Turkey
General Info
| Official Name | Republic of Turkey |
| Area | 783,562 sq km |
| Arable as % of Total Land | 30% |
| Population | 70.5 m. |
| Main Cities | Istanbul, Ankara (capital), Izmir, Bursa, Adana |
| Climate | Mediterranean on the south coast, continental inland |
| Language | Turkish |
| Measures | Metric system |
| Currency | Turkish Lira |
| Time | 2 hours ahead of GMT; 3 hours in summer |
| Weekends | Saturday, Sunday |
| Main Harbours | Istanbul, Izmit, İzmir, Mersin, Antalya, Iskenderun, Trabzon |
| Main Airports | Istanbul-Ataturk, Ankara, Izmir |
Location and Geography:
Turkey is the largest country in Europe (aside from Russia). It is bordered by Georgia, Armenia, Azerbaijan and Iran in the East, Iraq, Syria and the Mediterranean Sea in the South, Greece and Bulgaria in the North-west, the Black Sea in the North, and the Aegean Sea in the West. Marmara is an inland sea that separates Europe and Asia by two natural passages: Dardanel and Bosphorus. The land in Europe is called Trakya. Anatolia, which is the land area located in Asia, is a high plateau bounded by the Pontic Mountains in the North, the Taurus Mountains in the South, and stretching out to the peak of Mount Ararat in the Caucasus Mountains in the East. Mountain ranges give way to narrow coastal plains in the North-east and South, and to treeless valleys between rolling hills and low mountains in the centre. The climate varies considerably across Turkey from North to South and West to East. It is mild on the Black Sea coast, warm on the Aegean and Mediterranean coasts, and cold and dry in the inland.
Economic Indicators
| 2003 | 2004 | 2005 | 2006 | 2007 | |
| GDP | |||||
| Nominal GDP (US$bn) | 304,901 | 390,387 | 481,497 | 526,429 | 658,786 |
| Real GDP Growth (%) | 5.3 | 9.4 | 8.4 | 6.9 | 4.5 |
| Origin of GDP (%real change) | |||||
| Agriculture | -2.0 | 2.8 | 7.2 | 1.4 | -6.8 |
| Industry | 7.8 | 11.8 | 8.7 | 10.2 | 5.4 |
| Services | 5.3 | 9.2 | 8.0 | 6.0 | 5.9 |
| GDP per capita (US$ at PPP) | 6,362 | 7,011 | 7,654 | 8,332 | 8,820 |
| Prices and financial indicators | |||||
| Exchange Rates YTL:US$ (end-period) | 1.397 | 1.340 | 1.345 | 1.409 | 1.162 |
| Consumer Prices (end period; % change) | 18.4 | 9.3 | 10.5 | 9.6 | 8.4 |
| Lending interest rate (av; %) | 48 | 35 | 26 | 28 | 27 |
| Trade Balance | -22,087 | -34,373 | -43,298 | -54,041 | -62,842 |
| Goods:exports fob | 47,253 | 63,167 | 73,476 | 85,535 | 107,215 |
| Goods: imports cif | -69,340 | -97,540 | -116,774 | -139,576 | -170,057 |
| Current-account balance (US$bn) | -14.4 | -22.1 | -31.9 | -37,9 | |
| External Debt (US$m) | |||||
| Debt stock | 144,351 | 161,052 | 169,279 | 207,854 | 247,183 |
| Debt service paid | 28,272 | 32,973 | 41,313 | 40,511 | 53,146 |
| Interest | 6,723 | 7,335 | 8,474 | 9,500 | 13,164 |
| Total International Reserves (US$m) | 35,549 | 37,252 | 52,491 | 63,265 | 76,507 |
Trade Figures
a.
| US$m |
2003 |
2004 |
2005 |
2006 |
2007 |
| Exports (FOB) |
47,253 |
63,167 |
73,476 |
85,535 |
107,215 |
| Imports (CIF) |
69,340 |
97,540 |
116,774 |
139,576 |
170,057 |
| Trade Volume |
116,593 |
160,707 |
190,251 |
225,111 |
277,272 |
| Trade Balance |
-22,087 |
-34,373 |
-43,298 |
-54,041 |
-62,842 |
| Exports/ Imports(%) |
68.1 |
64.8 |
62.9 |
61.3 |
63.0 |
| Exports/ GNP (%) |
15.5 |
16.2 |
15.3 |
16.2 |
16.3 |
| Imports/ GNP(%) |
22.7 |
25.0 |
24.3 |
26.5 |
25.8 |
b.
|
(US$m) |
2003 |
2004 |
2005 |
2006 |
2007 |
| Total Exports
by country |
47,250 |
63,167 |
73,474 |
85,531 |
107,215 |
| List Total |
27,185 |
36,463 |
41,024 |
46,752 |
57,453 |
| Share |
57.5 |
57.7 |
55.8 |
54.7 |
53.6 |
| Germany |
7,485 |
8,745 |
9,455 |
9,686 |
11,993 |
| United Kingdom |
3,670 |
5,544 |
5,917 |
6,814 |
8,627 |
| Italy |
3,193 |
4,648 |
5,617 |
6,752 |
7,480 |
| France |
2,826 |
3,668 |
3,806 |
4,604 |
5,974 |
| Russia |
1,368 |
1,859 |
2,377 |
3,238 |
4,727 |
| Spain |
1,789 |
2,620 |
3,011 |
3,720 |
4,580 |
| United States |
3,752 |
4,860 |
4,911 |
5,061 |
4,168 |
| Romania |
873 |
1,235 |
1,785 |
2,350 |
3,644 |
| United Arap Emirates |
703 |
1,144 |
1,675 |
1,986 |
3,241 |
| Holland |
1,526 |
2,138 |
2,470 |
2,539 |
3,019 |
|
US$m |
2003 |
2004 |
2005 |
2006 |
2007 |
| Total Imports by country |
69,340 |
97,540 |
116,774 |
139,576 |
170,057 |
| List Total |
43,623 |
61,857 |
74,165 |
89,635 |
110,855 |
| Share |
62.9% |
63.4% |
63.5% |
64.2% |
65.2% |
| Russia |
5,451 |
9,033 |
12,906 |
17,806 |
23,508 |
| Germany |
9,453 |
12,516 |
13,634 |
14,768 |
17,540 |
| China |
2,610 |
4,476 |
6,885 |
9,669 |
13,234 |
| Italy |
5,472 |
6,866 |
7,566 |
8,663 |
9,968 |
| United States |
3,496 |
4,745 |
5,376 |
6,261 |
8,164 |
| France |
4,164 |
6,201 |
5,888 |
7,240 |
7,850 |
| Iran |
1,861 |
1,962 |
3,470 |
5,627 |
6,614 |
| United Kingdom |
3,500 |
4,317 |
4,696 |
5,138 |
5,477 |
| Switzerland |
2,968 |
3,405 |
4,054 |
4,015 |
5,269 |
| Ukraine |
1,332 |
2,509 |
2,651 |
3,059 |
4,519 |
| South Korea |
1,312 |
2,573 |
3,485 |
3,556 |
4,370 |
| Spain |
2,004 |
3,254 |
3,555 |
3,833 |
4,343 |
c.
|
Exports by selected chapters (US$m) |
2007 |
Share |
|
Imports by selected chapters (US$m) |
2007 |
Share |
| 87-Vehicles other than railway or tramway rolling-stock |
15,902 |
14.8% | 27-Mineral fuels,mineral oils and products of their distillation |
33,876 |
19.9% | |
| 84-Machineries, mechanical appliances, boilers and; parts thereof |
8,747 |
8.1% | 84-Machineries, mechanical appliances, boilers and; parts thereof |
22,581 |
13.2% | |
| 72-Iron and steel |
8,352 |
7.7% | 72-Iron and steel |
16,171 |
9.5% | |
| 61-Articles of apparel and clothing accessories knitted |
8,021 |
7.4% | 85-Electrical machinery and equipment |
13,286 |
7.8% | |
| 85-Electrical machinery and equipment |
7,421 |
6.9% | 87-Vehicles other than railway or tramway rolling-stock |
12,397 |
7.2% | |
| 62-Articles of apparel and clothing accessories,not knitted |
5,444 |
5.0% | 39-Plastics and articles thereof |
8,684 |
5.1% | |
| 27- Mineral fuels,mineral oils and products of their distillation |
5,147 |
4.8% | 71-Pearl and other precious stone and products,coins |
5,904 |
3.4% | |
| Grand Total |
107,215 |
100% | Grand Total |
170,057 |
100% |
d.
| Exports US$m |
2003 |
2004 |
2005 |
2006 |
2007 |
| Agriculture & Forestry |
2,121 |
2,542 |
3,329 |
3,481 |
3,725 |
| Fishing |
81 |
103 |
140 |
131 |
158 |
| Mining |
469 |
649 |
810 |
1,146 |
1,661 |
| Manufacturing |
44,378 |
59,579 |
68,813 |
80,246 |
101,025 |
| Others |
204 |
294 |
384 |
531 |
646 |
|
Total |
47,253 |
63,167 |
73,476 |
85,535 |
107,215 |
| Imports US$m |
2003 |
2004 |
2005 |
2006 |
2007 |
| Agriculture & Forestry |
2,535 |
2,757 |
2,801 |
2,902 |
4,641 |
| Fishing |
2 |
8 |
24 |
33 |
31 |
| Mining |
9,021 |
10,981 |
16,321 |
22,034 |
25,314 |
| Manufacturing |
55,690 |
80,448 |
94,208 |
110,379 |
133,933 |
| Others |
2,092 |
3,346 |
3,419 |
4,229 |
6,139 |
|
Total |
69,340 |
97,540 |
116,774 |
139,576 |
170,057 |
IV. Others
Industry
Main industries of country
textiles, food processing, autos, electronics, mining (coal, chromite, copper, boron), steel, petroleum, construction, lumber, paper
Agrıculture
tobacco, cotton, grain, olives, sugar beets, pulse, citrus; livestock
Turkey has a dynamic economy that is a complex mix of modern industry and commerce along with traditional crafts and agriculture. Some of its main natural resources are antimony, coal, chromium, bauxite, mercury, copper, iron ore, borate and sulphur. It has a strong industrial base in textiles and food processing. Cotton production is a major input of the textile sector. Telecommunications, automotive and tourism are the fastest growing sectors in Turkey. A large arable area and a variety of climates enable the production of a diversity of crops. Turkey is also a major agricultural producer and among the world’s eight food self-sufficient countries. It also ranks as the fifth and ninth, respectively, in terms of the world’s vegetable and fruit production. It is the largest cotton, tea and tobacco producer in Europe.


















