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Economy of Turkey

Economy of Turkey
CountryTurkey
Width250
CurrencyTurkish lira (TRY)
Yearcalendar year
OrgansG-20 major economies, OECD, EU Customs Union, WTO, ECO, BSEC
Gdp$1.038 trillion (2010)
Growth8.9% (2010)
Per Capita$10,399 (Nominal) (2010)
$13,464 (PPP) (2010)
Sectorsagriculture: 9.4%; industry: 25.9%; services: 64.7% (2009 est.)
Inflation3.99% (March 2011)
Labor25.3 million (2009 est.) 'note: about 1.2 million Turks work abroad
Occupationsagriculture: 29.5%, industry: 24.7%, services: 45.8% (2005)
Unemployment10.5% (June 2010)
Gini41 (2008)
Edbr65th
Industriestextiles, food processing, autos, electronics, tourism mining (coal, chromate, copper, boron), steel, petroleum, construction, lumber, paper
Exports$113.93 billion (2010)
Export-goodsapparel, foodstuffs, textiles, metal manufactures, transport equipment
Export-partnersGermany 9.6%, France 6.1%, U.K. 5.8%, Italy 5.8%, Iraq 5% (2009 est.)
Imports$185.49 billion (2010)
Import-goodsmachinery, chemicals, semi-finished goods, fuels, transport equipment
Import-partnersRussia 14%, Germany 10%, China 9%, U.S. 6.1%, Italy 5.4%, France 5% (2009 est.)
FDI$205 billion (31 December 2009 est.)
Gross External Debt$274 billion (31 December 2009 est.)
Debt48.5% of GDP (2009 est.)
Revenue$145.3 billion (2009)
Expenses$180.6 billion (2009)
ReservesUS$92.170 billion (March 2011)
Credit*Standard & Poor's:
BB+ (Domestic)
BB (Foreign)
BBB- (T&C Assessment)
Outlook: Positive *Moody's:
Ba2
Outlook: Positive *Fitch:
BB+
Outlook: Positive
Cianametu

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The economy of Turkey is largely developed. The country is among the world's leading producers of agricultural products; textiles; motor vehicles, ships and other transportation equipment; construction materials; consumer electronics and home appliances. In recent years, Turkey had a rapidly growing private sector, yet the state still plays a major role in industry, banking, transport, and communications.

Economy of Turkey Video

The 10 biggest are Mexico, South Korea, Turkey, Poland, Indonesia, Saudi Arabia, Taiwan, Iran, Argentina and Thailand. In 2008 they had a collective nominal gross domestic product of $5.6 trillion in 2008, according to the IMF, larger than the GDPs of Japan or China.In purchasing power parity (PPP), their collective GDP was $8.8 trillion, larger than the economies of Japan and Germany combined. Indeed, these 10 non-BRIC countries constitute the worlds third-largest economic group, after the European Union and the United States.
5.42 min. | 3.76 user rating		 "United States Nears Hyperinflationary Great Depression" 2011 Hyperinflation: www.shadowstats.com "Prerequisites to the crisis unfolding include: the Federal Reserve moving to monetize US Treasury debt; the US dollar losing its traditional safe-haven status; the US dollar losing its reserve status; the federal budget deficit and Treasury funding needs spiraling out of control. The Fed moved to monetize Treasury debt in November 2010. A much-diminished US dollar safe-haven status has become evident in early March 2011, along with serious calls for a new global reserve currency. The economy is not in recovery and should display significant new weakness in the months ahead, with severely expansive implications for the federal deficit, Treasury funding needs and requisite Fed monetization of debt." www.shadowstats.com ""Like gold, US dollars have value only to the extent that they are strictly limited in supply. But the US government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many US dollars as it wishes at essentially no cost. By increasing the number of US dollars in circulation, or even by credibly threatening to do so, the US government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence <b>...</b>
3.58 min. | 4.36 user rating		 Invest in Turkey www.invest.gov.tr
5.68 min. | 4.69 user rating		 Small excerpt from "New Rulers Of the World" !!! Iceland, Hungary, Poland, Ukraine, Romania, Turkey, Kenya and many many more faced very recent attacks on their currencies by FOREIGN SPECULATORS. FROM : US, UK, Switzerland Iceland was bankrupt: news.bbc.co.uk Currency crashed: www.indybay.org Romania's currency was under hard fire and the RON plunged, luckily the Central Romanian Bank had the means, presence of spirit to discover the speculators and stop them: "It is for the first time that the governor of the National Bank of Romania speaks openly about a speculative attack on the currency market. He did not reveal who was behind the attacks but suspicion hovers around thee big international banks that do not have branches in Romania." "The Financial Institutions that started the attack are amongst the ones that have received financial aid from the Occidental governments to be able to face the crisis." www.standard.ro Rumors have surfaced about the foreign speculators: US investment funds JP Morgan-Chase, UK bank RBS, Unicredit. Hungary, Ukraine currencies crashed and now are in debt (slaves) to the IMF: fistfulofeuros.net IMF said Turkey was likely to join the queue for bail-outs very soon. Turkey's prime minister Recep Tayyip Erdogan said over the weekend that his country would not "darken its future by bowing to the wishes of the IMF" Kenya schilling crashed: allafrica.com Romanian prime minister had a first reaction to the foreign financial terrorist attack: I don't <b>...</b>
3.28 min. | 5.0 user rating		 We look at Libya's role in the global economy as oil prices continue to rise and visit the London School of Economics where Muammar Gaddafi's son once studied and submitted a 400-page report on civil society and human rights. And, as the unrest spreads governments stuggle to get their people out; we look at Turkey's relationship with Libya.
24.97 min. | 5.0 user rating
December 11, 1996 www.amazon.com Watch the full program: thefilmarchived.blogspot.com Child poverty refers to the phenomenon of children living in poverty. This applies to children that come from poor families or orphans being raised with limited, or in some cases absent, state resources. Children that fail to meet the minimum acceptable standard of life for the nation where that child lives are said to be poor. In developing countries these standards are lower and when combined with the increased number of orphans the effects are more extreme. The majority of poverty stricken children are born to poor parents. Therefore the causes like adult poverty, such as government policies, lack of education, unemployment, social services, disabilities and discrimination, are also significant in child poverty. Families raised by a single parent are generally poorer than those raised by couples. Fatherless families are at even greater risk, as females tend to have reduced opportunities for employment and often receive less income than males. Children can be born into a single parent home, or they can lose a parent due to death or incarceration. If a child loses both parents and is not adopted or foster care cannot be found they are generally raised by either state funded or charitable orphanages. Through a lessening of pressure and increased investment the quality of these orphanages has improved in developed countries, although they can still contribute to adverse effects in the <b>...</b>
15.00 min. | 5.0 user rating		 Data-driven insights into the potential aftereffects of the extended US Democratic presidential primary, the legal controversy over headscarves in Turkey, economic angst in the United States, and Kenya's economic turnaround.
2.60 min. | 0 user rating		 Speaker: Kemal Kılıçdaroğlu Chair: Professor Şevket Pamuk This event was recorded on 1 March 2011 in Sheikh Zayed Theatre, New Academic Building Mr. Kemal Kılıçdaroğlu MP, the leader of the main opposition Republican People's Party in Turkey, is visiting LSE only months before Turkey goes to the polls in a national parliamentary election. Mr. Kılıçdaroğlu will present and discuss his party's views on political, economic, and social aspects of Turkey. He will specifically address the interrelations between politics and economy in Turkey. Kemal Kılıçdaroğlu is the leader Republican People's Party (CHP), the main opposition party, in Turkey. He was born in 1948 in the Nazimiye district of Tunceli. He completed his Bachelor's degree in Ankara Economic and Commercial Sciences Academy (Gazi University, Economic and Administrative Sciences Faculty) in 1971. He started his career in the Ministry of Finance as the account specialist, and was appointed to the General Directorate of Revenues in 1983. He first took office as head of department, then he became the Deputy Director General of this institution. Kemal Kılıçdaroğlu was appointed to the Social Security Organization for Artisans and Self-Employed (Bağ-Kur) in 1991, where he acted as the Director General. He started to work in the Social Security Organization (SSK) in 1992. Afterwards, he took office as the Deputy Secretary of the Ministry of Labour and Social Security of the Republic of Turkey. In 1994, he was presented with <b>...</b>
82.37 min. | 4.11 user rating		 Speakers: Professor Michael Cox, Fadi Hakura, Professor Åževket Pamuk This event was recorded on 15 June 2011 in Old Theatre, Old Building Turkey's international role has grown in recent years as its economy has boomed under the direction of Prime Minister Erdogan and Foreign Minister Davutoglu's much-vaunted 'Strategic Depth' foreign policy doctrine. But as Turkey goes to the polls in a general election, what will be the impact of the result on its international role? This event marks the launch of a major new research report from LSE IDEAS entitled 'Turkey's Global Strategy'. Professor Michael Cox is Co-director of LSE IDEAS and Professor of International Relations at LSE. Fadi Hakura is the manager of the Turkey Project at the Chatham House. Professor Sevket Pamuk is Chair of Contemporary Turkish Studies at the European Institute.
89.27 min. | 4.42 user rating		 Welcome to Dohardmoney.com. Today we will talk to you about Thanksgiving you probably don't know about. In Greek mythology Zeus was raised by a goat. How many of you knew that? We bet not very many especially when you are a real estate investor. But Zeus was playing with this goat which raised him one day and accidentally tore of one of its horns. When he tore off one of its horns he decided that he needed to do something and so what he did is made a magical horn that anyone was given to with plenty of blessings. You can see the Horn of plenty in the video which Ryan is holding. We are sure this is such information which you did not know and if you know we would love to hear all of that from you. Make a comment what you knew and we'll be really excited to get that knowledge. But there are a couple of things as we talk about real estate investing but first we talk about this season; this thanksgiving. We need to think about things we are certainly grateful for. There is a lot to be grateful for. First and foremost we live in a country where we are able to have opportunities and we are able to take advantage of those types of opportunities. We know there are problems in United States. We all have to be a nation & committed to be a part of the solution and understand that we live in a great country where we have seen people migrating for decades and centuries to come to a place where they came to a land of opportunities. Secondly we need to be grateful as real estate <b>...</b>
2.55 min. | 5.0 user rating

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Michael Eckert: Turkey hunts add to US economy - Port Huron Times Herald Tweet this news
Port Huron Times Herald--Those birds pump about $4.1 billion a year into the US -economy-, the report said. Those billions are the ripples of $1.6 billion -turkey- hunters directly ... - Date : Fri, 22 Oct 2010 10:48:39 GMT+00:00
Turkey's Doing It Without the Fez On - The National Interest Online Tweet this news
The National Interest Online---Turkey- is at a crossroads: Its -economy- is booming, and the Turkish economic miracle is the direct result of the current government's willingness to foster ... - Date : Tue, 26 Oct 2010 12:32:54 GMT+00:00
Turkey's C.Bank says economy to recover slowly, gradually - www.worldbulletin.net Tweet this news
www.worldbulletin.net--The head of -Turkey's- Central Bank said that the -economy- would recover slowly and gradually. The head of -Turkey's- Central Bank said on Monday that the ... - Date : Tue, 26 Oct 2010 07:21:44 GMT+00:00

Service sector : Financial sector
World Rank Company class="unsortable"Industry Revenue
(billion $)		 Profits
(billion $)		 Assets
(billion $)		 Market Value
(billion $)
274 Garanti Bankası Banking 9.75 2.06 77.02 16.06
288 Türkiye İş Bankası Banking 10.97 1.61 86.34 12.60
321 Koç Holding Conglomerate 36.34 1.32 41.80 7.45
343 Akbank Banking 8.06 1.16 60.23 15.75
414 Sabancı Holding Conglomerate 12.93 0.78 65.24 7.33
534 Halk Bankası Banking 5.76 1.05 33.17 8.10
609 Vakıfbank Banking 6.25 0.81 35.48 5.93
666 Turk Telekom Telecommunications 6.82 1.18 8.97 11.25
683 Turkcell Telecommunications 5.89 1.55 8.00 13.19
934 Enka Ä°nÅŸaat Construction 5.87 0.50 7.63 7.29
1507 Turkish Airlines Transportation 4.00 0.74 5.10 2.87
1872 DoÄŸan Holding Conglomerate 8.17 0.05 6.80 1.68

TR Turkey topics

People and
biographies
Turkish people * Atatürk
History
(timeline)
EarlySultanate of Rûm * Anatolian Turkish Beyliks
OttomanRise * Growth * Stagnation * Decline * Dissolution
RepublicWar of Independence * Single-party period * Multi-party period
By topicConstitutional * Economic * Military
Politics and
government
President * Prime Minister * Parliament * Council of Ministers * Political parties * Elections * EU accession * Foreign relations * Military * Human rights * LGBT rights * Secularism * Ottomanism * Kemalism * Neo-Ottomanism
Legal system
Constitution * Constitutional Court * Official Gazette * Crime * Law enforcement
Geography
Anatolia * Thrace * Regions * Provinces * Districts * Cities * Metropolitan centers * Environmental issues * Mountains * Islands * Rivers * Lakes * Peninsulas * Capes * Bays * Turkish Riviera
Economy and
transport
Industries * Companies * Stock Exchange * Central Bank * Other banks * EU Customs Union * Southeastern Anatolia Project * Tourism * Currency * Railways * Aviation
Demographics
Turkish language * Languages of Turkey * Education * Religion * Islam * Turkish population * Turkish diaspora * Immigration
Culture and
media
Ottoman architecture * Art * Cinema * Cuisine * Dance * Festivals * Folklore * Public holidays * Literature * Music * Smoking * Sport * Theatre * Wine * Newspapers * Radio stations * Television
Symbols
Emblem * Flag * Presidential Seal * National anthem

Organisation for Economic Co-operation and Development (OECD)

Australia * Austria * Belgium * Canada * Chile * Czech Republic * Denmark * Finland * France * Germany * Greece * Hungary * Iceland * Ireland * Italy * Japan * Luxembourg * Mexico * Netherlands * New Zealand * Norway * Poland * Portugal * Slovakia * South Korea * Spain * Sweden * Switzerland * Turkey * United Kingdom * United States



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