Macroeconomic Performance of the Republic of Turkey

1
Macroeconomic Performance of the Republic of
Turkey

• Prepared by Blagoy Kitanov
• Venera Nikolaeva

2
Background information

• Upper middle-income country and a dynamic
  emerging-market economy
• Member of the OECD
• Founding member of the G-20
• Joined the World Bank in 1947
• The World Banks largest borrower in the Europe
  and Central Asia Region

3

• From agriculture and heavy industry to
• Since December 31, 1995, the country is part of
  the EU customs union
• EU accession negotiations were opened in October
  2005, but have made slow progress

4

• In transition from a high degree of reliance on
  agriculture and heavy industrial economy to a
  more diversified economy with an increasingly
  large and globalized services sector