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[Economy]


ECONOMY      



Turkish economy is one of the leading, big and rapidly developing economies of the world. Gross National Product (GNP) of Turkey was 299.475.000.000 US Dollars in 2004.

In the World Bank report of “World Development Indicators (1997)”, Turkey was indicated among ten markets which have the highest potential to develop and are regarded as the world’s rising giants. Also, according to the World Bank data, Turkey ranked 16th among 127 countries with an annual rise in per capita GNP by 2.9% on average, achieved between the years of 1980 and 1991. Turkey has become one of the most rapidly developing economies of the world, raising its GNP by 5.9% in 2003 and by 9.9% in 2004.

While the share of agriculture in GDP is declining, the share of industry is increasing constantly. When we analyze the GDP’s sectoral distribution in 2004, it is seen that the share of agriculture was 11.2 % and the share of industry was 24.9%.
At the end of 1960’s, the share of agriculture in national income was 30%, and the share of industry was around 19%. In parallel with the developments in the world economy, the share of service sector in national income increases constantly in Turkey, as well. While the share of service sector in GDP was below 50% before 1980, this rate increased to 63.9% in 2004.