Download For a percentage of GDP, the Turkish government consumption

Macroeconomics
Project , Dec. 25th
( Turkey )
Mohammed Al-Otaibi
201100410
Omar Abdullah
201200201
Ahmed Baswaid
201101288
Gross Domestic Product and Its Components for Turkey (2000-2009)
Turkish economy like other economics longer active. Turkey ranks among the top
economies around the world where it's made of all product, textile, vehicles, ships,
electronics and home appliances. An addition to agriculture product which is in the
other countries as a first sources of economics. The Turkish government has a main
position in the growth of banking, industry, transport and communications. Recently
Turkey has record a great rustle in The private business sector and the public.
1. Gross Domestic Product (GDP)
The time form (2000 to 2009) in this table below shows the basics data of the Gross
Domestic Product (GDP).
Table (1) The Gross Domestic Product (GDP) in Turkey during the period from
2000 to 2009
GDP (constant 2000
GDP
million US$)
million US$)
(annual %)
(constant 2000 US$)
growth (annual %)
2000
251379.9
196105.3
-5.7
38946
-7.0
2001
266874.5
232534.6
6.2
40777
4.7
2002
280926.2
303005.3
5.3
42347
3.8
2003
307228.8
392166.2
9.4
45694
7.9
2004
333040.9
482979.8
8.4
48873
6.9
2005
355999.1
530900.1
6.9
51546
5.5
2006
372619.2
647155.1
4.7
53236
3.3
2007
375074.2
730337.5
0.66
52884
-0.66
2008
356973.6
614533.9
-4.8
49686
-6.0
2009
389661.5
731145.5
9.2
53560
7.8
Year
(current
GDP
growth
GDP
per
capita
GDP
per
capita
From the table (1) we can show the Gross Domestic Product ( GDP pieces level) in
Turkey throughout the time from 2000 to 2009, spending from 196105.3 million
U.S.$ to 731145.5 million U.S.$ so it's 3 folds approximately. See the Figure below
as well.
The increase in the production of goods and services, does not show or shows
nominal GDP. But, it is very important to use oblique to find R total GDP, the
comparison be at fixed prices. GDP is the amount each consumer of all additives
operators and workers in companies of the economy. Moreover, taxes on output and
products and minus any support is to increase the value of the products. Is calculated
by the amount of value added of any deductions or differences for depreciation of
fabricated assets or deterioration of natural resources and the descent. Information and
data are in current U.S. dollars. Are changed and convert numbers and figures to total
GDP of local currencies to the dollar, using a official exchange rates. There are a few
countries where the official exchange rate does not represent the application rate does
not reflect the good and effective for the actual foreign exchange transactions, and
another using a conversion factor. Sought GDP (gross domestic product at constant
prices) in Turkey during the period from 2000 to 2009 and U.S. $ 251,379,900,000 $
389,661,500,000. Only 1.3 folds that will be clarified through the graph (2) below.
Total GDP is the amount and value of Turkey roughly equivalent to 1.25 percent of
the global economy as a whole. The average GDP to 204.89 billion Turkey USD
reached an all time high of $ 773.09 billion in December of 2009 and a record low of
15.75 billion dollars in December of 1968. GDP (GDP) measure of national income
and output for a given country's economy. GDP (GDP) and this means the total gross
expenditure of all final goods and services produced in Turkey in a specified period of
time.
Turkey's annual growth rate is the amount and percentage of total GDP at market
prices, but on the basis of local currency unchanged. Aggregates apply to constant
U.S. dollars in 2000. Turkey's growth rate of GDP during 2000 were so low record 5.7% until it reaches an all time high of 9.4 percent in 2003 and a record level is too
low of -4.8% in 2008 and then another record in 2009 of 9.2 percent As shown in the
graph also (3).
Turkey GDP Annual Growth Rate averaged 4.04 Percent reaching an all time high of
12.60 Percent in March of 2010 and a record low of -14.70 Percent in March of 2009.
The annual growth rate in Gross Domestic Product measures the increase in value of
the goods and services produced by an economy over the period of a year. Therefore,
unlike the commonly used quarterly GDP growth rate the annual GDP growth rate
takes into account a full year of economic activity, thus avoiding the need to make
any type of seasonal adjustment.
GDP Annual Growth Rate:
The annual growth rate in Gross Domestic Product measures the increase in value of
the goods and services produced by an economy over the period of a year. Therefore,
unlike the commonly used quarterly GDP growth rate the annual GDP growth rate
takes into account a full year of economic activity, thus avoiding the need to make
any type of seasonal adjustment.
GDP per capita measure the standards of living for the Turkish people. GDP per
capita in constant prices has increased gradually from 38946 US$ in 2001 to 53560
US$ in 2010.
Turkey GDP per capita averaged 3145.76 USD reaching an all time high of 5740.64
USD in December of 2011 and a record low of 1556.00 USD in December of 1961.
The GDP per capita is obtained by dividing the country’s gross domestic product,
adjusted by inflation, by the total population.
Turkish GDP per capita Growth Rate during 2001 was so low record -7.0 Percent
reaching an all time high of 7.9 Percent during 2004 and another low record in 2009
of -6.0 Percent and then high record in 2010 7.8 Percent . GDP per capita growth rate
is depicted in the previous graph.
2. Household Personal Expenditures
The household individual disbursements is what the consumption spending during a
certain period.
Household expenditures from 2000 to 2009. See in the table below:
Year
Household expenditure (annual
Household expenditure (constant 2000
Household expenditure (%
% growth)
MILLIONS US$)
of GDP)
2001
-6.6
175539.4
67. 9
2002
4.7
183865.0
68. 4
2003
10.2
202578.3
71. 2
2004
11.0
224805.3
71. 7
2005
7.9
242455.5
71. 3
2006
4.7
253716.5
70. 5
2007
5.5
267672.2
70. 9
2008
-0.3
266824.8
69. 8
2009
-2.3
260740.0
71. 5
2010
6.7
278233.7
71. 2
Table above shows values which are whole commodities and services .
From table (2) it can be shown that the household personal consumption expenditure
(C constant prices) which is the market value of all goods and services, including
textile, vehicles, ships, electronics and home appliances purchased by ordinary
people.
The expenditures of household individuals disbursements in the turkey during 2000 to
2009 were 175539.4 million U.S.$ to 278233.7 million U.S.$
Household expenses, and it has another name, a consumer spending, is the amount of
money that families spend on goods and services in order to meet their own needs.
Purposes It is very important frameworks to check the health of the economy.
For example, when consumer spending is on the decline this means that the economy
is not working and not working very well.
In times of recession calm governments attempt to stimulate and promote consumer
spending, but any differently artificially, through support money and expand the tax
cuts. As a result, households spend more than they stimulate employment production.
Turkey PCE growth during 2000 was very low -6.6 until it reaches an all time high in
2003 and another record low in 2008 of 2.3 percent, but even hit a record high in 2009
of 6.7 percent as it seems Chart also (2).
For a percentage of GDP, the Turkish personal consumption ( C ) was very low
during 2000 of 68.0 Percent reaching all time high record during 2003 of 71.7
Percent. Personal consumption expenditure as a distributed of GDP is depicted in the
following graph.
3. General Government Final Consumption Expenditure (G)
Table (3) shows the data and the information of the whole government final
consumption expenditure (G) in the Turkish economy among the period from 2000 to
2009.
Table (3) The Government Expenditure (G) in Turkey
among the period from 2000 to 2009
Year
Government
government
government expenditure
expenditure
expenditure
(constant 2000 millions US$)
(% of GDP)
(annual %
growth)
2000
12.4
-1.06
30927.14
2001
12.7
5.8
32729.92
2002
12.2
-2.6
31875.23
2003
11.9
6.03
33799.99
2004
11.8
2.5
34641.64
2005
12.3
8.4
37563.81
2006
12.7
6.5
40016.41
2007
12.8
1.7
40716.11
2008
14.7
7.8
43883.63
2009
14.3
1.9
44759.73
From table (3) it shows that the whole government final consumption expenditure (G
) that includes the whole government current expenditures for buying of goods and
services ( this including compensation for the employees).
It also includes a lot of expenditures on security and national defense, but excludes
government military expenditures that is a part of government capital formation . In
Turkey throughout the time from 2000 to 2009, it expanded from 30927.14 million
US$ to 44759.73 million US$ that is about 1.3 folds as appears also from the Graph
below.
Consumption or government spending (which is also described as government
spending) is money that the amount of federal and state governments, and local
governments pay and spend on public services for all citizens. Government spending
comes at certain times and covers spending on goods and services such as defense,
justice and the educational system. So far, it excludes government transfers such as
unemployment benefits and social security.
Arrived in government spending to Turkey 2,308,906.18 try to reach the THO an all
time high of 3750112,50 TRY THO in November of 2009 and a record level is very
low 1471152,80 TRY THO in February of 1997. This table specifically includes a
chart with historical data for the Turkish government spending on some public goods
and services.
The prosperity and growth of government expenditures low consumption values of 1.06 in 2000 and 2002 to 2.6 and reached all time records from 8.4 in 2005, and this
can be illustrated in the graph of (2).
For a percentage of GDP, the Turkish government consumption spending (G) higher
in 2009 with 14.7 percent less in 2005 with 11.8 percent. The government described
and identified certain consumer spending as a percentage of GDP for each is
explained in the following chart.
4. Conclusion
Clarification and analysis contained in this work modest, we conclude that the
Turkish economy is a growing economy, according to its GDP aggregate real, and
that this state has a lot of ups and downs in the rate of growth of the local economy (in
2000 was -5.7%, in 2003 was 9.4%, in 2007 was -4.8% 9.2% 2009). The average
Turkish government expenditure to 14%, but its Turkey offers and put a good support
for the private sector in particular. The private sector, Turkey country was growing
very quickly, but also reduced the growth rate of the uncle 2000 until 2009 it was
clear also. Gaze, that the State of Turkey continues to play a major role and a clear
and important role in industry, banking, telecommunications, and transportation. In
addition to the personal household consumption is not very big so up -6.6% during
2000 and -2.3 in 2008 while it was 11% in 2003 and 6.7% in 2009. And the people's
living standard Turkish grow considerably over the past decade (2000-2009) with
GDP 7.8% in the rate of growth of per person per Turkish in 2009.
5. References
http://data.worldbank.org/
http://turkeyeconomy.blogspot.com/
http://ar.wikipedia.org/