Turkey’s dynamic economy is a cautious blend of public and private participation, as from public controlled economy it has slowly shift ed into more private participated one. The country registered a GDP growth rate of 5% in 2006, reaching $361 billion in 2005, and is expected to continue the same trend in 2007 as well (as per IMF projections). Although, in the year 2005, agriculture contributed 12% and industries 30% to GDP, it was the services sector, especially tourism (that recorded revenues of over $18 billion), which not only contributed 58% to GDP, but also improved the countries’ competitiveness index. Turkey, at present, has become 59th most competitive economy in the world as per IMF’s Global Competitiveness Index 2006. Clearly, a marked jump from its 71st rank in 2005. As Jose Angel Gurria, Secretary- General, OECD says while unveiling Economic Outlook on Turkey on October 16 this year, “Among the OECD members, Turkey’s economy had performed the best in the past few years, after its economic crises.”
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
