turkey gdp per capita

[129], As of 2015, there were 42,275,017 internet users in Turkey, which ranked 15th in the world;[129] while as of 2012, there were 7,093,000 internet hosts in the country, which ranked 16th in the world.[129]. There are also 2 conglomerates followed by transportation and beverages industries with 1 companies each. All foreign exchange transfers are exclusively handled by the central bank. . Dollars) Economy records sharpest contraction since Q1 2009 in the second quarter. Turkish security forces confiscated nearly 5,700 liters of bootleg alcohol across the country on Friday. The insurance market is officially regulated through the Ministry of Commerce. … The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. [99][100] Global car manufacturers with production plants include Fiat/Tofaş, Oyak-Renault, Hyundai, Toyota, Honda and Ford/Otosan. 3 TV Manufacturer, a Private Company: PROFILO-TELRA", The Export Performance of the Turkish Clothing Industry in 2006, "Otomotiv İhracatı 2008'de 22 Milyar 944 Milyon Dolara Ulaştı", "Turkey Bets on EVs with the Pininfarina-Designed TOGG", "Turkish auto exports hit 1m for first time in 2016", "Savunma Sanayi İhracat Artışı, Türkiye Ortalamasının Dört Katından Fazla Oldu", "Turkey signs $1.78 bln deal to buy warplanes", "Turkey signs contract to buy 30 F-16 block 50+ jets", "Who We Are? [40][41][42] The World Bank classifies Turkey as an upper-middle income country in terms of the country's per capita GDP in 2007. Live statistics for Economy of Turkey. Annual exports reached $1.6 billion in 2014. Comparatively, it imports many of the same industries, such as, gold valued at $17.1 billion, refined petroleum at $9.8 billion, cars at $8.78 billion, vehicle parts at $6.34 billion and scrap iron at $5.84 billion.[150]. Latest available data for a fixed period, © Since 1995, Turkey is a party to the European Union–Turkey Customs Union. Banking came under stress beginning in October 2008 as Turkish banking authorities warned state-run banks against the pullback of loans from the larger financial sectors. [66] However, by 2018 the share of exports going to the EU was back above fifty percent. Copyright 2020 Anadolu Agency. It also has the obligation to provide for the monetary requirements of the state agricultural and commercial enterprises. "[85] Many old agricultural attitudes remain widespread. [96] EU market share of Turkish companies in consumer electronics has increased significantly following the Customs Union agreement signed between the EU and Turkey: in color TVs from 5% in 1995 to more than 50% in 2005, in digital devices from 3% to 15%, and in white goods from 3% to 18%. Then you can access your favorite statistics via the star in the header. is the primary communications satellite operator of Turkey, controlling the Turksat series of satellites. The construction and contracting companies, such as Enka and Tekfen, have been significant players in the country's economy. GDP(PPP) year to date: Connecting . [53][54] In March 2018, Moody's downgraded Turkey's sovereign debt into junk status, warning of an erosion of checks and balances under Recep Tayyip Erdoğan. [149], A very large aspect of Turkey trade revolves around the automotive industry, where its top exports are cars, accounting for $13.2 billion. Turkey plans to raise this to 30% by 2023. TÜLOMSAŞ (1894), TÜVASAŞ (1951) and EUROTEM (2006) are among the major producers of multiple unit trains, locomotives and wagons in Turkey, including high-speed EMU and DMU models. [158], The proportion of renewable energy in Turkey is twice the EU average, at around 25–26%. Ascending Rank | [160], Turkey led the way in Europe with an increase of 1.79 GW in solar capacity making the country one of the most promising markets in terms of solar business.[161]. Online tool for visualization and analysis. [108] Turkish companies made clothing exports worth $13.98 billion in 2006; more than $10.67 billion of which (76.33%) were made to the EU member states. [104] MKEK, TAI, ASELSAN, ROKETSAN, FNSS, Nurol Makina, Otokar, and HAVELSAN are major manufacturers. As a result, in 1999 and 2001, the DSP government of Prime Minister Bülent Ecevit had to face two major economic crises that were caused mostly by the weak and loosely regulated banking sector; the growing trade deficit; and the devastating İzmit earthquake of 17 August 1999. The Turkish Statistical Institute claimed that the Turkish economy declined by 2.4% in the last quarter of 2018 as compared to the previous quarter. Turkey: GDP per capita. ", "EU imported 21% more fruit and veg from Turkey", "The fruit and vegetable sector in the EU - a statistical overview/ - Statistics Explained", "EU Council issues strong message about Turkey's obligations", "EU will Zollunion mit der Türkei nicht ausbauen", "ENLARGEMENT AND STABILISATION AND ASSOCIATION PROCESS Council conclusions", "Europe's No. [36] Turkey is often classified as a newly industrialized country by economists and political scientists;[37][38][39] while Merrill Lynch, the World Bank, and The Economist describe Turkey as an emerging market economy. List your company on Global Property Guide. GDP per capita, PPP (current international $) - Turkey from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). [86], The livestock industry, compared to the initial years of the Republic, showed little improvement in productivity, and the later years of the decade saw stagnation. The Turkish Space Launch System is a project to develop the satellite launch capability of Turkey. Since 1995, Turkey is a party to the European Union–Turkey Customs Union. The GDP per Capita in Turkey is equivalent to 119 percent of the world's average. Fishing is another important part of the economy; in 2005 Turkish fisheries harvested 545,673 tons of fish and aquaculture. The economy contracted 9.9% on an annual basis in the second quarter, contrasting the first quarter's 4.4% increase and marking the sharpest downturn since Q1 2009. Police... TUNIS/DOHA [148] In addition to Customs Union, Turkey has free-trade agreements with 22 countries. [1][2], Regions and Cities > Regional Statistics > Regional Economy > Regional GDP per Capita, "Statistics by Theme > National Accounts > Regional Accounts", "Report for Selected Countries and Subjects", "GDP, PPP (current international $) | Data", "GDP per capita, PPP (current international $) | Data", List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=List_of_Turkish_provinces_by_GDP&oldid=973189400, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 August 2020, at 21:43. [112], Turkish government companies for research and development in military technologies include Turkish Aerospace Industries, ASELSAN, HAVELSAN, ROKETSAN, MKE, among others. Meanwhile, the actual individual consumption (AIC) per capita in Turkey was 68 in 2019, whereas the average of EU countries was 100, 32% below the EU-average. [42] According to Eurostat data, Turkish GDP per capita adjusted by purchasing power standards stood at 64 percent of the EU average in 2018. [162], According to Eurostat data, Turkish GDP per capita adjusted by purchasing power standards stood at 64 percent of the EU average in 2018.[43].

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