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 Growth and Employment: The annual average Gross National Product (GNP) growth rate of the Turkish economy was 5.3% during 1980-1990 and 4.5% during 1990-1998, a much better performance than the world average. Although the economy receded by 3.1% during 1999-2001 as a result of the financial crises of the period, it successfully recovered and maintained an annual average growth rate of 7.4% since 2002. |
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| The Gross Domestic Product (GDP) registered a growth rate of 8.9% in 2004, as a result of significant rise in special consumption as well as substantial increases in fixed capital investments by the private sector. On the other hand, the GNP growth rate of 9.9% registered in 2004 was the best performance since 1966. The growth in GDP in 2005 had been 7.4%. The basic reason for that high growth has been the private consumption and private sector fixed capital investments. The increase in the GNP at 2005 had been 7.6%, and in 2006 it had been 6% by the growth trend continued 20 quarters consecutively. In 2006, the growth rate in GDP had been 6.1%. At the growth rate of 2006, the contributions of private consumption and investments had decreased compared with the previous years, but the contribution of net export had turned to positive after five years. |
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| The share of agriculture in the GDP receded from approximately 25% at the beginnings of 1980s to 14.1% in 2000, and to 9.2% in 2006. On the other hand, the share of industry in the GDP, which was 19.3% in 1980, increased to 23.3% in 2000 and to 25% in 2006. The services sector also increased its share in line with the developments in the world economy. While the services sector had a share of less |
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than 50% in the GDP before 1980, this figure rose to 62% in 2000 and to 65.3% in 2006. Considering the sectors, in 2006, the added value of agriculture, industry, and service sectors have increased 2.9%, 7.4%, and 6.1%, respectively. Meanwhile, the added value created by the construction sector increased by 19.4%, making a substantial contribution to the GDP growth rate. |
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| As far as the services sector is concerned, the trade sub-sector is the fastest growing one in terms of contributions to national income. This sub-sector also comprises the tourism |
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