Turkey has a
population of 83 million and a land area of 302,535 square miles. This is an
80% Sunni Muslim country located between Russia and the rest of Europe. It sits
like an island with the Black Sea above and the Mediterranean Sea below.
Turkey borders Syria,
Iran and Iraq, Georgia, Armenia, North on the Black Sea it borders Russia,
Ukraine, Romania and Bulgaria. It has port and land access on all sides.
Turkey’s Nominal GDP
in 2018 was $766.4 billion. Nominal Per Capita GDP was $9,346. GDP Growth was
2.6%. GDP by sector was agriculture 8.6%, industry 27.1%, services 64.3%. Labor
Force is 35 million. Labor Force by occupation is agriculture 17.7%, industry
27%, services 55.3%.
Inflation in 2019 is
17.45%, Unemployment is 10.1%. Poverty is approaching 41.3%. Average salary is
$6,876.
Main Industries are
textile, food processing, autos, electronics, tourism, mining, coal, chromite,
copper, boron, steel, petroleum, construction, lumber and paper. Ease of doing
business 43rd.
Exports in 2017 were
$157.1 billion in apparel, foodstuffs, textiles, metal manufactures and
transport equipment sold to Germany 9.6%, UK 6.1%, UAE 5.9%, Iraq 5.6%, US
5.5%, Italy 5.4%, France 4.2%, Spain 4%.
Imports in 2017 were
$234.2 billion in machinery, chemicals, simi-finished goods, fuels and
transport equipment bought from China 10%, Germany 9.1%, Russia 8.4%, US 5.1%,
Italy 4.8%.
Government revenue in
2017 was $172.8 billion, spending was $185.8 billion. Debt to GDP was 26.5%.
External debt was $452.4 billion. Foreign reserves $107.7 billion.
Comments
Turkey is experiencing
high unemployment and high inflation. The country has been successful, but
facing economic contraction in Europe. They are looking to the
Russian-connected side, but are members of NATO. They want to expand their
trade.
Norb Leahy, Dunwoody
GA Tea Party Leader
No comments:
Post a Comment