Imports$232.9 billion (2011 est.)
Exports$143.5 billion (2011 est.)
Inflation rate (consumer prices)6.5% (2011 est.)
Unemployment rate9.8% (2011 est.)
GDP - per capita (PPP)$14,700 (2011 est.)
National product real growth rate7.3% (2010 est.)
Internet users27.233 million (2009)
Telephones - mobile cellular61.77 million (2009)
Population growth rate1.197% (2012 est.)
Population79,749,461 (July 2012 est.)
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....
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....
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 had lost ...
The economy may have been more severely affected by July's coup attempt than previously expected. Monthly indicators show that the economy likely contracted in Q3, leading us to revise our GDP growth estimates ...