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What was the GDP for 2004?

What was the GDP for 2004?

14.61 trillion
US gross domestic product in trillions of chained 2012 dollars (inflation-adjusted).


Date Value
Dec 31, 2004 14.61 trillion
Dec 31, 2003 14.13 trillion
Dec 31, 2002 13.55 trillion
Dec 31, 2001 13.28 trillion

What happened to the economy in 2004?

Real GDP grew 4.4 percent in 2004, the strongest since 1999. Industrial production at an index of 115.5 rose above the 2000 high of 115.4, with gains in major categories except mining. The capacity utilization rate of 78.0 was the highest since 2000’s 82.0. Manufacturers’ new orders at 365.7 billion reached a new high.

What is the GDP of Turkey in 2021?

around 806.8 billion U.S. dollars

In 2021, GDP in Turkey amounted to around 806.8 billion U.S. dollars.

What was the GDP in 2005?

$745.1 billion
Current-dollar GDP increased 6.4 percent, or $745.1 billion, in 2005. Current-dollar GDP increased 7.0 percent, or $763.1 billion, in 2004. During 2005 (that is, measured from the fourth quarter of 2004 to the fourth quarter of 2005), real GDP increased 3.1 percent. Real GDP increased 3.8 percent during 2004.

Which country has lowest GDP?

In 2021, Burundi reported the lowest per-capita GDP ever, closely-followed by South Sudan and Somalia.
The 20 countries with the lowest gross domestic product (GDP) per capita in 2021 (in U.S. dollars)

Characteristic GDP per capita in U.S. dollars
Burundi 272.14

Which country has highest GDP?

United States
GDP by Country

# Country Share of World GDP
1 United States 24.08%
2 China 15.12%
3 Japan 6.02%
4 Germany 4.56%

Was the economy good in the 2000s?

Despite two periods of recession in the past decade, U.S. worker productivity still rose 18% in the 2000s – about 2.5% per year, according to author Jared Bernstein, a widely followed economist from the liberal-leaning Economic Policy Institute.

How was the US economy in 2005?

Economic growth weakened unexpectedly in the fourth quarter of 2005, rising 1.1 percent, the slowest pace in three years, and clouding the immediate outlook for the economy, the government reported yesterday.

What will Turkey do in 2023?

First, Turkey aims to achieve all EU membership conditions and become an influential EU member state by 2023. Second, it will continue to strive for regional integration, in the form of security and economic cooperation. Third, it will seek to play an influential role in regional conflict resolution.

Is Turkey First World country?

Turkey is a first world country with a functioning democracy, capitalist economy, and a high standard of living. Turkey has been a US ally and NATO member since 1952.

Which country will be the richest in 2025?

Luxembourg: USD 143,203 per capita in 2025
We forecast Luxembourg to be the world’s wealthiest economy in 2025 in nominal GDP terms (at market exchange rates).

What was GDP in 2006?

$798.1 billion
Current-dollar GDP increased 6.4 percent, or $798.1 billion, in 2006. Current-dollar GDP increased 6.3 percent, or $743.3 billion, in 2005. During 2006 (that is, measured from the fourth quarter of 2005 to the fourth quarter of 2006), real GDP increased 3.4 percent. Real GDP increased 3.1 percent during 2005.

Is Turkey a poor country?

The World Bank classifies Turkey as an upper-middle income country in terms of the country’s per capita GDP.

What is the poorest EU country?

1. Ukraine. With a per capitaper capitaPer capita is a Latin phrase literally meaning “by heads” or “for each head”, and idiomatically used to mean “per person”. The term is used in a wide variety of social sciences and statistical research contexts, including government statistics, economic indicators, and built environment studies. › wiki › Per_capitaPer capita – Wikipedia GNI of $3,540, Ukraine is the poorest country in Europe as of 2020.

Is Turkey a rich country?

What happened to the economy in 2003?

2003 saw a small gain of a mere 105,000 jobs. Unemployment rose from 4.2% in February 2001 to 5.5% in November 2001, but did not peak until June 2003 at 6.3%, after which it declined to 5% by mid-2005.

When was the Great Depression end?

August 1929 – 1939The Great Depression / Time period

What caused the 2008 market crash?

The stock market crash of 2008 was a result of defaults on consolidated mortgage-backed securities. Subprime housing loans comprised most MBS. Banks offered these loans to almost everyone, even those who weren’t creditworthy. When the housing market fell, many homeowners defaulted on their loans.

What caused 2008 financial crisis?

What Caused the 2008 Financial Crisis? The 2008 financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When the bubble burst, the banks were left holding trillions of dollars of worthless investments in subprime mortgages.

Why is Saudi Arabia against Turkey?

During the Syrian Civil War, Turkey and Saudi Arabia support the Syrian opposition against the Iranian-backed President Bashar al-Assad, but Turkey has sought to back the moderate forces, and Saudi Arabia has supported the radicals in the opposition and so tensions are caused between both countries.

Is Turkey rich in oil?

Oil Production in Turkey
Turkey produces 66,308.27 barrels per day of oil (as of 2016) ranking 58th in the world. Turkey produces every year an amount equivalent to 7.8% of its total proven reserves (as of 2016).

Why is Turkey so important?

Turkey pays great importance to regional peace, stability and security among Balkan countries. Political, economic and security integration of the Balkans with Europe is essential for the maintenance of a viable and permanent peace in the Balkans. Turkey also supports the new international initiatives in the area.

Is Turkey in any debt?

The country’s gross non-financial-sector debt has more than quadrupled, rising from $211 billion in 2000 to $871 billion in 2020. By comparison, the country’s GDP only expanded by 270% in US dollar terms. As a consequence, the total debt burden of the economy increased from 77% of GDP in 2000 to 129% in 2020.

Who will rule the world in 2050?

1. China. And, to one’s surprise, China will be the most powerful economy in the world in 2050. But this did not take PwC to come up with this conclusion.

Who are the 5 superpowers in the world?

The world’s most powerful countries also are the ones that consistently dominate news headlines, preoccupy policymakers and shape global economic patterns.

  • United States. #1 in Power.
  • China. #2 in Power.
  • Russia. #3 in Power.
  • Germany. #4 in Power.
  • United Kingdom. #5 in Power.
  • South Korea. #6 in Power.
  • France. #7 in Power.
  • Japan.