- Latest Popular Stories, Instablogs Community by Adem82 http://adem82.instablogs.com/ - Latest Popular Stories powered by Instablogs Community. http://www.instablogs.com/site-img/insta-slogo.gif Instablogs Community http://adem82.instablogs.com/ en-us Instascript 2.0 http://www.instablogs.com Wed, 12 Mar 2008 12:33:36 +0000 Unveiling Turkey’s uncalculated richness http://adem82.instablogs.com/entry/unveiling-turkey%e2%80%99s-uncalculated-richness/ http://adem82.instablogs.com/entry/unveiling-turkey%e2%80%99s-uncalculated-richness/ Adem

The Turkish Statistics Institute (TurkStat) has already announced the “new” gross domestic product (GDP) accounts, aiming at revising the extension of national income coverage and improving methodology. In that regard, revised accounts, which...

]]> The Turkish Statistics Institute (TurkStat) has already announced the “new” gross domestic product (GDP) accounts, aiming at revising the extension of national income coverage and improving methodology.
In that regard, revised accounts, which now use 1998 as the base year (the previous base year was 1987), represent major improvements in the consistency of the data, enabling international comparability of figures. The new GDP figures are in compliance with the European System of Accounts (ESA-95), a system deemed more comprehensive.

According to declared figures, as of 2006, the new GDP figure posted an increase of 31.6 percent, amounting to YTL 758.4 billion, up from YTL 576.3 billion in the previous account. The new series’ data show an average annual growth of 7.5 percent during 2002-2006, compared to 7.1 percent in the previous account set.

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