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Turkey's Biggest National Security Threat Is Its Economy

If we take the USA, Germany, UK as reference.. Yes, it is good.
But, if we take the countries which we are in same league with, not.
What? What same league? China? India? We are not in the same league. China has a far smaşler GDP per capita than us, and more of the same goes for India.

It should be absolutely normal for them to grow faster than us in ratio.

Tell me any other country like our country that had grown their nominal GDP at about 9.6% or more for over a decade that now also has the same or more nominal GDP per capita as we have.
 
What? What same league? China? India? We are not in the same league. China has a far smaşler GDP per capita than us, and more of the same goes for India.

It should be absolutely normal for them to grow faster than us in ratio.

Tell me any other country like our country that had grown their nominal GDP at about 9.6% or more for over a decade that now also has the same or more nominal GDP per capita as we have.
I have already said Chinese GDP per capita was lower than us. I did not check Hindistan but sure theirs is much lower.

The growth rate of countries since the early 2000s is more or less the same as you can see here.
the-uk-and-the-european-union-brexit-examined-3-638.jpg


Again, GDP solely is not a good enough indicator in terms of the living quality standards. GDP per capita, GDP PPP is even better.

Still, if there is no equal share, those numbers do not mean much either.

I only look at the cost of living for the majority. I suggest you have a look here:
https://www.numbeo.com/cost-of-living/comparison.jsp
 
I have already said Chinese GDP per capita was lower than us. I did not check Hindistan but sure theirs is much lower.
So again, I am still waiting for a country name.

The growth rate of countries since the early 2000s is more or less the same as you can see here.
In the graph I see that GDP growths for countries "in value" and NOT "in ratio" are almost the same. And when a country with big GDP grows its economy as much "IN VALUE" as a country with a small GDP, that means the GDP growth "RATE" is actually much smaller for the country with the bigger GDP than the country with the small GDP.

Again, GDP solely is not a good enough indicator in terms of the living quality standards. GDP per capita, GDP PPP is even better.
Well that is why I calculated first growth rates for nominal GDP per capita and then for GDP PPP per capita.

Btw the PPP there does not stand for "per capita". It means "purchasing power parity".
So you need to add "per capita" after "GDP PPP".

And I had found an average growth rate of 8.2% for nominal GDP per capita and GDP PPP per capita right here:
https://defence.pk/pdf/threads/turk...at-is-its-economy.550731/page-3#post-10366335
As you can see there, the growth rate for both per capita values is "8.2%" yearly for all the 14 years from 2002 to 2016!

Still, if there is no equal share, those numbers do not mean much either.
Equal share can only happen in communist shitholes where every one is "equally" poor.

I only look at the cost of living for the majority. I suggest you have a look here:
https://www.numbeo.com/cost-of-living/comparison.jsp
Our cost of living is even lower than that of China! Every sollar means about 2.6 dollars of purchasing power in Turkey whereas every dollar means about 2.0 dollar of purchasing power in China! So that would mean every 1 dollar in china would mean 1.3 dollar of purchasing power in Turkey!

Here, your source:
https://www.numbeo.com/cost-of-livi...y&country2=China&city1=Istanbul&city2=Beijing

So as you can see from your own source, almost everything is far more expensive in Beijing than in Istanbul! And it says: "You would need around 11,965.07TL (18,843.24¥) in Beijing to maintain the same standard of life that you can have with 8,700.00TL in Istanbul (assuming you rent in both cities)."

So 12.000 / 8.700 = 1.37 ! Almost same as the ratio figure we had found before!

So that means our math checks out! ;)
 
What? What same league? China? India? We are not in the same league. China has a far smaşler GDP per capita than us, and more of the same goes for India.

It should be absolutely normal for them to grow faster than us in ratio.

Tell me any other country like our country that had grown their nominal GDP at about 9.6% or more for over a decade that now also has the same or more nominal GDP per capita as we have.
2017's China GDP per capita was 9K+.
 
What? What same league? China? India? We are not in the same league. China has a far smaşler GDP per capita than us, and more of the same goes for India.

It should be absolutely normal for them to grow faster than us in ratio.

Tell me any other country like our country that had grown their nominal GDP at about 9.6% or more for over a decade that now also has the same or more nominal GDP per capita as we have.
I mean no offense,but if turkish lira can't regain it's value soon ,the GDP per capita of Turkey may surpassed by China this year,with appreciation of the chinese yuan exchange rate and methods of calculating China's GDP switching to SNA 2008 after 2018
 
So again, I am still waiting for a country name.


In the graph I see that GDP growths for countries "in value" and NOT "in ratio" are almost the same. And when a country with big GDP grows its economy as much "IN VALUE" as a country with a small GDP, that means the GDP growth "RATE" is actually much smaller for the country with the bigger GDP than the country with the small GDP.


Well that is why I calculated first growth rates for nominal GDP per capita and then for GDP PPP per capita.

Btw the PPP there does not stand for "per capita". It means "purchasing power parity".
So you need to add "per capita" after "GDP PPP".

And I had found an average growth rate of 8.2% for nominal GDP per capita and GDP PPP per capita right here:
https://defence.pk/pdf/threads/turk...at-is-its-economy.550731/page-3#post-10366335
As you can see there, the growth rate for both per capita values is "8.2%" yearly for all the 14 years from 2002 to 2016!


Equal share can only happen in communist shitholes where every one is "equally" poor.


Our cost of living is even lower than that of China! Every sollar means about 2.6 dollars of purchasing power in Turkey whereas every dollar means about 2.0 dollar of purchasing power in China! So that would mean every 1 dollar in china would mean 1.3 dollar of purchasing power in Turkey!

Here, your source:
https://www.numbeo.com/cost-of-livi...y&country2=China&city1=Istanbul&city2=Beijing

So as you can see from your own source, almost everything is far more expensive in Beijing than in Istanbul! And it says: "You would need around 11,965.07TL (18,843.24¥) in Beijing to maintain the same standard of life that you can have with 8,700.00TL in Istanbul (assuming you rent in both cities)."

So 12.000 / 8.700 = 1.37 ! Almost same as the ratio figure we had found before!

So that means our math checks out! ;)

You seem to have not read my previous posts in this thread.

I did not say GDP per capita and GDP PPP are the same things. Probably misunderstood because of wrong punctuation or sentence structure..
China is a big country but still not a developed one.

In 2003 its GDP per capita was 1.288 USD
In 2016 was 8.123 USD. Even lower than us.
Their speed will get slower as it reach high levels. The higher GDP per capita, the lower economic growth speed.

I did not read the rest of your post...
@KediKesenFare , I think you took wrong figures. It is GDP PPP (Purchasing Power Parity), not GDP.
Bulgaria:
2002: 6600 USD
2016: 20600 USD
Growth rate: 3,12

Turkiye:
2002: 7000 USD
2016: 21100 USD
Growth rate: 3,02

.

China as i have said is not a developed country. That is why their GDP per capita is lower than us.
Try to compare our purchasing power with Italy, Portugal, Spain.

Equal share...

Equality does not mean everyone will get the same salary. It means being paid proportionally to how much you achieve/work. That is, equality among equals.. If loyalty comes before qualification/merit/competence, then there is unequality there. I am sure you have understood what i mean.
 
I did not say GDP per capita and GDP PPP are the same things. Probably misunderstood because of wrong punctuation or sentence structure..
I did not say GDP=GDP PPP
No I said "GDP PPP per capita" is not "GDP PPP". You seemed to imply that.
 
Despite The distorted calculation method, a simple way for everybody to understand it well.

The Inflation in 2017: %11.92

The Growth in 2017: %7.4
 
Despite The distorted calculation method, a simple way for everybody to understand it well.

The Inflation in 2017: %11.92

The Growth in 2017: %7.4
That sounds like cheap propaganda to me as I am sure you too know that real economic growth means "brute growth rate - inflation rate".

So by your numbers Turkey's real growth rate must be around 19%.

Lets look at the data (TUIK):
GDP per capita of 2016: 32.904 TL
Population in mid of 2016: 79.278k
So GDP in 2016: 2.608.563m TL

GDP per capita of 2017: 38.606 TL
Population in mid of 2017: 80.313k
So GDP in 2017: 3.100.564m TL

So brute growth rate:
3.100.564m / 2.608.563m = 1.19
1.19 - 1.00 = 0.19 = 19%.

As you see, economy grew 19% in 2017 but due to inflation of about 12% the real growth was about 7%.
 
Despite The distorted calculation method, a simple way for everybody to understand it well.

The Inflation in 2017: %11.92

The Growth in 2017: %7.4
But, well you may not understand yourself. Growth rate is being calculated after excluding inflation data. Total GDP growth in ₺ currency is nearly %20 if we include inflation.
 
Dont understand SHIT. So are these "problems" in the turkish economy fixable in a very short time, is the gov working on fixing these problems? Is the turkish economy growing or collapsing. i mean i dont understand anything seriously. Someone clarify me.
 
Dont understand SHIT. So are these "problems" in the turkish economy fixable in a very short time, is the gov working on fixing these problems? Is the turkish economy growing or collapsing. i mean i dont understand anything seriously. Someone clarify me.
If we calculate rates by TL (like Soul did above), we grew. If use USD, shrank.
 
http://www.hurriyetdailynews.com/tu...d-over-54-pct-year-on-year-in-february-129540

So only for January + February this year Turkey’s exports are worth 25,3$ billion total with a 10% year on year increase.
On the other hand imports increased with 29% and reached 40,5$ billion.

So Turkey’s trade deficit reached more than 15$ billion (60 billion TL) in just two months and it’s still the beginning of the year... Then on most TVs and newspapers some as* lickers will tell the people how fast the economy is growing and how great life is in Turkey and how all westerners are jealous of Turkey and bla, bla, bla... :D
 

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