S. GDP deflator you get numbers very close to the constant national currency (Lira) numbers for Turkey.

Tufan Kurt

I did a more extensive research about 24 developing economies(including Turkey) over 18 criteria to compare AKP's rule(2003-11) to previous coalitions period(1993-2002)using Worldbank data. It looks like on 10 of the criteria Coalition (1993-2002) performed better among developing economies vs AKP's 8. You can see details on my facebook page.And just to be clear i started to post it 3 days before this post and it is in Turkish if anyone is interested i ll be willing to help

Ertan Apaydin

You should analyze emerging economies exclude China.


Thanks for the post. Would it be possible for you to elaborate on the role legal reforms have played in encouraging foreign investment in Turkey.



China is an exceptional case, a comparison to emerging economies excluding China would make more sense. But still, a mere comparison to other developing economies should not be the only criteria to evaluate AKP's economic performance unless you wanna end up saying previous government has performed better although they have led Turkey into worst financial crisis in decades.


Thank you Dani,for this discussion.It's necessary for the people of Turkey to view the facts...

Watch Lone Survivor Full Movie
Watch 47 Ronin Full Movie
Watch Grudge Match Full Movie


http://www.mahapoker.com/ Dewa Poker http://www.mahapoker.com/ Permainan Poker http://www.mahapoker.com/support/carabermain.html Cara Bermain Poker http://www.mahapoker.com/ Poker Online http://www.mahapoker.com/ Game Poker http://www.mahapoker.com/ Poker Online Indonesia http://www.mahapoker.com/ Agen Poker http://www.mahapoker.com/ Poker Uang Asli http://www.mahapoker.com/ Agen Poker Online http://ligabebek.com Agen Bola - http://ligabebek.com Agen Bola Terpercaya - http://ligabebek.com Agen Sbobet - http://ligabebek.com Casino sbobet - http://ligabebek.com Sbobet - http://ligabebek.com Bola Tangkas http://tangkaspro.com/ Bola Tangkas http://tangkaspro.com/ Bola Tangkas Terpercaya http://tangkaspro.com/ Bola Tangkas Online http://tangkaspro.com/ Agen Bola Tangkas http://tangkaspro.com/ Bola Tangkas Online Indonesia http://tangkaspro.com/ Tangkas Online http://the-infinitygroup.com/ Poker Dewa http://the-infinitygroup.com/ Texas Holdem Poker http://the-infinitygroup.com/ Games Poker http://the-infinitygroup.com/ Zinga Poker http://the-infinitygroup.com/ Poker Texas Boyaa http://the-infinitygroup.com/ Dewa Poker Online http://the-infinitygroup.com/ Zyngapoker http://the-infinitygroup.com/ Holdem Poker http://the-infinitygroup.com/ poker online terpercaya http://walibola.com Agen Bola Terpercaya http://walibola.com Agen Bola Online http://walibola.com Situs Agen Bola Terpercaya http://walibola.com Agen Bola Tangkas http://walibola.com Agen Bola Sbobet http://walibola.com Sbobet http://walibola.com Ibcbet


Sebuah lurus http://walibola.com/ dengan hanya satu kartu Agen Bola Terpercaya adalah mungkin, tetapi juga Agen Bola Online tangan yang akan Agen Bola Indonesia Anda tertutup, karena Situs Agen Bola Terpercaya Anda memegang Agen Bola Tangkas kartu tertinggi Agen Bola Sbobet  waktu yang sama. Siapapun Ibcbet yang

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)