Source
Central bank

Central Bank of the Republic of Turkey

Source
International Reserves

US$ 132.666 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 767 billion (2014 estimate)

GDP (Purchasing Power Parity)

1.219 trillion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
5.3% 9.4% 8.4% 6.9% 4.7% 0.7% -4.8% 9.2%
2011 2012 2013 2014*        
8.8% 2.2% 4.3% 2.3%        

*Estimate

GDP per capita - current prices

US$ 9,920 (2014 estimate)

GDP per capita - PPP

$15,767 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
1.02% 1.23% 1.20% 1.28% 1.34%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 8.9% 
  • industry: 27.3% 
  • services: 63.8% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

0.8% (2011)

 

Inflation
2011 2012 2013 2014*
6.5% 8.9% 7.5% 7.8%

*Estimate

Unemployment rate
2011 2012 2013 2014*
9.8% 9.2% 9.7% 10.2%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
42.3% 39.1% 36.2% 35.8% 35.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-3.4% -0.7% -1.8% -1.5% -2.4%

*Estimate   

Government bond ratings

Standard & Poor's: BB+

Moody's rating: Baa3

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Source
Market value of publicly traded shares
2010* 2011 2012**
US$306.7 billion US$201.8 billion US$308.8 billion

*2010 Estimate      **2012 Estimate    

Largest companies in Turkey

Isbank, Garanti Bank, Koç Holding, Akbank, Sabanci Holding, Halkbank, VakifBank, Turkcell, Turk Telekom, Enka, Anadolu Efes, Turkish Airlines

 
 
Source
Current account balance

US$ -48.621 billion (2014 estimate)

Current account balance by percentage of GDP

-6.339% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

25.7% (2013)

Shares in world total merchandising export

0.83% (2012)

Shares in world total commercial services export

0.93% (2012)

Total exports

US$167.6 billion (2013 estimate) 

Export commodities

apparel, foodstuffs, textiles, metal manufactures, transport equipment

Total imports

US$242.9 billion (2013 estimate) 

 
 
Source
Import commodities

machinery, chemicals, semi-finished goods, fuels, transport equipment

Exports - major partners

Germany 8.6%, Iraq 7.1%, Iran 6.5%, UK 5.7%, UAE 5.4%, Russia 4.4%, Italy 4.2%, France 4.1% (2012)

Imports - major partners

Russia 11.3%, Germany 9%, China 9%, US 6%, Italy 5.6%, Iran 5.1% (2012)

FDI inflows
2011 2012 2013
US$16,171 million US$13,224 million US$12,866 million
FDI outflows
2011 2012 2013  
US$2,349 million US$4,074 million US$3,114 million  
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$-38 million US$908 million US$2,012 million US$590 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 69 out of 189 countries (2013)

Subcategories:

Starting a business: 93 out of 189 countries

Enforcing Contracts: 38 out of 189 countries

Registering Property: 50 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 34 out of 189 countries

Trading across border: 86 out of 189 countries

Paying Taxes: 71 out of 189 countries

Dealing with Construction Permits: 148 out of 189 countries

Getting Electricity: 49 out of 189 countries

Resolving Insolvency: 130 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

45

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 64 Score: 64.9 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+2

Total area

783,562 sq km

Capital

Ankara 

Currency

Turkish liras (TRY)

Government type

republican parliamentary democracy 

Languages

Turkish (official), Kurdish, other minority languages

Religions

Muslim 99.8% (mostly Sunni), other 0.2% (mostly Christians and Jews)

Total population
1990 2000 2010 2014* 2019**
52.436 million 64.252 million 73.003 million 77.324 million 81.321 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
31.5% 44% 65% 72%
Population median age

29.6 years (2014 estimate)

Population growth rate

1.12% (2014 est.)

Life expectancy

73.29 years (2014 estimate)

Adult literacy

94.1% (2011 estimate)

% of population living on less than $2 a day

2.6% (2011)

Inequality of wealth distribution (Gini index)

40.0 (2011)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 4 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 18.1%   Mobile 93.0%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

46.25% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Istanbul: 135th (2014)

CO2 emissions(Metric tons of CO2 per capita)

4.1 (2010)

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2009

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Additional Awards