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Turkey

Turkey : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$232.9 billion (2011 est.)
$177.3 billion (2010 est.)

Exports

$143.5 billion (2011 est.)
$120.9 billion (2010 est.)

Inflation rate (consumer prices)

6.5% (2011 est.)
8.6% (2010 est.)

Unemployment rate

9.8% (2011 est.)
12% (2010 est.)
note: underemployment amounted to 4% in 2008

GDP - per capita (PPP)

$14,700 (2011 est.)
$13,700 (2010 est.)
$12,800 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

7.3% (2010 est.)
-4.7% (2009 est.)
0.7% (2008 est.)

Internet users

27.233 million (2009)

Telephones - mobile cellular

61.77 million (2009)

Population growth rate

1.197% (2012 est.)

Population

79,749,461 (July 2012 est.)

Historical background

Modern Turkey was founded in 1923 from the Anatolian remnants of the defeated Ottoman Empire by national hero Mustafa KEMAL, who was later honored with the title Ataturk or "Father of the Turks.

" Under his authoritarian leadership, the country adopted wide-ranging social, legal, and political reforms.

After a period of one-party rule, an experiment with multi-party politics led to the 1950 election victory of the opposition Democratic Party and the peaceful transfer of power.

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Turkey

Economic overview

Turkey's economy is increasingly driven by its industry and service sectors, although its traditional agriculture sector still accounts for about 30% of employment.

An aggressive privatization program has reduced state involvement in basic industry, banking, transport, and communication, and an emerging cadre of middle-class entrepreneurs is adding a dynamism to the economy.

Turkey's traditional textiles and clothing clothing sectors still account for one-third of industrial employment, despite stiff competition in international markets that resulted from the end of the global quota system.

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The Economist Intelligence Unit

Country Forecast Turkey February 2016 Updater

Country Forecast Turkey February 2016 Updater

  • $ 635
  • Country report
  • February 2016
  • by The Economist Intelligence Unit

Following a campaign marred by violence, the Justice and Development Party (AKP) scored a landslide victory in the general election on November 1st, restoring the parliamentary majority that it lost ...

  • Countries : Turkey

Oxford Economics

Country Economic Forecasts > Turkey

Country Economic Forecasts > Turkey

  • $ 185
  • Country report
  • August 2016
  • by Oxford Economics

The downside risks facing the economy have increased since the failed coup in July. We have kept our growth forecast unchanged this month, with growth expected to moderate to 3.3% in 2016 from 4% last ...

  • Countries : Turkey

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