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The OECD Employment Outlook 2014 finds that while the impact of the global crisis was initially severe for Turkey, it was shorter than in the rest of the OECD area and there was a much sharper rebound. The unemployment rate was 9.1% in the first quarter of 2014 in Turkey, still above the OECD average (7.3%), but lower than in the pre-crisis period (9.4% in Q4 2007).
Turkey’s economy will grow stronger in the coming years, but remains overly dependent on domestic consumption funded by foreign finance, according to the latest OECD Economic Survey of Turkey.
Business dynamism has underpinned inclusive growth in the 2000s. Strong growth without widening external imbalances calls for structural reform in the business sector to boost productivity and allow firms to better compete in export markets and at home.
Specific country notes have been prepared using data from the database OECD Health Statistics 2014, June 2014 version. The notes are available in PDF format.
This database provides information on environmentally related taxes, fees and charges, tradable permit systems, deposit refund systems, environmentally motivated subsidies and voluntary approaches used in environmental policy in OECD member countries and a number of other countries. Developed in co-operation between the OECD and the European Environment Agency.
Organised in Istanbul, this event focused on financial education across Europe and in Turkey, the role(s) of the private and not-for-profit sectors in financial education, financial literacy and innovation for young people and financial education for migrant workers and their families.
Following recent Turkish media reports, the OECD would like to clarify that it has published no recent review of Turkey. The publication of the 2014 Economic Survey of Turkey is planned for July.
The average worker in Turkey faced a tax burden on labour income (tax wedge) of 38.6% in 2013 compared with the OECD average of 35.9%. Turkey was ranked 16 of the 34 OECD member countries in this respect.
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Analysis for Turkey from OECD trade facilitation indicators that identify areas where countries can improve border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade.
Turkey has demonstrated good resilience during the financial and economic crisis though growth has been slowing more recently. Policy challenges include addressing infrastructure shortfalls, improving access to quality education, and achieving a better balance in social protection in order to foster job creation and employment in the formal sector.