Английская Википедия:Economy of Turkey

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Шаблон:Short description Шаблон:Use dmy dates Шаблон:Infobox economy Шаблон:Economy of Turkey

Файл:EU and Turkey Locator Map.png
After becoming one of the early members of the Council of Europe in 1950, Turkey became an associate member of the EEC in 1963, joined the EU Customs Union in 1995 and started full membership negotiations with the European Union in 2005.[1][2]
Файл:Participants at the 2015 G20 Summit (Presidencia de la Nación Argentina).jpg
Turkey is a founding member of the OECD (1961) and G20 (1999)

Turkey is a founding member of the OECD and G20. The country's economy ranked as the 17th-largest in the world and 7th-largest in Europe by nominal GDP in 2023. It also ranked as the 11th-largest in the world and 5th-largest in Europe by PPP in 2023. According to the IMF, as of 2022, Turkey had an upper-middle income, mixed-market, emerging economy.[3] Turkey has often been defined as a newly industrialized country since the turn of the 21st century.[4][5][6] The country is the fourth most visited destination in the world,[7] and has over 1,500 R&D centres established both by multinational and national firms.[8] Turkey is among the world's leading producers of agricultural products, textiles, motor vehicles, transportation equipment, construction materials, consumer electronics, and home appliances.

Over the past 20 years, there have been major developments in the financial and social aspects of Turkey's economy, such as increases in employment and average income since 2000.[9] Despite the declining value of the Turkish lira, especially during the ongoing Turkish currency and debt crisis, there has been a sharp increase in the country's USD-based GDP figures in recent years.[10] However, high inflation continues to be a problem in the early 2020s.[11]

History

Шаблон:Main

Data

Файл:Turkey GDP per capita growth in time.png
Change in per capita GDP of Turkey, 1913–2018. Figures are inflation-adjusted to 2011 International dollarsШаблон:Cn

The following table shows the main economic indicators from 1980 to 2023 (with IMF staff estimates in 2024–2028). Inflation below 10% is in green.[12]

Year GDP

(in Bil. US$PPP)

GDP per capita

(in US$ PPP)

GDP

(in Bil. US$nominal)

GDP per capita

(in US$ nominal)

GDP growth

(real)

Inflation rate

(in Percent)

Unemployment

(in Percent)

1980 159.2 3,516.3 96.6 2,133.7 Шаблон:Decrease-0.8% Шаблон:IncreaseNegative110.6% 7.2%
1981 Шаблон:Increase181.9 Шаблон:Increase3,926.5 Шаблон:Increase97.9 Шаблон:Decrease2,113.1 Шаблон:Increase4.4% Шаблон:IncreaseNegative36.4% Шаблон:Steady7.2%
1982 Шаблон:Increase199.7 Шаблон:Increase4,215.0 Шаблон:Decrease88.9 Шаблон:Decrease1,876.6 Шаблон:Increase3.4% Шаблон:IncreaseNegative31.1% Шаблон:IncreaseNegative7.6%
1983 Шаблон:Increase217.4 Шаблон:Increase4,486.2 Шаблон:Decrease85.0 Шаблон:Decrease1,753.3 Шаблон:Increase4.8% Шаблон:IncreaseNegative31.3% Шаблон:DecreasePositive7.5%
1984 Шаблон:Increase240.6 Шаблон:Increase4,857.9 Шаблон:Decrease82.6 Шаблон:Decrease1,668.5 Шаблон:Increase6.8% Шаблон:IncreaseNegative48.4% Шаблон:DecreasePositive7.4%
1985 Шаблон:Increase258.8 Шаблон:Increase5,116.5 Шаблон:Increase92.8 Шаблон:Increase1,835.2 Шаблон:Increase4.3% Шаблон:IncreaseNegative44.5% Шаблон:DecreasePositive6.9%
1986 Шаблон:Increase282.3 Шаблон:Increase5,471.0 Шаблон:Increase102.3 Шаблон:Increase1,983.1 Шаблон:Increase6.9% Шаблон:IncreaseNegative34.6% Шаблон:IncreaseNegative7.7%
1987 Шаблон:Increase318.3 Шаблон:Increase6,051.1 Шаблон:Increase118.9 Шаблон:Increase2,260.7 Шаблон:Increase10.0% Шаблон:IncreaseNegative38.9% Шаблон:IncreaseNegative8.1%
1988 Шаблон:Increase336.5 Шаблон:Increase6,280.3 Шаблон:Increase125.0 Шаблон:Increase2,333.2 Шаблон:Increase2.1% Шаблон:IncreaseNegative73.7% Шаблон:IncreaseNegative8.7%
1989 Шаблон:Increase350.6 Шаблон:Increase6,427.2 Шаблон:Increase147.7 Шаблон:Increase2,707.9 Шаблон:Increase0.3% Шаблон:IncreaseNegative63.3% Шаблон:DecreasePositive8.6%
1990 Шаблон:Increase397.4 Шаблон:Increase7,159.3 Шаблон:Increase207.5 Шаблон:Increase3,738.2 Шаблон:Increase9.3% Шаблон:IncreaseNegative60.3% Шаблон:DecreasePositive8.0%
1991 Шаблон:Increase414.7 Шаблон:Increase7,344.8 Шаблон:Increase208.4 Шаблон:Decrease3,691.4 Шаблон:Increase0.9% Шаблон:IncreaseNegative66.0% Шаблон:DecreasePositive7.7%
1992 Шаблон:Increase449.5 Шаблон:Increase7,831.6 Шаблон:Increase219.2 Шаблон:Increase3,818.8 Шаблон:Increase6.0% Шаблон:IncreaseNegative70.1% Шаблон:IncreaseNegative7.9%
1993 Шаблон:Increase497.2 Шаблон:Increase8,523.4 Шаблон:Increase248.6 Шаблон:Increase4,261.6 Шаблон:Increase8.0% Шаблон:IncreaseNegative66.1% Шаблон:IncreaseNegative8.4%
1994 Шаблон:Decrease480.1 Шаблон:Decrease8,101.2 Шаблон:Decrease179.4 Шаблон:Decrease3,026.7 Шаблон:Decrease-5.5% Шаблон:IncreaseNegative104.5% Шаблон:DecreasePositive8.0%
1995 Шаблон:Increase525.4 Шаблон:Increase8,729.4 Шаблон:Increase233.6 Шаблон:Increase3,880.9 Шаблон:Increase7.2% Шаблон:IncreaseNegative89.6% Шаблон:DecreasePositive7.1%
1996 Шаблон:Increase572.5 Шаблон:Increase9,368.7 Шаблон:Increase250.5 Шаблон:Increase4,099.2 Шаблон:Increase7.0% Шаблон:IncreaseNegative80.2% Шаблон:DecreasePositive6.1%
1997 Шаблон:Increase626.2 Шаблон:Increase10,096.0 Шаблон:Increase261.9 Шаблон:Increase4,221.9 Шаблон:Increase7.5% Шаблон:IncreaseNegative85.7% Шаблон:IncreaseNegative6.3%
1998 Шаблон:Increase652.8 Шаблон:Increase10,376.8 Шаблон:Increase275.8 Шаблон:Increase4,384.5 Шаблон:Increase3.1% Шаблон:IncreaseNegative84.7% Шаблон:IncreaseNegative6.4%
1999 Шаблон:Decrease640.4 Шаблон:Decrease10,035.0 Шаблон:Decrease256.6 Шаблон:Decrease4,020.3 Шаблон:Decrease-3.3% Шаблон:IncreaseNegative64.9% Шаблон:IncreaseNegative7.2%
2000 Шаблон:Increase700.3 Шаблон:Increase10,819.4 Шаблон:Increase274.3 Шаблон:Increase4,238.0 Шаблон:Increase6.9% Шаблон:IncreaseNegative55.0% Шаблон:DecreasePositive6.0%
2001 Шаблон:Decrease674.9 Шаблон:Decrease10,288.1 Шаблон:Decrease202.2 Шаблон:Decrease3,082.9 Шаблон:Decrease-5.8% Шаблон:IncreaseNegative54.2% Шаблон:IncreaseNegative7.8%
2002 Шаблон:Increase729.6 Шаблон:Increase10,988.4 Шаблон:Increase240.2 Шаблон:Increase3,617.2 Шаблон:Increase6.4% Шаблон:IncreaseNegative45.1% Шаблон:IncreaseNegative9.8%
2003 Шаблон:Increase786.9 Шаблон:Increase11,712.5 Шаблон:Increase314.8 Шаблон:Increase4,684.7 Шаблон:Increase5.8% Шаблон:IncreaseNegative25.3% Шаблон:IncreaseNegative9.9%
2004 Шаблон:Increase887.2 Шаблон:Increase13,045.3 Шаблон:Increase409.1 Шаблон:Increase6,015.7 Шаблон:Increase9.8% Шаблон:Increase8.6% Шаблон:DecreasePositive9.7%
2005 Шаблон:Increase997.3 Шаблон:Increase14,483.1 Шаблон:Increase506.2 Шаблон:Increase7,350.9 Шаблон:Increase9.0% Шаблон:Increase8.2% Шаблон:DecreasePositive9.2%
2006 Шаблон:Increase1,099.5 Шаблон:Increase15,768.3 Шаблон:Increase555.1 Шаблон:Increase7,961.1 Шаблон:Increase6.9% Шаблон:Increase9.6% Шаблон:DecreasePositive8.7%
2007 Шаблон:Increase1,186.2 Шаблон:Increase16,804.9 Шаблон:Increase680.5 Шаблон:Increase9,640.6 Шаблон:Increase5.0% Шаблон:Increase8.8% Шаблон:IncreaseNegative8.9%
2008 Шаблон:Increase1,218.8 Шаблон:Increase17,042.0 Шаблон:Increase770.8 Шаблон:Increase10,778.1 Шаблон:Increase0.8% Шаблон:IncreaseNegative10.4% Шаблон:IncreaseNegative9.8%
2009 Шаблон:Decrease1,167.4 Шаблон:Decrease16,089.1 Шаблон:Decrease648.8 Шаблон:Decrease8,941.4 Шаблон:Decrease-4.8% Шаблон:Increase6.3% Шаблон:IncreaseNegative13.0%
2010 Шаблон:Increase1,281.0 Шаблон:Increase17,376.4 Шаблон:Increase776.6 Шаблон:Increase10,533.5 Шаблон:Increase8.4% Шаблон:Increase8.6% Шаблон:DecreasePositive11.0%
2011 Шаблон:Increase1,454.1 Шаблон:Increase19,459.8 Шаблон:Increase838.5 Шаблон:Increase11,221.4 Шаблон:Increase11.2% Шаблон:Increase6.5% Шаблон:DecreasePositive9.0%
2012 Шаблон:Increase1,550.7 Шаблон:Increase20,504.4 Шаблон:Increase880.1 Шаблон:Increase11,637.9 Шаблон:Increase4.8% Шаблон:Increase8.9% Шаблон:DecreasePositive8.3%
2013 Шаблон:Increase1,703.7 Шаблон:Increase22,221.4 Шаблон:Increase957.5 Шаблон:Increase12,489.0 Шаблон:Increase8.5% Шаблон:Increase7.5% Шаблон:IncreaseNegative8.9%
2014 Шаблон:Increase1,860.5 Шаблон:Increase23,945.5 Шаблон:Decrease938.5 Шаблон:Decrease12,079.3 Шаблон:Increase4.9% Шаблон:Increase8.9% Шаблон:IncreaseNegative9.9%
2015 Шаблон:Increase2,022.9 Шаблон:Increase25,691.1 Шаблон:Decrease864.1 Шаблон:Decrease10,973.6 Шаблон:Increase6.1% Шаблон:Increase7.7% Шаблон:IncreaseNegative10.3%
2016 Шаблон:Increase2,116.2 Шаблон:Increase26,513.6 Шаблон:Increase869.3 Шаблон:Decrease10,891.2 Шаблон:Increase3.3% Шаблон:Increase7.8% Шаблон:IncreaseNegative10.9%
2017 Шаблон:Increase2,282.3 Шаблон:Increase28,242.5 Шаблон:Decrease858.9 Шаблон:Decrease10,628.9 Шаблон:Increase7.5% Шаблон:IncreaseNegative11.1% Шаблон:Steady10.9%
2018 Шаблон:Increase2,406.5 Шаблон:Increase29,345.6 Шаблон:Decrease779.7 Шаблон:Decrease9,508.0 Шаблон:Increase3.0% Шаблон:IncreaseNegative16.3% Шаблон:Steady10.9%
2019 Шаблон:Increase2,468.7 Шаблон:Increase29,688.0 Шаблон:Decrease759.5 Шаблон:Decrease9,132.9 Шаблон:Increase0.8% Шаблон:IncreaseNegative15.2% Шаблон:IncreaseNegative13.7%
2020 Шаблон:Increase2,546.9 Шаблон:Increase30,490.5 Шаблон:Decrease720.1 Шаблон:Decrease8,612.3 Шаблон:Increase1.9% Шаблон:IncreaseNegative12.3% Шаблон:DecreasePositive13.1%
2021 Шаблон:Increase2,953.9 Шаблон:Increase35,063.5 Шаблон:Increase817.5 Шаблон:Increase9,654.1 Шаблон:Increase11.4% Шаблон:IncreaseNegative19.6% Шаблон:DecreasePositive12.0%
2022 Шаблон:Increase3,352.0 Шаблон:Increase39,319.4 Шаблон:Increase905.8 Шаблон:Increase10,621.9 Шаблон:Increase5.0% Шаблон:IncreaseNegative64.27% Шаблон:DecreasePositive10.8%
2023 Шаблон:Increase3,613.5 Шаблон:Increase41,887.5 Шаблон:Increase1,118.6 Шаблон:Increase13,110.6 Шаблон:Increase4.5% Шаблон:IncreaseNegative51.2% Шаблон:DecreasePositive10.5%
2024 Шаблон:Increase3,805.6 Шаблон:Increase43,624.2 Шаблон:Increase1,340.6 Шаблон:Increase15,368.2 Шаблон:Increase3.0% Шаблон:IncreaseNegative24.2% Шаблон:Steady10.5%
2025 Шаблон:Increase4,005.9 Шаблон:Increase45,423.9 Шаблон:Increase1,403.4 Шаблон:Increase16,103.2 Шаблон:Increase3.0% Шаблон:IncreaseNegative17.2% Шаблон:Steady10.5%
2026 Шаблон:Increase4,215.2 Шаблон:Increase47,296.0 Шаблон:Increase1,454.2 Шаблон:Increase16,317.0 Шаблон:Increase3.0% Шаблон:IncreaseNegative15.4% Шаблон:Steady10.5%
2027 Шаблон:Increase4,430.9 Шаблон:Increase49,213.2 Шаблон:Increase1,515.5 Шаблон:Increase16,832.4 Шаблон:Increase3.0% Шаблон:IncreaseNegative12.0% Шаблон:Steady10.5%
2028 Шаблон:Increase4,659.0 Шаблон:Increase51,239.5 Шаблон:Increase1,575.9 Шаблон:Increase17,332.6 Шаблон:Increase3.0% Шаблон:IncreaseNegative10.0% Шаблон:Steady10.5%

Main economic sectors

As of November 2023, there are 1,086,670 registered companies based in Turkey. The sector with the highest number of companies registered in the country is Manufacturing with 241,362 companies. This is followed by Wholesale Trade and Services with 197,476 and 187,325 companies respectively.[13]

Agricultural sector

Файл:Atatürk Dam.jpg
The Atatürk Dam is the largest of the 22 dams in the Southeastern Anatolia Project. The program includes 22 dams, 19 hydraulic power plants, and the irrigation of 1.82 million hectares of land. The total cost of the project is estimated at $32 billion.

Шаблон:Excerpt

Industrial sector

Шаблон:Update section

Consumer electronics and home appliances

Шаблон:Multiple image

Turkey's Vestel is the largest TV producer in Europe, accounting for a quarter of all TV sets manufactured and sold on the continent in 2006.[14] By January 2005, Vestel and its rival Turkish electronics and white goods brand Beko accounted for more than half of all TV sets manufactured in Europe.[15] Another Turkish electronics brand, Profilo Telra, was Europe's third-largest TV producer in 2005.[16]

Textiles and clothing

Turkish companies made clothing exports worth $13.98 billion in 2006; more than $10.67 billion of which (76.33%) were exported to EU member states.[17]

Motor vehicles and automotive products

Шаблон:Main

Шаблон:Multiple image

The automotive industry in Turkey, which plays an important role in the manufacturing sector of the Turkish economy, produced 1,352,648 motor vehicles in 2022,[18] ranking as the 13th largest producer in the world (production peaked at 1,695,731 motor vehicles in 2017, when Turkey also ranked 13th).[19] Turkish automotive companies like TEMSA, Otokar and BMC are among the world's largest van, bus and truck manufacturers. Togg, or Turkey's Automobile Joint Venture Group Inc. is the first all-electric vehicle company of Turkey.Шаблон:Cn

Шаблон:Multiple image

The automotive industry is an important part of the economy since the late 1960s. The companies that operate in the sector are mainly located in the Marmara Region. With a cluster of car-makers and parts suppliers, the Turkish automotive sector has become an integral part of the global network of production bases, exporting over $22.94 billion worth of motor vehicles and components in 2008.[20][21]

Global car manufacturers with production plants include Fiat/Tofaş, Oyak-Renault, Hyundai, Toyota, Honda and Ford/Otosan. Turkish automotive companies like TEMSA, Otokar and BMC are among the world's largest van, bus and truck manufacturers.Шаблон:Cn Togg is a new Turkish automotive company established in 2018 for producing EVs.[22][23] Togg's factory in Gemlik, Bursa Province, was inaugurated on 29 October 2022, the 99th anniversary of the Turkish Republic.[24]

Файл:Otokar Territo U IAA 2016 (1) Travelarz.JPG
Turkish automotive companies like TEMSA, Otokar and BMC are among the world's largest van, bus and truck manufacturers.Шаблон:Cn

Turkey's annual auto exports, including trucks and buses, surpassed 1 million units for the first time in 2016 as foreign automakers' investment in new models and a recovery in its mainstay European market lifted shipments. According to industry group the Automotive Manufacturers Association, or OSD, Turkey exported 1.14 million units in 2016, up 15% from the year before.Шаблон:Cn Auto exports hit a record high for the fourth straight year. Production grew 9% year on year in 2016 to 1.48 million units, setting a new record for the second consecutive year. Nearly 80% of vehicles produced in Turkey were exported.[25]

Multiple unit trains, locomotives and wagons

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.Шаблон:Cn

Bozankaya is a Turkish manufacturer of rolling stock including metro, tram and trolleybus vehicles in Ankara.

Defense industry

Шаблон:Main

Файл:IMG-TAI-TFX.jpg
The TAI TF Kaan, a twin-engine fifth generation air superiority fighter, is currently being produced by TAI for the Turkish Air Force.[26][27][28][29][30] TAI Anka-3, a jet-powered flying wing type UCAV with stealth technology, completed its maiden flight on December 28, 2023.[31][32][33]
Файл:TCG Anadolu (L-400) on the Bosphorus (cropped).jpg
TCG Anadolu (L-400) at the Bosporus strait during the naval parade for celebrating the centennial of the Turkish Republic on October 29, 2023. Baykar MIUS Kızılelma is a jet-powered UCAV designed to operate on TCG Anadolu.[34][35][36][37][38]
Файл:TCG İstanbul (F-515) (cropped).jpg
TCG Istanbul (F-515), the lead ship of the Istanbul-class frigates, at the Bosporus strait, October 29, 2023. The construction of the TF-2000-class destroyers will begin in 2024.

Turkey has many modern armament manufacturers. Annual exports reached $1.6 billion in 2014.[39] MKEK, TAI, Aselsan, Roketsan, FNSS, Nurol Makina, Otokar, and Havelsan are major manufacturers. On 11 July 2002, Turkey became a Level 3 partner of the F-35 Joint Strike Fighter (JSF) development program. TAI builds various aircraft types and models, such as the F-16 Fighting Falcon for the Turkish Air Force.[40][41] Turkey has recently launched domestically built new military/intelligence satellites including a 0.8m resolution reconnaissance satellite (Project Göktürk-1) for use by the Turkish Armed Forces and a 2m resolution reconnaissance satellite (Project Göktürk-2) for use by the Turkish National Intelligence Organization.Шаблон:Cn

Other important products include the TAI TF Kaan, TF2000-class destroyer, Milgem class corvette, Baykar MIUS Kızılelma UCAV, Baykar Akıncı HALE UCAV, Baykar Bayraktar TB2 MALE UCAV, TAI Aksungur MALE UCAV, TAI Anka MALE UAV/UCAV, Aselsan İzci UGV, Altay main battle tank, T-155 Fırtına self-propelled howitzer, J-600T missile, T-129 attack helicopter, A400M, Roketsan UMTAS anti-tank missile, Roketsan Cirit laser-guided rocket, Panter howitzer, ACV-300, Otokar Cobra and Akrep, BMC Kirpi, FNSS Pars 6x6 and 8x8 APC, Nurol Ejder 6x6 APC, TOROS artillery rocket system, Bayraktar Mini UAV, ASELPOD, and SOM cruise missile.Шаблон:Cn

Steel-Iron industry

Turkey ranks 8th in the list of countries by steel production. In 2013, total steel production was 35.134 million tonnes. [42] Turkey's crude steel production reached a record high of 34.1 million tons in 2011.[43] Notable producers (above 2 million tonnes) and their ranks among top steel producing companies.[44]

  • Erdemir (7.1 million tonnes) (47th) (Only Erdemir-Turkey; Erdemir-Romania is not included)
  • Habaş (4.4 million tonnes) (72nd)
  • İçdaş (3.6 million tonnes) (76th)
  • Diler (2.3 million tonnes) (108th)
  • Çolakoğlu (2.1 million tonnes) (110th)

Science and technology

Шаблон:Main Turkey boasts over 80 technoparks where around 6,000 national and multinational companies engage in R&D activities.[45] TÜBİTAK is the leading agency for developing science, technology and innovation policies in Turkey.[46] The Turkish Academy of Sciences is an autonomous scholarly society acting to promote scientific activities in Turkey.[47] TAEK is the official nuclear energy institution of Turkey. Its objectives include academic research in nuclear energy, and the development and implementation of peaceful nuclear tools.[48]

Turkish government companies for research and development in military technologies include Turkish Aerospace Industries, ASELSAN, HAVELSAN, ROKETSAN, MKE, among others. Turkish Satellite Assembly, Integration and Test Center is a spacecraft production and testing facility owned by the Ministry of National Defence and operated by the Turkish Aerospace Industries. The Turkish Space Launch System is a project to develop the satellite launch capability of Turkey. It consists of the construction of a spaceport, the development of satellite launch vehicles as well as the establishment of remote earth stations.[49][50][51]

Construction and contracting sector

Шаблон:Main The Turkish construction and contracting industry is made up of a large number of businesses. In 2016 a total of 39 Turkish construction and contracting companies were listed in the Top 250 International Contractors List prepared by the Engineering News-Record.[52][53]

From the beginning of the 1970s to the end of 2022, Turkish contractors have completed more than 11,605 projects in 133 countries.[54] Their business volume abroad has reached 472 billion US Dollars in 2022.[54]

As Turkey is prone to strong earthquakes, the buildings that were constructed before the post-1999 safety standards and regulations remain a major concern, with many ongoing urban redevelopment and reconstruction projects, especially in large cities. In 2019, an amnesty plan to register illegally constructed buildings for generating extra tax revenues to the government brought in $3.1 billion, but the plan was criticized for ignoring safety issues.[55] The two major earthquakes on February 6, 2023 in southern Turkey have revealed that some of the recently-built structures that collapsed weren't constructed in accordance with the latest safety regulations.

Service sector

Banking and finance

Шаблон:Main

Файл:IFM Görsel (cropped).jpg
The Turkish Central Bank and other state-owned banks such as Ziraat Bank, VakıfBank and Halkbank have their new headquarters at the Istanbul Financial Center (IFC) in Ataşehir.[56][57][58]

In 2020, the total value of assets of the banking sector in Turkey amounted to more than $800 billion.[59] As of January 2021, there were a total of 48 banks operating with 9,880 branches in Turkey and 71 branches abroad.[60] Шаблон:As of, the foreign currency deposits of the citizens and residents in Turkish banks stood at $234 billion, equivalent to around half of all deposits.[61][62] Шаблон:As of, the foreign currency reserves of the Turkish Central Bank were $62.6 billion (a 2.3% increase compared to the previous month), its gold reserves were $52.2 billion (a 7.2% increase compared to the previous month), while its official reserve assets stood at $122.4 billion (a 4.3% increase compared to the previous month).[63]

The Central Bank of the Republic of Turkey (Türkiye Cumhuriyet Merkez Bankası) was founded in 1930, as a privileged joint-stock company. It possesses the sole right to issue notes. It also has the obligation to provide for the monetary requirements of the state agricultural and commercial enterprises.

Originally established as the Ottoman Stock Exchange (Dersaadet Tahvilat Borsası) in 1866, and reorganized to its current structure at the beginning of 1986, the Istanbul Stock Exchange (ISE) is the sole securities market of Turkey.[64] During the 19th and early 20th centuries, Bankalar Caddesi (Banks Street) in Istanbul was the financial center of the Ottoman Empire, where the headquarters of the Ottoman Central Bank (established as the Bank-ı Osmanî in 1856, and later reorganized as the Bank-ı Osmanî-i Şahane in 1863)[65] and the Ottoman Stock Exchange (1866) were located.[66] Bankalar Caddesi continued to be Istanbul's main financial district until the 1990s, when most Turkish banks began moving their headquarters to the modern central business districts of Levent and Maslak.[66] In 1995, the Istanbul Stock Exchange moved to its current building in the Istinye quarter.[67] The Istanbul Gold Exchange was also established in 1995. The stock market capitalisation of listed companies in Turkey was valued at $161,537,000,000 in 2005 by the World Bank.[68]

Файл:Levent District.jpg
Akbank, Türkiye İş Bankası, Yapı Kredi, QNB Finansbank and Garanti BBVA are among the Turkish banks headquartered in Levent, Istanbul.

Government regulations passed in 1929 required all insurance companies to reinsure 30% of each policy with the Millî Reasürans T.A.Ş. (National Reinsurance Corporation) which was founded on 26 February 1929.[69] In 1954, life insurance was exempted from this requirement. The insurance market is officially regulated through the Ministry of Commerce.Шаблон:Cn

Until 1991, establishing a private sector bank in Turkey was subject to strict government controls and regulations. On 10 October 1991 (ten days before the general elections of 20 October 1991) the ANAP government of Prime Minister Mesut Yılmaz gave special permissions to five prominent businessmen (who had close links to the government) to establish their own small-scale private banks.Шаблон:Cn These were Kentbank (owned by the Süzer Group), Park Yatırım Bankası (owned by Karamehmet), Toprakbank (owned by Toprak), Bank Ekspres (owned by Betil), and Alternatif Bank (owned by Doğan.) They were followed by other small-scale private banks established between 1994 and 1995, during the DYP government of Prime Minister Tansu Çiller, who introduced drastic changes to the banking laws and regulations which made it easier to establish a bank in Turkey, but also opened many loopholes in the system.Шаблон:Cn In 1998 there were 72 banks in Turkey, many of which were owned by businessmen who used them for financing the investments of their own companies in diverse sectors, such as contracting, textiles and media.Шаблон:Cn

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.Шаблон:Cn The Turkish lira, which was pegged to the U.S. dollar prior to the crisis of 2001, had to be floated, and lost an important amount of its value. This financial breakdown reduced the number of banks to 31. Prime Minister Bülent Ecevit had to call the renowned economist Kemal Derviş to tidy up the economy and especially the weak banking system so that a similar economic crisis would not happen again.Шаблон:Cn

Файл:Ankara from bus station.jpg
Söğütözü business district in Ankara, Turkey's capital and second largest city.
Файл:Skyscrapers in Izmir - Turkey.jpg
The Mistral Towers,[70] Folkart Towers[71] and Ege Perla Towers[72] in Bayraklı, İzmir, Turkey's third largest city.

More than 34% of the assets in the Turkish banking sector are concentrated in the Agricultural Bank (Ziraat Bankası), Housing Bank (Yapı Kredi Bankası), Isbank (Türkiye İş Bankası) and Akbank.Шаблон:Cn The five big state-owned banks were restructured in 2001. Political involvement was minimized and loaning policies were changed. There are also numerous international banks, which have branches in Turkey. A number of Arabian trading banks, which practice an Islamic banking, are also present in the country.Шаблон:Cn

After years of low levels of foreign direct investment (FDI), in 2007 Turkey succeeded in attracting $21.9 billion in FDI and is expected to attract a higher figure in following years.[73] A series of large privatizations, the stability fostered by the start of Turkey's EU accession negotiations, strong and stable growth, and structural changes in the banking, retail, and telecommunications sectors have all contributed to the rise in foreign investment. Шаблон:Citation needed

At present, the Turkish banking sector is among the strongest and most expansive in East Europe, the Middle East and Central Asia.Шаблон:Citation needed Between 2001 and 2008, the Turkish lira maintained its stability, becoming an internationally exchangeable currency again, in line with the inflation that had dropped to single-digit figures during this period. The "New Turkish lira" (TRY) was introduced on 1 January 2005.[74] For a few days in March 2006, 1 New Turkish lira was slightly more valuable than 1 Swiss franc (1 CHF = 0.994 TRY on March 1, 2006),[75] maintaining a close balance with the value of the Swiss franc (CHF) until the end of December 2007.[76] On 1 January 2009, the New Turkish lira was renamed once again as the "Turkish lira", with the introduction of new banknotes and coins. Fiscal deficit benefitted (though in a small amount) from large industrial privatizations. Banking came under stress beginning in October 2008, as a result of the 2008 global financial crisis. Turkish banking authorities warned state-run banks against the pullback of loans from the larger financial sectors.[77] Turkey's economy resumed its growth between 2009 and 2013, which was followed by a period of stagnation and recession between 2014 and 2020. Turkey's GDP began to recover and grow again in the period between 2020 and 2023.

Transport

Файл:Turkish Airlines 1350321.jpg
Turkish Airlines, flag carrier of Turkey, has been selected by Skytrax as Europe's best airline for five years in a row (2011–2015).[78][79] With destinations in 129 countries worldwide, Turkish Airlines is the largest carrier in the world by number of countries served Шаблон:As of.[80]

Шаблон:Main

Файл:İstanbul Havalimanı Airport 2019 24.jpg
Istanbul Airport is the main international airport serving Istanbul, Turkey. It is a major hub in the world.
Файл:YHT train at Ankara railway station.jpg
A TCDD HT80000 high-speed train of the Turkish State Railways at the ATG terminal in Ankara

In 2013 there were ninety-eight airports in Turkey,[81] including 22 international airports.[82] Шаблон:As of, Istanbul Atatürk Airport is the 11th busiest airport in the world, serving 31,833,324 passengers between January and July 2014, according to Airports Council International.[83] The new (third) international airport of Istanbul is planned to be the largest airport in the world, with a capacity to serve 150 million passengers per annum.[84][85][86]


The state-owned utility Turkish State Railways operates the 12,740–km railway network, 23rd longest in the world. Since 2003, Turkish State Railways has also been investing in high-speed rail lines, which at 2,175 km (1,353 mi) ranked ninth longest in the world.[87]

Файл:1915 Çanakkale Bridge 20220327.jpg
The 1915 Çanakkale Bridge on the Dardanelles strait, connecting Europe and Asia, is the longest suspension bridge in the world.[88][89][90]

As of 2010, the country had a roadway network of 426,951 km, including 2,080 km of expressways and 16,784 km of divided highways.[91]

As of 2010, the Turkish merchant marine included 1,199 ships (604 registered at home), ranking 7th in the world.[92] Turkey's coastline has 1,200 km of navigable waterways.[92]

In 2008, Шаблон:Convert of natural gas pipelines and Шаблон:Convert of petroleum pipelines spanned the country's territory.[92]

Communications

Шаблон:Main

As of 2008, there were 17,502,000 operational landline telephones in Turkey, which ranked 18th in the world;[92] while there were 65,824,000 registered mobile phones in the country, which ranked 15th in the world during the same year.[92] The largest landline telephone operator is Türk Telekom, which also owns TTNET, the largest internet service provider in Turkey.Шаблон:Cn The largest mobile phone operators in the country are Turkcell, Vodafone Turkey, Avea and TTNET Mobil.Шаблон:Cn

The telecommunications liberalisation process started in 2004 after the creation of the Telecommunication Authority, and is still ongoing.Шаблон:Cn Private sector companies operate in mobile telephony, long-distance telephony and Internet access. Additional digital exchanges are permitting a rapid increase in subscribers;Шаблон:Cn the construction of a network of technologically advanced intercity trunk lines, using both fiber-optic cable and digital microwave radio relay, is facilitating communication between urban centers.[92]

The remote areas of the country are reached by a domestic satellite system, while the number of subscribers to mobile-cellular telephone service is growing rapidly.[92]

The main line international telephone service is provided by the SEA-ME-WE 3 submarine communications cable and by submarine fiber-optic cables in the Mediterranean Sea and Black Sea that link Turkey with Italy, Greece, Israel, Bulgaria, Romania, and Russia.[92] In 2002, there were 12 Intelsat satellite earth stations; and 328 mobile satellite terminals in the Inmarsat and Eutelsat systems.[92]

Türksat A.Ş. is the primary communications satellite operator of Turkey, controlling the Turksat series of satellites. Göktürk-1, Göktürk-2 and Göktürk-3 are Turkey's earth observation satellites for reconnaissance, operated by the Turkish Ministry of National Defense. BILSAT-1 and RASAT are the scientific observation satellites operated by the TÜBİTAK Space Technologies Research Institute, which (together with Turkish Aerospace Industries and Aselsan) also takes part in the production of Turkey's satellites.Шаблон:Cn

As of 2001, there were 16 AM, 107 FM, and 6 shortwave radio stations in the country.[92]

As of 2015, there were 42,275,017 internet users in Turkey, which ranked 15th in the world;[92] while as of 2012, there were 7,093,000 internet hosts in the country, which ranked 16th in the world.[92]

Tourism

Шаблон:Main

Файл:Ölüdeniz on the Turquoise Coast, Turkey.jpg
Ölüdeniz on the Turkish Riviera

In 2019, Turkey ranked sixth in the world in terms of the number of international tourist arrivals, with 51.2 million foreign tourists visiting the country.[93] Over the years, Turkey has emerged as a popular tourist destination for many Europeans, competing with Greece, Italy and Spain. Resorts in provinces such as Antalya and Muğla (which are located on the Turkish Riviera) have become very popular among tourists.Шаблон:Cn

Medical tourism

Шаблон:Main

Файл:BaşakşehirCityHospital (1).jpg
Public Başakşehir Çam and Sakura City Hospital in Istanbul

There are numerous private hospitals in Turkey, which has benefited from medical tourism in recent years. Health tourism generated revenues worth $1 billion in 2019 for Turkey's economy.[94] A total of 662,087 patients were treated at Turkish hospitals in 2019 within the scope of health tourism, with around 60% of the income being obtained from plastic surgeries.[94]

Largest companies

In 2022, 9 Turkish companies were listed in the Forbes Global 2000 list – an annual ranking of the top 2000 public companies in the world by Forbes magazine.[95] Banking industry leads with 4 companies in the list followed by airline, automotive and metallurgy industry with 1 companies each. There are also 2 conglomerates. As of 2022, listed companies were:

World Rank Company Industry Revenue
(billion $)
Profits
(billion $)
Assets
(billion $)
Market Value
(billion $)
626 Koç Holding Conglomerate 38.84 1.7 76.85 6.79
884 İş Bankası Banking 12.25 0.94 95.42 3.2
902 Sabancı Holding Conglomerate 10.51 1.35 61.73 2.79
1224 Turkish Airlines Airline 10.91 0.92 26.64 3.72
1262 Akbank Banking 5.97 0.94 61.91 3.22
1353 Halkbank Banking 7.66 0.52 93.67 1.97
1381 VakıfBank Banking 7.66 0.51 85.49 2.22
1478 Erdemir Metallurgy 7.64 1.74 9.52 8.04
1793 Ford Otosan Automotive Industry 7.96 0.98 3.23 7.17

Long term GDP forecasts

Шаблон:Main

The following table is an OECD Long Term Projections made in February 2022 for largest 16 economies by GDP using PPP exchange rates from 2030 to 2060. [96]

Шаблон:Static row numbersШаблон:Mw-datatableШаблон:Sticky headerШаблон:Sort underШаблон:Table alignment

External trade and investment

Шаблон:Update section

Файл:EU and Turkey Locator Map.png
Turkey joined the European Union Customs Union (EUCU) in 1995
Файл:Organization of Turkic States (orthographic projection).svg
Members and observers of the Organization of Turkic States
Файл:Map-TurksoyMembers.svg
Members of the International Organization of Turkic Culture

As of 2016, the main trading partners of Turkey are Germany, Russia and the United Kingdom, UAE, Iraq, Italy and China, many being top in both export as well as import.[97] Turkey has taken advantage of a customs union with the European Union, signed in 1995, to increase industrial production for exports, while benefiting from EU-origin foreign investment into the country.[98] In addition to Customs Union, Turkey has free-trade agreements with 22 countries.[99]

A very large aspect of Turkey trade revolves around the automotive industry, where its top exports are cars, accounting for $13.2 billion. Other top exports from the country are gold, delivery trucks, vehicle parts and jewelry, which are respectively, $6.96 billion, $5.04 billion, $4.64 billion, and $3.39 billion. These values are calculated using the 1992 revision of the Harmonized System classification. 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.[100]

Turkey is also a source of foreign direct investment in central and eastern Europe and the CIS, with more than $1.5 billion invested. 32% has been invested in Russia, primarily in the natural resources and construction sector, and 46% in Turkey's Black Sea neighbours, Bulgaria and Romania. Turkish companies also have sizable FDI stocks in Poland, at about $100 million.Шаблон:Cn

The construction and contracting companies, such as Enka, Rönesans Holding and Tekfen, have been significant players in the country's economy.Шаблон:Cn

Without a carbon price exporters to the EU will have to pay the CBAM from 2026.[101]

Turkey had many improvements in the ease of doing business index. Its rank increased from 68th in 2017 to 33th in 2020. As of 2021, it was performing better than countries like the Netherlands and Belgium.[102][103][104]

Natural resources

Energy

Шаблон:Excerpt

Renewable energy

Шаблон:Excerpt

Fossil fuels

Gas

Шаблон:Excerpt

Oil

Шаблон:Excerpt

Coal

Шаблон:Excerpt

Minerals

Файл:ALİ EKŞİ KMPAŞA BEJİ - panoramio.jpg
Marble quarries in Turkey. Turkey's reserves amount to 72% of the world's total.Шаблон:Cn

Turkey is the tenth-ranked producer of minerals in the world in terms of diversity. Around 60 different minerals are currently produced in Turkey. The richest mineral deposits in the country are boron salts, Turkey's reserves amount to 72% of the world's total.Шаблон:Cn According to the CIA World Factbook, other natural resources include iron ore, copper, chromium, uranium, antimony, mercury, gold, silver, barite, borate, celestine (strontium), emery, feldspar, limestone, magnesite, marble, perlite, pumice, pyrites (sulfur) and clay.Шаблон:Cn

In 2019, the country was the 2nd largest world producer of chromium;[105] the world's largest producer of boron;[106] 6th largest world producer of antimony;[107] 9th largest world producer of lead;[108] 13th largest world producer of iron ore;[109] 11th largest world producer of molybdenum;[110] 4th largest world producer of gypsum;[111] 15th largest world producer of graphite;[112] in addition to being the 11th largest world producer of salt.[113]

As a gold producer Turkey is currently ranked 22nd globally. Hosting some of the largest gold deposits in the European continent it is currently Europe's largest gold producer, producing 42 tonnes of gold in 2020.[114] World class deposits include Kisladag Mine 17Moz and Copler 10Moz. The country hosts 18 mid sized deposits from 1-10Moz gold, these include the Kiziltepe Gold Mine, Salinbas, Hod Maden, Ovacik and Efemcukuru.Шаблон:Cn

Environment

Шаблон:See also

Файл:Renewable energy increases employment in Turkey.jpg
Renewable energy increases employment in TurkeyШаблон:Cn

Almost all post-covid stimulus was detrimental to the environment, with Russia being the only worse country.[115] In the 21st century, Turkey's fossil fuel subsidies are around 0.2% of GDP,[116][117] including at least US$14 billion (US$169 per person) between January 2020 and September 2021.[118] Data on finance for fossil fuels by state-owned banks and export credit agencies is not public.[119] As of 2023 fossil gas is subsidized more than electricity - equalizing the subsidies would benefit the environment.[120]

Employment

Шаблон:Expand section In 2021 trade unions complained that TurkStat data showed unemployment falling whereas that of the government employment agency showed it rising.[121] Environmentalists argue that some actions to improve the environment would also benefit the economy, for example: that investing in wind power in Turkey and solar power in Turkey would create jobs and is competitive with fossil fuels.[122]

Poverty

Шаблон:Excerpt

Regional disparities

Шаблон:See also

According to Eurostat data, Turkish GDP per capita adjusted by purchasing power standards stood at 64 percent of the EU average in 2018.[123] Istanbul has the largest GDP and GDP per capita in Turkey.

The country's wealth is mainly concentrated in the northwest and west, while the east and southeast suffer from poverty, lower economic production and higher levels of unemployment.[124] However, in line with the rapid growth of Turkey's GDP during the first two decades of the 21st century (with brief periods of stagnation and recession), parts of Anatolia began reaching a higher economic standard. These cities are known as the Anatolian Tigers.Шаблон:Cn Шаблон:Clear right

Шаблон:Col-begin Шаблон:Col-2

Richest and poorest NUTS-2 regions (GDP PPP 2017)

Region GDP per capita 2017
in euros As % of EU-28 average
Шаблон:Flag 20,282 52.73%
Richest Istanbul 29,000 60.8%
Ankara 28,900 58.33%
Kocaeli 25,000 55.2%
Bursa 22,000 52.4%
Tekirdağ 20,700 51.65%
Izmir 18,500 48.1%
Antalya 17,600 45.76%
Balıkesir 17,000 44.2%
Aydın 16,500 42.9%
Zonguldak 16,000 41.6%
Manisa 15,590 40.53%
Adana 14,600 37.96%
Kırıkkale 14,000 39%
Konya 14,400 36.4%
Samsun 13,200 34.32%
Kayseri 12,000 31.2%
Trabzon 11,000 28.598%
Kastamonu 10,000 26%
Erzurum 9,600 24.96%
Hatay 9,000 23.098%
Malatya 8,600 22.358%
Gaziantep 8,000 20.8%
Mardin 7,700 20.02%
Şanlıurfa 7,000 18.2%
Ağrı 6,500 16.9%
Poorest Van 6,000 15.6%

Source: Eurostat – ESA 95[125]

Шаблон:Col-2

Richest and poorest NUTS-1 regions (GDP PPP 2017)

Region GDP per capita 2017
in euros As % of EU-28 average
Шаблон:Flag 20,282 52.73%
Richest Istanbul 24,000 62.395%
East Marmara 22,500 58.495%
West Anatolia 20,900 54.336%
West Marmara 19,700 51.216%
Aegean 19,400 50.435%
Mediterranean 15,900 41.3363%
West Black Sea 14,300 37.177%
Central Anatolia 13,800 35.877%
East Black Sea 12,500 32.497%
Northeast Anatolia 9,400 24.44%
Southeast Anatolia 8,650 23.089%
Poorest Central East Anatolia 8,600 22.358%

Source: Eurostat – ESA 95[126]

Шаблон:Col-2 Шаблон:Col-end

See also

Notes

Шаблон:Notelist

References

Шаблон:Reflist

External links

Шаблон:Commons category

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