"Armenia and Regional Cooperation Projects
Sedat Laçiner Saturday , 24 November 2007
Turkey’s economy is booming. GDP, being around 181 billion dollar in 2001; is estimated to be about 500 billion US dollar by the end of 2007. With the purchasing power parity (PPP) it will pass 750 billion US dollar. In other words, Turkey’s economy has grown almost three times in less than six years. The total volume of export was 31 billion dollar in 2001; by 2007 it passed 100 billion dollar. Furthermore growth in some sectors is quintuplicate. Turkey’s economy that was not able to allure foreign capital even in amount of 1-2 billion dollar in the past, now only in 2006 allured more that 20 billion dollars direct foreign capital. It is expected that for direct foreign investments to pass 20 billion dollar in 2007 too. Thus, Turkey became the 15. biggest economy in the world and 5. economy in Europe. Furthermore the process has not been stopped. It is foreseen that the growth speed will linger so on."
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