IMF Staff Country Reports

Turkey: Recent Economic Developments

Publication Date:

December 3, 1996

Summary:

This paper reviews economic developments in Turkey during 1992–96. The Turkish economy rebounded in 1995, with real gross national product rising by 8.1 percent, reversing the decline of 6.1 percent in 1994. A strong pickup in activity in the second and third quarters of 1995 more than compensated for the continued weakness in the first quarter and a slight decline in the fourth quarter caused by uncertainty in the run-up to the elections. Industry performed strongly, with a growth rate of 12.1 percent, followed by services (6.4 percent) and agriculture (2.6 percent).

Series:

Country Report No. 1996/122

Subject:

Banking Commercial banks Economic sectors Expenditure Financial institutions Foreign exchange Imports International trade Public sector Securities