|
Official Name of Country |
Republic of Turkey |
|
Capital City |
Ankara |
|
Government |
Parliamentary Democracy |
|
Population |
73 million (2009) |
|
Labor Force (Population) |
24.7 million (2009) |
|
Median Age |
28.8 (2009) |
|
Official Language |
Turkish |
|
President |
Abdullah Gul |
|
Prime Minister |
Recep Tayyip Erdogan |
|
Area |
783,562.38 km² |
|
Coordinates |
35° 55' North, 32° 50' East |
|
Time Zone |
GMT +2 |
|
Neighboring Countries |
Bulgaria, Greece, Syria, Iraq, Iran, Azerbaijan, Armenia, Georgia |
|
Major Cities (Population) |
Istanbul (12.6 million), Ankara (4.5 million), Izmir (3.8 million), Bursa (2.5 million), Adana (2 million) |
|
Climate |
Temperate; hot, dry summers with mild, wet winters |
|
Telephone Code |
+90 |
|
Country Code Top-Level Domain |
.tr |
|
Electricity Voltage |
220 V, 50 Hz |
|
Currency |
Turkish Lira (TRY) |
|
Financial Center |
Istanbul |
|
GDP |
USD 618 billion (2009 - Current Prices) |
|
GDP Per Capita |
USD 8,590 (2009) |
|
Exports Value |
USD 102 billion (2009) |
|
Imports Value |
USD 141 billion (2009) |
|
Tourism Revenue |
USD 21.2 billion (2009) |
|
Tourist Number |
27.3 million people (2009) |
|
Foreign Direct Investment |
USD 7.9 billion (2009) |
|
Number of Companies with Foreign Capital |
23,500 (2008) |
|
Inflation Rate |
6.5% (CPI - 2009) |
|
Major Exports Markets |
Germany (9.6%); France (6.1%); UK (5.8%); Italy (5.8%); Iraq (5%) (2009) |
|
Major Imports Sources |
Russia (14%); Germany (10%); China (9%); USA (6.1%); Italy (5.4%) (2009) |
|
Free Trade Agreements |
-
Customs Union Agreement with the EU
-
Free Trade Agreements with Albania, Bosnia Herzegovina, Croatia, EFTA member countries (Switzerland, Norway, Iceland and Liechtenstein), Egypt, Georgia, Israel, Macedonia, Montenegro, Morocco, Palestine, Tunisia, Syria |
|
Traffic Flow |
Right |
| Airports |
45 (16 international) |
For detailed information about Turkey you may also refer to here . |
|
If you ask WHY TURKEY? Download this document to find out why:
The Investment Support and Promotion Agency of Turkey has more answers. Please visit:
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ECONOMIC INDICATORS
Country Forecast Overview (3 Year)
| Key Indicators |
2009 |
2010 |
2011 |
| Real GDP Growth (%) |
-5.70 |
4.50 |
2.70 |
| Consumer Price Inflation (av;%) |
6.25 |
8.70 |
7.10 |
| Budget Balance (% of GDP) |
-5.47 |
-4.50 |
-4.90 |
| Current-Account Balance (% of GDP) |
-2.27 |
-4.40 |
-4.50 |
| Exchange Rate US$:Euro (av) |
1.55 |
1.53 |
1.58 |
| Exchange Rate US$:Euro(year-end) |
1.49 |
1.54 |
1.60 |
| Year |
GDP in Billions of USD PPP |
% GDP Growth |
| 2005 |
747.33 |
7.20 |
| 2006 |
824.86 |
5.70 |
| 2007 |
888.09 |
3.60 |
| 2008 |
913.04 |
-0.40 |
| 2009 |
880.06 |
-5.70 |
Source: EIU Country Data
| |
Turkey Q2 GDP grows 10.3 percent, exceeds forecast
ISTANBUL, Sept 14 (Reuters) - Turkey's gross domestic product (GDP) grew 10.3 percent year-on-year in the second quarter of 2010, the Turkish Statistics Institute said on Tuesday, exceeding the average forecast in a Reuters poll. Second quarter GDP grew 3.7 percent from the first quarter, seasonally and calendar adjusted. Year-on-year growth had been forecast at 9.0 percent in the poll of 19 economists . First-quarter year-on-year growth was unrevised at 11.7 percent.
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Turkey keeps receiving Foreign Direct Investments thanks to growing and stable economy
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