Comparative Analyze for Turkish and Portuguese’s economies shall be presented within this article. The level of
minimum wages, the Gross Domestic Product (GDP), the place of both countries'
in the world economy will be addressed in this blog.
Turkey
The first Turkey’s economy will be discussed. Thus, Turkey is ranked as 55 out of 189 economies in the World Bank’s Doing Business 2016 Report
and placed above other high growth markets.
Turkey ranks 51 out of 140 in the Global
Competitiveness index 2015 compiled by the World Economic
Forum (WEF). In 2015 Turkey was ranked in the Transparency International corruption indicators as 66 out of 168 countries. Turkey placed
higher than Brazil, India and China, but below South Africa, Hungary and
Taiwan.
Read more...
It should be noted that Turkey is in the 18th place due to World GDP
list, with 735.16 billion USD in 2016. The GDP value of
Turkey represents 1.16 percent of the world economy. GDP in Turkey averaged
217.33 USD Billion from 1960 until 2015, reaching an all-time high of 823.24
USD Billion in 2013 and a record low of 8.02 USD Billion in 1961. GDP in Turkey
is reported by the World Bank Group.
Portugal
As was mentioned before Portugal economy was chosen as a
second.
Portugal ranked 38th in the WEF's Global
Competitiveness Report for 2015-2016. Portugal's ranking continuously
fell from 2005 to 2013 (with the exception of 2011), but recovered from the
51st position in 2013 to the 36th in 2014.
In 2015 Portugal was ranked in
the Transparency International
corruption indicators as 28 out
of 168 countries.Portugal is ranked as 25 out of 189 economies in the World
Bank’s Doing Business 2016 Report
and placed above other high growth markets.
The Gross Domestic Product (GDP) in Portugal was worth 205.860 billion USD in 2016, which is the 47th place in the World GDP
list. The GDP value of Portugal represents 0.32 percent of the world economy.
GDP in Portugal averaged 87.73 USD Billion from 1960 until 2015, reaching an
all time high of 262.01 USD Billion in 2008 and a record low of 3.19 USD Billion
in 1960.
Analyze
The indexes which was
mentioned above such World Bank’s Doing Business Report, The Global
Competitiveness index give a notion for sufficient understanding countries’
economy.
We can easily observe from data that Portugal has better indexes in order to Transparency International Corruption
indicators, WEF’s Global Competitiveness and World Bank’s Doing Business Reports. Portugal is in the ahead of current indexes in
comparing with Turkey.
It should be also noted that Turkey
take the lead for the GDP indicators
with the 735.16 billion USD in 2016, but the worth of same indicator in
Portugal was 205.860
billion USD, which is more
than 3.5 times less in comparing with Turkey.
Hope that the next articles will
be read with interest, too.
Vahid Masimov
No comments:
Post a Comment