Turkish Economy

How did Turkey come out of the Global Financial Crisis

so Fast and so Strongly ?

Dr. Nevzat Erenİstanbul Chamber of Commerce

GROSS DOMESTIC PRODUCT- BY KIND OF ECONOMIC ACTIVITY (IN CONSTANT PRICES) - QUARTERLY

 2009 2010 2011

  I II III IV I II III IV I II III IV

Manufacturing -22.4 -11.7 -4.4 12.7 22.0 15.4 7.2 11.3 14.9 9.1 9.2 5.2

Electricity, Gas and Water Supply -6.1 -5.8 -4.6 1.5 2.4 8.3 11.4 6.5 12.3 5.9 6.8 10.5

Construction -18.5 -20.9 -18.2 -6.5 9.0 21.7 23.7 18.7 15.3 13.0 10.2 7.0

Wholesale and Retail Trade -26.4 -15.2 -7.1 10.4 21.2 14.0 7.5 13.4 17.3 14.2 11.5 3.9

Financial Intermediation 10.6 7.5 7.8 8.3 3.5 6.8 6.7 9.7 10.0 9.2 12.9 6.8

Gross Domestic Product -14.7 -7.8 -2.8 5.9 12.6 10.4 5.3 9.3 11.9 9.1 8.4 5.2

2008 2009 2010 2011

Final Consumption Expenditure of Resident Households-0,3 -2,3 6,7 7,7Government Final Consumption Expenditure 1,7 7,8 2,0 4,5 Compensation of Employees -0,4 1,4 1,2 3,9 Purchases of Goods and Services 3,9 13,9 2,7 5,0Gross Fixed Capital Formation -6,2 -19,0 30,5 18,3 Public Sector 12,7 -0,6 17,7 -3,2 Machinery-Equipment 20,1 -13,3 12,2 -9,7 Construction 10,6 3,4 19,1 -1,6 Private Sector -9,0 -22,5 33,6 22,8 Machinery-Equipment -7,0 -22,9 42,8 25,8 Construction -12,4 -21,9 17,7 16,4Exports of Goods and Services 2,7 -5,0 3,4 6,5Imports of Goods and Services (-) -4,1 -14,3 20,7 10,6Gross Domestic Product 0,7 -4,8 9,2 8,5

GROWTH, By Expenditures

Source : Ministry of Finance.

EUROPEAN UNION

(CUSTOMS UNION)

MAJOR TRADE PARTNER

THE ISTANBUL CHAMBER OF COMMERCE

THANK YOU