2000s Turkish economic boom

The Turkish economic boom of the 2000s (also known as the Turkish economic Miracle) refers to a period of stabilization and growth following the 2001 Turkish economic crisis. Between 2002 and 2007, Turkey's economy experienced an average growth rate of 7.2%, much higher than the average growth rate during the nineties. The Turkish economy saw relative prosperity during the 2008 financial crisis and the Great Recession and grew 8.8% in 2010, and 9.2% in 2011.

Turkey saw a decrease in unemployment rates, an increase in education rates, and higher life expectancy throughout the country. Turkey's continued economic growth throughout the 2000s was due to multiple factors, including a string of reforms inaugurated by then-Minister of Economic Affairs, Kemal Derviş.

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