Talk:Economy of Turkey

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[edit] Comments

[edit] update

the information on the article is mostly from the year 2002. it would be nice if somebody could update the information

[edit] Inflation rate

How high did inflation get in the 1990's when the situation was at its worst? -EnSamulili 11:56, 21 November 2005 (UTC)

[edit] GDP table from [1] has unreliable data

The table uses data from [2], which is unreliable as admitted in that page itself:

Note to users : Some IFS variables appear to experience a change of scale (units) across time. These are not footnoted. Please double-check units if there is any question. EconStats does not guarantee data accuracy.

Here is why I believe the data is incorrect:

  • It says the GDP (in units of trillion old Turkish liras) was 3,995,488,256 in 1989, 5,445,632 in 1990, 7,000,806,400 in 1991, 25,869,310 in 1992, 9,977,501,700 in 1993, 67,302,400 in 1994 and 9,750,301,700 in 1995. How can the GDP decrease and increase alternatingly every year for a period of 6 years?
  • Also, the table says the yearly growth in GDP was 75.9% in 1990, 60.3% in 1991, 73.5% in 1992, 81.3% in 1993, 95.2% in 1994 and 100.7% in 1995. How can this be consistent with the values quoted above? Should we believe in the GDP values or the percentage growth values?

Hence IMHO data from that table should not be used in Wikipedia. Thanks! -- Paddu 14:53, 21 May 2006 (UTC)

Turkey was under hyperinflation like Germany in 1920s. Why is it so difficult to understand? The new Turkish Lira arrived after 2000. Change of scale is irrelevant to current-priced data. It's relevant only in the context of constant prices of a particular base year. Both percentage changes and absolute values given are accurate. The percentages refer to changes in real output, not the current valuations of that output. What you believe is your humble POV, which is not necessarily more accurate than published figures of IMF Anwar 17:26, 21 May 2006 (UTC)
I am not talking about the new Turkish lira. I was very clear that the units were trillions of old Turkish lira.
I'd agree the GDP data was consistent with hyperinflation had the GDP absolute values in terms of the number of old Turkish liras kept increasing. Why did it decrease every alternate year in the data I quoted above? Was Turkey under hyperinflation every alternate year?
If the absolute value of GDP was in terms of the current value of the old Turkish lira, how could it differ from "real output"? Is "real output" measured differently for the different years?
BTW what is meant by the "accuracy of my POV"? I didn't present any data of my own! It would be nice if someone could explain the above things to a non-economist like me instead of simply accusing me of POV-pushing and vandalism. Thanks! -- Paddu 20:56, 21 May 2006 (UTC)
So let me talk of the "published figures of IMF". Refer to the PDFs in [3] and [4]. These don't give alternately rising and falling values for GDP both at market prices and at constant 1987 prices. So do we take the IMF's POV or econstats' POV? -- Paddu 21:17, 21 May 2006 (UTC)
Corrected. Thanks for the links. Your remarkable civility is noted, appreciated and reciprocated. Anwar 20:38, 23 May 2006 (UTC)
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