Before and After 2002 in Turkish Economy in the Context of Main Economic and Financial Indicators

Abstract

This paper examines the perfomance of Turkish economy by using economic and financial indicators in the period from 1992 to 2011. To draw a comparison in the context of ten-year periods, the whole period is divided into two sub-periods, 1992-2001 and 2002-2011. The comparative analyses of the data set related to two sub-periods show that real GDP and per-capita GDP increased, trade openness rose, public incomes soared, public debt management successfully ran, public debt burden considerably lowered, the inflation and interest rates decreased, direct and indirect investments rose, the capacity utilisation rate expanded because of increasing industrial production and financial depth improved in the period during 2002-2011.