One economic term that recurrently pops up in the media is Gross Domestic Product (GDP). What, then, is GDP? And what can we say about the economic performance of Turkey looking at the growth rate of her GDP? Gross Domestic Product is the name economists give to the aggregated monetary value of all the final […]
Starting with late 1990s, the composition of tax revenues of Turkey has transformed significantly, beginning to rely increasingly on indirect taxes.
During the last decade, compared to the 1990s, Turkey experienced a significant expansion in the volume of foreign trade (combined imports and exports).
If there is a continuous increase in the overall price levels in a country, the economists call this inflation (deflation, if the opposite occurs).