Turkey

Economic Survey of Turkey 2018

 

 

Overview of the economic survey of Turkey

 

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Turkish GDP per capita has continued to catch up with the more advanced OECD economies. Despite a series of adverse shocks including severe geo-political tensions at the southeastern border and an averted coup attempt in 2016, GDP growth averaged nearly 7% over 2010-17 (Figure 1, Panel A). Labour productivity now exceeds that of several other catching-up OECD economies (Panel B), notwithstanding the prevalence of low-productivity informal activity, especially in agriculture. This reflects the strong performance of a dynamic, albeit fragmented, business sector. Despite dynamic job creation and a labour force growing at above 3% per year, the employment rate of the working age population remains the lowest in the OECD. 

 

 

OECD Economic Surveys: Turkey 2018

For further information please contact the Turkey Desk at the OECD Economics Department.

The Secretariat’s draft report was prepared for the Committee by Rauf Gönenç, Volker Ziemann, Kurmaș Akdoǧan and M. Utku Ȍzmen under the supervision of Vincent Koen. Fatih Yılmaz, Seyit Mümin Cilasun and Mehmet Zahid Samancıoǧlu from the Structural Economic Research Department of the Central Bank of the Republic of Turkey contributed the firm-level analysis of the Thematic Chapter. Statistical research assistance was provided by Béatrice Guérard and editorial assistance by Mercedes Burgos and Sisse Nielsen.

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