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Between 2002 and 2007, Turkey's economy experienced an average growth rate of 7.2%, much higher than the average growth rate during the nineties. [1] The Turkish economy saw relative prosperity during the 2007–2008 financial crisis and the Great Recession and grew 8.8% in 2010, and 9.2% in 2011. [1]
Inflation has been a persistent challenge for the Turkish economy, with rates fluctuating between 6% and 25% in the last two decades. The depreciation of the Turkish lira has been a major factor contributing to inflation, as well as external factors such as fluctuations in oil prices and global trade tensions.
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
The move means there have now been 3,650 basis points of cumulative interest rate hikes in Turkey since the May 2023 presidential elections—but that still hasn’t been enough to tackle inflation.
Annual inflation in Turkey hit 73.5% in May, the highest rate since 1998, according to official data released Friday as a cost-of-living crisis in the country deepens. The Turkish Statistical ...
Turkey’s central bank hiked its key interest rate by a surprisingly large 7.5 percentage points to 25% Thursday, signaling a new determination to address rebounding inflation as part of a ...
Change in per capita GDP of Turkey, 1913–2018. Figures are inflation-adjusted to 2011 International dollars. [citation needed] Turkey's CO2 emissions growth compared GDP growth General government net debt as percentage of GDP for selected European countries, including Turkey View from Levent business district in Istanbul, Turkey's largest GDP city View from Söğütözü business district in ...
Inflation in Turkey soared to nearly 70% in April, official data showed Thursday, as skyrocketing prices eat away at earnings and put even basic necessities out of reach for many households. The ...