@article{article_1705792, title={EFFECTS OF COVID-19 PANDEMIC ON TURKISH ECONOMY: A SECTORAL APPROACH}, journal={İstanbul Ticaret Üniversitesi Girişimcilik Dergisi}, volume={8}, pages={87–102}, year={2025}, DOI={10.55830/tje.1705792}, author={Ozcan, Yunus}, keywords={Economics, Entrepreneurship, Turkish Economy}, abstract={Although its unfavorable effects have been gradually fading today, the Covid-19 pandemic, which first appeared in China at the end of 2019 and then spread rapidly all over the earth, has had negative effects on world economies along with Turkish economy. The effects of Covid-19 have been felt as a whole in the economies, but more severely in service sectors such as the Accommodation and Food Service Activities. With this study, it is aimed to examine the effects of Covid-19 over Turkish economy in a detailed manner for the sectors, along with their contribution to GDP and changes in their balance sheet. To achieve this assessment, first the effects on all sectors were examined from a general perspective and then the study was expanded on a sector basis especially for the most unfavorably affected sectors. The "Sector Balance Sheets" data provided by CBRT and TURKSTAT have been mainly employed for the period of 2019-2023 to investigate these effects over the markets with GDP data. This sector data covers 17 main sectors, including more than 1.6 million company information according to NACE REV.2 classification, and is quite comprehensive to generate adequate conclusions for Turkish economy on a sectoral basis. According to the study results, the sectors that suffered the most losses in 2020, when the impact of Covid-19 was felt the most, were "transportation and storage", "accommodation and food service" and "real estate", respectively. However, in the same period, profits were made in different sectors such as "manufacture" and "wholesale and retail trade; repair of motor vehicles and motorcycles".}, number={17}, publisher={Istanbul Ticaret University}