Turkiye
Turkey: A Dynamic Hub for Growth and Opportunity
Turkey is one of the most important countries in Europe with its dynamic population, developed industries, and strategic location.
Macroeconomic Indicators
Foreign Direct Investment (FDI)
Turkey has attracted significant FDI, which has contributed to its economic growth and development.
Social Security System
The social security system in Turkey has undergone reforms to improve its sustainability.
GDP Growth Rate
Turkey has generally maintained a relatively high GDP growth rate. Turkey's GDP in 2023 was approximately €700 billion, making it the 17th largest economy in the world.
Current Account Deficit
Turkey has often had a current account deficit, indicating that it imports more goods and services than it exports.
Unemployment Rate
The unemployment rate has been a concern in recent years, with efforts underway to create jobs and reduce unemployment. In 2023, it was around 11%, but it has varied over time.
Inflation Rate
Turkey has made progress in reducing inflation, although it has faced challenges at times. In 2023, it was around 61%.
Key Industries
Manufacturing
The manufacturing sector is a significant driver of the Turkish economy, with industries like automotive, textiles, and electronics playing a key role.
Agriculture
Agriculture remains an important sector, contributing to the economy and food security.
Defense
Turkey is the largest manufacturer of unmanned aerial vehicles.
Tourism
Tourism is a major source of foreign currency for Turkey, with millions of visitors each year.
Energy
Turkey is striving to diversify its energy sources and reduce its dependence on imports.