[3] The most significant contributor to the rise in real GDP was the recovery of domestic demand due to the resurgence of the investment sector.
[5] In 2002, the International Monetary Fund agreed to lend Turkey roughly $16 billion over the following three years in an attempt to lower governmental debts by creating a surplus in budget revenues.
[3] The increases in private investments and the productivity of workers were two relevant factors that likely contributed to the long term economic growth in Turkey in 2004 and beyond.
[3] In the early 2000s, the Turkish Lira experienced significant depreciation,[3] and along with the improvement in external competitiveness and finance, Turkey saw a rise in their total exports.
[8] In total, the number of products and goods and services exported from Turkey, in terms of volume, rose roughly 7% in both 2002 and 2003.
The central bank decided to make price stability in the country a priority and succeeded as the annual inflation rate declined from 54.2% in 2001 to around 8.8% in 2007.