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Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
The manufacturing sector's contribution to Turkey's GDP has demonstrated notable fluctuations between 1990 and 2022, influenced by economic reforms, global trends, and domestic challenges. In the early 1990s, manufacturing accounted for over 22% of GDP, reflecting the sector's pivotal role in Turkey's industrialization. However, the late 1990s saw a decline to 20% by 1999, driven by economic instability and external shocks, including the 1999 earthquake that disrupted production.
The 2000s marked a continued downward trend, with manufacturing reaching a low of 15.2% in 2009 during the global financial crisis. Recovery efforts and industrial policy reforms boosted the sector's share, with a resurgence to 19.1% in 2018 and 2020. By 2021, the contribution climbed to 22.2%, fueled by export-driven growth and resilience amid global supply chain disruptions. This recovery underscores the sector's adaptability and importance in Turkey's economic framework.
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