Keep Us Strong WikiLeaks logo

Currently released so far... 97115 / 251,287

Articles

Browse latest releases

Browse by creation date

Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z

Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETRD EAGR ETTC EAID ECON EFIN ECIN EINV ELAB EAIR ENRG EPET EWWT ECPS EIND EMIN ELTN EC ETMIN EUC EZ ET ELECTIONS ENVR EU EUN EG EINT ER ECONOMICS ES EMS ENIV EEB EN ECE ECOSOC EK ENVIRONMENT EFIS EI EWT ENGRD ECPSN EXIM EIAD ERIN ECPC EDEV ENGY ECTRD EPA ESTH ECCT EINVECON ENGR ERTD EUR EAP EWWC ELTD EL EXIMOPIC EXTERNAL ETRDEC ESCAP ECO EGAD ELNT ECONOMIC ENV ETRN EIAR EUMEM ENRGPARMOTRASENVKGHGPGOVECONTSPLEAID EREL ECOM ECONETRDEAGRJA ETCC ETRG ECONOMY EMED ETR ENERG EITC EFINOECD EURM EENG ERA EXPORT ENRD ECONEINVETRDEFINELABETRDKTDBPGOVOPIC EGEN EBRD EVIN ETRAD ECOWAS EFTA ECONETRDBESPAR EGOVSY EPIN EID ECONENRG EDRC ESENV ETT EB ENER ELTNSNAR ECHEVARRIA ETRC EPIT EDUC ESA EFI ENRGY ESCI EE EAIDXMXAXBXFFR EETC ECIP EIAID EIVN EBEXP ESTN EING EGOV ETRA EPETEIND ELAN ETRDGK EAIDRW ETRDEINVECINPGOVCS EPEC ENVI ELN EAG EPCS EPRT EPTED ETRB EUM EAIDS EFIC EFINECONEAIDUNGAGM EAIDAR ESF EIDN ELAM EDU EV EAIDAF ECN EDA EXBS EINTECPS ENRGTRGYETRDBEXPBTIOSZ EPREL EAC EINVEFIN ETA EAGER EINDIR ECA ECLAC ELAP EITI EUCOM ECONEFINETRDPGOVEAGRPTERKTFNKCRMEAID EARG ELDIN EINVKSCA ENNP EFINECONCS EFINTS ECCP ETC EAIRASECCASCID EINN ETRP EAIDNI EFQ ECOQKPKO EGPHUM EBUD ECONEINVEFINPGOVIZ ENERGY ELB EINDETRD EMI ECONEFIN EIB EURN ETRDEINVTINTCS EIN EFIM ETIO ELAINE EMN EATO EWTR EIPR EINVETC ETTD ETDR EIQ ECONCS EPPD ENRGIZ EISL ESPINOSA ELEC EAIG ESLCO EUREM ENTG ERD EINVECONSENVCSJA EEPET EUNCH ECINECONCS ETRO ETRDECONWTOCS ECUN EFND EPECO EAIRECONRP ERGR ETRDPGOV ECPN ENRGMO EPWR EET EAIS EAGRE EDUARDO EAGRRP EAIDPHUMPRELUG EICN ECONQH EVN EGHG ELBR EINF EAIDHO EENV ETEX ERNG ED
KMDR KPAO KPKO KJUS KCRM KGHG KFRD KWMN KDEM KTFN KHIV KGIC KIDE KSCA KNNP KHUM KIPR KSUM KISL KIRF KCOR KRCM KPAL KWBG KN KS KOMC KSEP KFLU KPWR KTIA KSEO KMPI KHLS KICC KSTH KMCA KVPR KPRM KE KU KZ KFLO KSAF KTIP KTEX KBCT KOCI KOLY KOR KAWC KACT KUNR KTDB KSTC KLIG KSKN KNN KCFE KCIP KGHA KHDP KPOW KUNC KDRL KV KPREL KCRS KPOL KRVC KRIM KGIT KWIR KT KIRC KOMO KRFD KUWAIT KG KFIN KSCI KTFIN KFTN KGOV KPRV KSAC KGIV KCRIM KPIR KSOC KBIO KW KGLB KMWN KPO KFSC KSEAO KSTCPL KSI KPRP KREC KFPC KUNH KCSA KMRS KNDP KR KICCPUR KPPAO KCSY KTBT KCIS KNEP KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KNNB KGCC KINR KPOP KMFO KENV KNAR KVIR KDRG KDMR KFCE KNAO KDEN KGCN KICA KIMMITT KMCC KLFU KMSG KSEC KUM KCUL KMNP KSMT KCOM KOMCSG KSPR KPMI KRAD KIND KCRP KAUST KWAWC KTER KCHG KRDP KPAS KITA KTSC KPAOPREL KWGB KIRP KJUST KMIG KLAB KTFR KSEI KSTT KAPO KSTS KLSO KWNN KPOA KHSA KNPP KPAONZ KBTS KWWW KY KJRE KPAOKMDRKE KCRCM KSCS KWMNCI KESO KWUN KPLS KIIP KEDEM KPAOY KRIF KGICKS KREF KTRD KFRDSOCIRO KTAO KJU KWMNPHUMPRELKPAOZW KEN KO KNEI KEMR KKIV KEAI KWAC KRCIM KWCI KFIU KWIC KCORR KOMS KNNO KPAI KBWG KTTB KTBD KTIALG KILS KFEM KTDM KESS KNUC KPA KOMCCO KCEM KRCS KWBGSY KNPPIS KNNPMNUC KWN KERG KLTN KALM KCCP KSUMPHUM KREL KGH KLIP KTLA KAWK KWMM KVRP KVRC KAID KSLG KDEMK KX KIF KNPR KCFC KFTFN KTFM KPDD KCERS KMOC KDEMAF KMEPI KEMS KDRM KEPREL KBTR KEDU KNP KIRL KNNR KMPT KISLPINR KTPN KA KJUSTH KPIN KDEV KTDD KAKA KFRP KWNM KTSD KINL KJUSKUNR KWWMN KECF KWBC KPRO KVBL KOM KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KEDM KFLD KLPM KRGY KNNF KICR KIFR KM KWMNCS KAWS KLAP KPAK KDDG KCGC KID KNSD KMPF KPFO KDP KCMR KRMS KNPT KNNNP KTIAPARM KDTB KNUP KPGOV KNAP KNNC KUK KSRE KREISLER KIVP KQ KTIAEUN KPALAOIS KRM KISLAO KWM KFLOA
PHUM PINR PTER PGOV PREL PREF PL PM PHSA PE PARM PINS PK PUNE PO PALESTINIAN PU PBTS PROP PTBS POL POLI PA PGOVZI POLMIL POLITICAL PARTIES POLM PD POLITICS POLICY PAS PMIL PINT PNAT PV PKO PPOL PERSONS PING PBIO PH PETR PARMS PRES PCON PETERS PRELBR PT PLAB PP PAK PDEM PKPA PSOCI PF PLO PTERM PJUS PSOE PELOSI PROPERTY PGOVPREL PARP PRL PNIR PHUMKPAL PG PREZ PGIC PBOV PAO PKK PROV PHSAK PHUMPREL PROTECTION PGOVBL PSI PRELPK PGOVENRG PUM PRELKPKO PATTY PSOC PRIVATIZATION PRELSP PGOVEAIDUKNOSWGMHUCANLLHFRSPITNZ PMIG PREC PAIGH PROG PSHA PARK PETER POG PHUS PPREL PS PTERPREL PRELPGOV POV PKPO PGOVECON POUS PGOVPRELPHUMPREFSMIGELABEAIDKCRMKWMN PWBG PMAR PREM PAR PNR PRELPGOVEAIDECONEINVBEXPSCULOIIPBTIO PARMIR PGOVGM PHUH PARTM PN PRE PTE PY POLUN PPEL PDOV PGOVSOCI PIRF PGOVPM PBST PRELEVU PGOR PBTSRU PRM PRELKPAOIZ PGVO PERL PGOC PAGR PMIN PHUMR PVIP PPD PGV PRAM PINL PKPAL PTERE PGOF PINO PHAS PODC PRHUM PHUMA PREO PPA PEPFAR PGO PRGOV PAC PRESL PORG PKFK PEPR PRELP PREFA PNG PGOVPHUMKPAO PRELECON PINOCHET PFOR PGOVLO PHUMBA PRELC PREK PHUME PHJM POLINT PGOVPZ PGOVKCRM PGOVE PHALANAGE PARTY PECON PEACE PROCESS PLN PRELSW PAHO PEDRO PRELA PASS PPAO PGPV PNUM PCUL PGGV PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PGIV PRFE POGOV PEL PBT PAMQ PINF PSEPC POSTS PHUMPGOV PVOV PHSAPREL PROLIFERATION PENA PRELTBIOBA PIN PRELL PGOVPTER PHAM PHYTRP PTEL PTERPGOV PHARM PROTESTS PRELAF PKBL PRELKPAO PKNP PARMP PHUML PFOV PERM PUOS PRELGOV PHUMPTER PARAGRAPH PERURENA PBTSEWWT PCI PETROL PINSO PINSCE PQL PEREZ PBS

Browse by classification

Community resources

courage is contagious

Viewing cable 07ANKARA801, FIFTH YEAR OF STRONG GROWTH IN TURKEY

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs

Understanding cables
Every cable message consists of three parts:
  • The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
  • The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
  • The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
To understand the justification used for the classification of each cable, please use this WikiSource article as reference.

Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #07ANKARA801.
Reference ID Created Released Classification Origin
07ANKARA801 2007-04-06 14:27 2011-08-24 01:00 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy Ankara
VZCZCXRO7285
RR RUEHRN
DE RUEHAK #0801/01 0961427
ZNR UUUUU ZZH
R 061427Z APR 07
FM AMEMBASSY ANKARA
TO RUEHC/SECSTATE WASHDC 1610
INFO RUEHIT/AMCONSUL ISTANBUL 2472
RUEHDA/AMCONSUL ADANA 1829
RUEATRS/DEPT OF TREASURY WASHDC
RUEHSS/OECD POSTS COLLECTIVE
UNCLAS SECTION 01 OF 02 ANKARA 000801 
 
SIPDIS 
 
TREASURY FOR INTERNATIONAL AFFAIRS - JONATHAN ROSE 
 
SENSITIVE 
SIPDIS 
 
E.O. 12958: N/A 
TAGS: EFIN PGOV EU TU
SUBJECT:  FIFTH YEAR OF STRONG GROWTH IN TURKEY 
 
 
ANKARA 00000801  001.2 OF 002 
 
 
1.(U) Summary:  Despite sharply higher interest rates, the Turkish 
economy (GDP) grew 6.1% in real terms in 2006, surpassing 
expectations and the official target of 5.0%.  Per capita income 
reached $5,477 almost doubling from $2,642 in 2002.  The Turkish 
economy has grown by an annual average of 7.2% over the past five 
years.  A relative slowdown in this growth pace is expected in 2007, 
but the 2007 target of 5.0% is still within reach.  Ongoing reforms 
will be required to sustain high growth and investment rates into 
the medium-term.  End Summary. 
 
---------------------------------------- 
ECONOMY RECOVERED FROM MID- 2006 TURMOIL 
---------------------------------------- 
 
2.  (U)  According to fourth quarter 2006 growth figures released 
April 2, the Turkish economy grew faster than projected in 2006. 
Despite global market volatility and tight monetary policy in 2006, 
GDP growth in the fourth quarter of 2006 came in at 5.2% -- well 
above market expectations.  Overall GDP growth in 2006 was 6.1% and 
GNP growth was 6.0%, whereas the target was 5% and most analysts 
were expecting growth to come in between 5% and 5.5%.  The data 
suggest the economy has recovered from the market turmoil in the 
second quarter of 2006. 
 
------------------------ 
Growth Driven by Exports 
------------------------ 
 
3.  (U)  The principal sources for the high 2006 growth on the 
expenditure side were private sector capital formation and trade 
(both imports and exports).  On the production side, the main 
drivers were services and industry (2.7 points and 2.2 points 
respectively), followed by the booming construction sector with 0.9 
points for the whole year.  The construction sector's weight in GDP 
growth increased significantly in the past five years. 
 
4. (U) The construction sector grew 16.1% in the last quarter and 
total growth in the sector reached 19.4%, on the back of strong 
performances in the first three quarters of the year (27.1%; 14.9%, 
and 21.3% respectively for the first three quarters).  The 
agriculture sector also grew by 9.7% in the last quarter after poor 
performances in the second and third quarters of the year (-0.4% in 
Q2 and 0.5% in Q3).  For the full year, growth in the agriculture 
sector thus reached 2.9%. 
 
5. (U) The 2006 growth data also showed significant change in the 
structure of growth in Turkey as the motor of economic growth shifts 
from domestic demand to exports.  Private consumption growth 
declined from 11.5% in Q2 to a mere 0.1% in Q4. In addition, the 
contribution of government spending to growth has also declined. 
Whereas the rate of growth of government spending was 18.3% in Q2, 
in Q4 it declined sharply to 0.7%. 
 
---------------------------------- 
Strong Private Investment Spending 
---------------------------------- 
 
6. (U) Domestic demand growth (2.7% year-on-year; year-on-year) 
contributed 2.8 percentage points to the overall 5.2% GDP growth 
registered in Q4, but the bulk of this came from private sector 
investment (1.2 percentage points) and inventory growth (1.3 
percentage points).  Both private and public sector consumption 
growth (0.1% year-on-year and 0.7% year-on-year, respectively) 
remained subdued and contributed a mere 0.1 percentage points to 
overall GDP growth, each. Meanwhile net exports continued to 
recover, adding 2.5 percentage points to overall GDP growth. 
 
---------------------------------- 
Relative Slowdown Expected in 2007 
---------------------------------- 
 
7.  (U)  Relatively robust economic growth is expected to continue 
in 2007 although perhaps at a slower pace, with  industry and 
construction expected to be key drivers.  The Central Bank's tight 
monetary policy to bring down inflation to the 4% target from a 
current annual level of 10.92% will be quite challenging, and if the 
high interest rate policy continues, it may be contribute to slower 
growth of domestic demand in 2007. 
 
---------------------------- 
Highest Growth Rates in OECD 
---------------------------- 
 
8.  (SBU)  The Turkish economy grew an average of 7.2% in the past 
five years, one of the highest rates of growth -- perhaps the 
highest -- in the OECD.  Per capita income in dollar terms nearly 
doubled since 2002, from $2,642 to $5,477.  Even allowing for the 
 
ANKARA 00000801  002.2 OF 002 
 
 
unevenness of income growth, this dramatic improvement must be 
having an impact on individual Turks' sense of financial well-being. 
 The AK Party Government can point with pride to the fact that the 
period of sustained strong growth -- the longest in recent memory in 
Turkey -- has coincided with the AK Party's period in power. 
Stronger-than-expected growth also improves ratios to GDP that are 
considered indicators of vulnerability: in particular, Net Public 
Debt to GDP is now only 44% -- down from 90% after the crisis -- and 
the Current Account Deficit to GDP, while still high, is 7.8%, 
projected to decline to 7.2% in 2007. 
 
--------------------------------------------- --- 
But Sustaining High Growth Requires More Reforms 
--------------------------------------------- --- 
 
8. (SBU) To sustain Turkey's strong growth well into the future, the 
next Government will need to keep moving forward with a second 
generation of reforms.  As the Central Bank often reminds the 
Government, labor market reforms, judicial reform and revamping the 
educational system to build a skilled labor force will raise 
Turkey's growth potential in Turkey and will help attract Foreign 
Direct Investment, perhaps even greenfield investment. 
WILSON