Turkey's 8 year economic growth trend ends in 2009

Turkey's 8 year economic growth trend came to an end, as the economy shrank 4.7% in 2009, revealed TURKSAT figures.

Turkey's 8 year economic growth trend ends in 2009

Turkey's 8 year economic growth trend came to an end, as the economy shrank 4.7% in 2009, revealed TURKSAT figures.

Turkish economy which recorded its highest growth rate of the last decade in 2004 with 9.4%, entered a declining trend in growth rates in 2005 and started showing signs of economic downturn in Q4 of 2008.

The growth rate which was 6.95% in 2006 gradually declined: down to 4.7% in 2007, and down to 0.7% in 2008, with the global financial crisis, and finally resulted with a 4.7% of contraction in 2009.

The highest conratction with constant prices was in construction industry with 16.3 percent.

The mining industry shrank 6.7 percent; manufacturing industry shrank 7.2 percent; whereas the decrease in electricity, gas, water generation and distribution was 3.5 percent, in wholesale and retail trade was 10.4 percent. The transportation, warehousing and communication industries shrank 7.1 percent.

The highest growth in 2009 was in fishery with 10.8 percent.

Growth rates in the Turkish Economy in the the last decade:

Years Growth Rate (%)
     1999 -3.4
     2000 6.8
     2001 -5.7
     2002 6.2
     2003 5.3
     2004 9.4
     2005 8.4
     2006 6.9
     2007 4.7
     2008 0.7
     2009 -4.7
    
    
     Sector Based Growth Rates in the last decade
    
     Years Production Energy Construction Commerce

     1999 -5.1 -1.5 -3.1 -9.2
     2000 6.9 6.0 4.9 7.5
     2001 -7.6 -3.4 -17.4 -16.1
     2002 2.9 3.3 13.9 6.9
     2003 8.4 4.9 7.8 11.4
     2004 11.9 7.1 14.1 13.8
     2005 8.2 14.1 9.3 9.5
     2006 8.4 8.6 18.5 6.3
     2007 5.6 6.8 5.7 5.7
     2008 -0.1 3.7 -8.1 -1.5
     2009 -7.2 -3.5 -16.3 -10.4
 

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Güncelleme Tarihi: 31 Mart 2010, 15:50

SeydiAli

YORUM EKLE