“Output gap” is one of the indicators used to gauge to what extent a country is able to mobilize its productive potential.
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Output Gap
Balance of Current Account from a Comparative Perspective
In this entry, we compare Turkey’s post-2005 performance in current account balance with three other comparable developing or “emerging” economies: Mexico, Indonesia, and Nigeria.
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Tax Revenues from a Comparative Perspective
Tax revenues constitute a significant share of budget revenues.
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Transfer Payments
During the past decade, or to be more precise since 2003, the most significant transformation in Turkey’s government expenditures is the gradual decline in interest payments (both in absolute terms and as a proportion of overall expenditures) accompanied by a gradual increase in transfer payments.
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Budget Balance of Turkey
Observing the trend of Turkey’s Budget Balance from 2003 to 2012 (at 2003 basic prices), we note that the government presistently gives a budget deficit
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Budget Expenditures
Just like households, governments also have a budget that negotiates revenues streams with expenditures.
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Budget Revenues
Just like households, governments also have a budget that negotiates revenue streams with expenditures.
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Savings and Investments
When considering the economy of a country at a national scale, as a macroeconomic whole, economists investigate the way a country spends its overall income (GDP) in four components.
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Balance of Current Account
Balance of Current Account shows to what extent national (private and public) savings covers (private and public) investment of a country.
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Regional Unemployment Rates
As we have discussed previously, different sectors of a society experience unemployment differentially.
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Foreign Trade from a Historical Perspective
During the last decade, compared to the 1990s, Turkey experienced a significant expansion in the volume of foreign trade (combined imports and exports).
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Exports and Imports
By studying the key foreign trade lines of a country, we are able to see how that economy is articulated with and dependent on the global economy.
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Inflation
If there is a continuous increase in the overall price levels in a country, the economists call this inflation (deflation, if the opposite occurs).
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Inflation from a Historical Perspective
If there is a continuous increase in the overall price levels in a country, the economists call this inflation (deflation, if the opposite occurs).
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Youth Unemployment Rates
As we have discussed in our entry on the Unemployment Rate in Turkey, this is one of the most important indicators of the health of an economy. The unemployment rate is calculated by dividing the number of unemployed with the total labor force.
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