ECONOMIC DEVELOPMENT

IN TURKEY AFTER 2002

Hasan Bilici
Sinem Sonugr
Merve Doaner
OUTLINE
I. Introduction
a. Significance of the Topic
b. Objective of the Presentation
c. Literature Review
II. General Economic Indicators: 2002-2012
a. Employment Trends
b. Growth
c. External Trade
d. FDI
e. External Debt
III. Impacts of 2008 Crisis
a. Impacts of 2008 Economic Crisis in Financial Markets
b. Impacts of 2008 Economic Crisis in Real Economy
IV. Conclusion
I. INTRODUCTON

a. Significance of the Topic

. Did the Turkish economy develop or undevelop ?

b. Objective of the Presentation

. To show in the field of main macroeconomic key

developments after 2002
c. Literature Review

RESEARCH PERIOD WEIGHT

zveren (2012) 2001-2005 Post-2002

Ay&Karaor (2012) 2001-2005 Equally

ieklita (2012) 2002-2012 Post-2002

Birdal (2012) 2002-2012 Equally

Akdemir (2008) 2000-2007 2002-2007

zmen (2009) 1980-2008 2002-2008

Gerni (2008) 1980-2006 2002-2006

Ykseler (2009) 1994-2009 Equally

Yldrm (2010) 2007-2009 2008

II. GENERAL ECONOMC INDCATORS: 2002-2012

a. Employment Trends

. 2001 crisis: unemployment rate

. Low level of agricultural sector

Participation people to labor force
Current account deficit

. Justice and Development Party s

implementations
 Annually Turkeys Unemployment Rate

Source: TUK
b. Growth

Annualy GDP Rate

Source: TUK
c. External Trade

Annually Export Rate

Source: TM
d. Foreign Direct Investment

Source: T.C. Merkez Bankas

e. External Debt

Source:www.hurriyetdailynews.com
III. IMPACTS OF 2008 CRSS

Mortgage Crisis in mid 2007

Effects of global economic crisis in Turkey:

Financial Markets
Real Economy
 a. Impacts of 2008 Economic Crisis in
Financial Markets
More than in second half of
Value of the Turkish currency 2008 to second half of 2007

Value of the Turkish currency After October 2008

Global Crisis: Consumer Price Index (Annual %)

Source:T.C. Merkez Bankas

 b. Impacts of 2008 Economic Crisis in Real
Economy
GDP: 4.6% 2007

GDP : 0.9% end of 2008

Growth Rate

Source: TUK
 Capacity Usage Rate

Source: TUK

Number of stores which are opened and closed

Source: TUK
 Number of employed persons more than August
2008 to August
Number of unemployment person 2007

Unemployment rate: 9.2% on August

2007
Unemployment rate: 9.8% on August
2008
Confidence Index: 101.2 November 2007

Confidence Index : 54.6 November 2008

IV. CONCLUSON

Turkish economy as showing a successful

growth performance had growth 5-6% in last
ten years except the year global economic crisis
had happened in 2008.