2000s Turkish economic boom
'Economic period in Turkey'
The Turkish economic boom of the 2000s (also known as the Turkish economic miracle) was a period of stabilization and growth following the 2001 Turkish economic crisis. 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. The Turkish economy saw relative prosperity during the 2008 financial crisis and the Great Recession and grew 8.8% in 2010, and 9.2% in 2011.
Turkey saw a decrease in unemployment rates, an increase in education rates, and higher life expectancy throughout the country. Turkey's continued economic growth throughout the 2000s was due to multiple factors, including a string of reforms inaugurated by then-Minister of Economic Affairs, Kemal Derviş.
Recovery and progression after the 2001 economic crisis
The launch of new economic programs
In the spring of 2001, the Turkish government launched a number of macroeconomic policies under the new economic program. These new medium-term policies led to recovery within the country and the later rise of real GDP in the second quarter of 2002. The most significant contributor to the rise in real GDP was the recovery of domestic demand due to the resurgence of the investment sector.
New government structure and work with the International Monetary Fund
The Turkish government changed significantly after the 2002 Turkish General elections, when the new AKP political party was elected, removing the DSP, ANAP and MHP parties who had political power in the 1990s. Following this election, the political landscape of Turkey became much less varied, as the AKP had a majority of the power.
“2000s Turkish economic boom” enters the record as 'Economic period in Turkey'. Crown Archives preserves that source wording while asking what 2000s, Turkish and economic can confirm, complicate or overturn.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Sep 24, 2026. The linked authority identifier is Q60752896. None of the 0 selected statements returned an explicit reference. The first chronological checks are 2001, 2002, 2007 and 2008.
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This entry incorporates text from “2000s Turkish economic boom” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.