DOING BUSINESS IN TURKEY
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Doing Business in Turkey<br />
7<br />
MACRO ECONOMIC<br />
<strong>IN</strong>DICATORS<br />
COMPARASION OF<br />
<strong>TURKEY</strong>’S GDP<br />
Between 2005-2015:<br />
• Turkey’s GDP increased by<br />
45% to USD 720 billion in<br />
nominal value.<br />
• Annual average real GDP<br />
growth is 3.8%.<br />
• The share of the budget<br />
deficit in GDP has fallen from<br />
10% to 0.1%.<br />
In terms of comparasion;<br />
Source: World Bank<br />
• Compound Annual Growth Rate (CAGR) of Euro Area is 3.1% whereas the<br />
same ratio is 6.2% in Central Europe .<br />
• CAGR of Turkey is 6.4% and higher than MENA Region where it is 4.3%.<br />
GDP BY COMPONENTS<br />
• 3.87% increase in private consumption is observed per<br />
annum between 2000 and 2015.<br />
• 6.13% increase in<br />
government consumption<br />
is observed per annum<br />
between 2000 and 2015.<br />
• 3.12% increase investment<br />
is observed per annum<br />
between 2000 and 2015.<br />
• 3.68% increase in net<br />
exports is observed per<br />
annum between 2000 and<br />
2015.<br />
Source: Turkstat<br />
Centrum Consulting | 2017
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