Turkey outperforms Germany economically in the 21st century

 

Maddison project database (MPD) is a famous source of real GDP data for the whole world. Let's compare real GDP per capita for Turkey and Germany in 2022 as presented by the MPD (2023 version). The most recent period of relatively free development, say the 21st century, in these two countries can be best presented by the cumulative growth of real GDP per capita. Instead of presenting just the difference in the levels between 2022 and 2000, we show in Figure 1 the cumulative growth well illustrating the economic events in the 21st century. Overall, Turkey has been showing a higher growth in the real GDP per capita than Germany.  This is an outstanding result considering the fact that the media often describe Turkey as a failed economy. It is not! Turkey is running its economy effectively.

An average Turk added $16,000 to the pocket. German only $14500

Figure 1. Cumulative growth in real GDP pc since 2000.