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Turkey is recovering from its most severe recession in several decades.
In the 2000s, Turkey has enjoyed rapid catching–up. This was possible despite the adverse business environment, as the semi–formal and informal economy had a significant contribution to the expansion of the private sector.
The unique OECD peer review process has helped improve public policy. It assesses how countries manage the design, adoption and enforcement of regulations according to a conceptual framework. It ensures comparability while taking account of institutional and cultural differences across countries.
As part of its ongoing work on the mutual agreement procedure (MAP) under tax treaties, the OECD makes available to the public annual statistics on the MAP caseloads of member countries and of certain non-OECD economies. MAP statistics have now been released for 2008 and 2009.
Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs.
Summary of Economic Surveys of Turkey
Turkey was directly affected by the global crisis but showed considerable resilience since then. The strong macroeconomic policy framework provided support. With the recovery under way, a golden opportunity for structural reforms arises from the sharp drop in capital costs.
This review analyses the broad range of energy challenges facing Turkey and provides critiques and recommendations for further policy improvements.
This page contains all information relating to implementation of the OECD Anti-Bribery Convention in Turkey.
Turkey has made significant progress in its efforts to combat bribery in international business deals by fully implementing all but one of the recommendations made by the OECD Working Group on Bribery since 2007.