Turkey: gross domestic product



The graph shows GDP expansion in Turkey between 1900 and 2008 (measured in Geary-Khamis dollars, also known as international dollars).

Global economic conditions and tighter fiscal policy measures introduced in 2008 caused GDP to contract in 2009 and cut the public-sector debt-to-GPD ratio to less than 50 per cent.

Well-regulated financial markets and a tightly supervised banking system carried the country through the world financial crisis, and GDP bounced back in 2010.

Turkish GDP expanded by 1.7 per cent in the third quarter of 2011 over that of the previous quarter.