Turkey to enter top 10 largest economies by 2023

[Ir.Tab.]

The KOF Index of Globalization (between 0 to 100) measures the three main dimensions of globalization:

economic
social
and political.

In addition to three indices measuring these dimensions, an overall index of globalization and sub-indices are calculated referring to:

actual economic flows
economic restrictions
data on information flows
data on personal contact
and data on cultural proximity.

Data are available on a yearly basis for 208 countries over the period 1970 - 2009. The web application "Query Index" enables you to query the KOF Index of Globalization in detail:

KOF Index of Globalization

Year 2001 2002 2003 2004 2005 2006 2007 2008 2009
Index 62.83 61.66 62.58 63.39 69.49 67.75 68.69 68.86 69.99

2010 List by KOF Index of Globalization ranks turkey as 56th. Considering an average of 1% growing rate per year it should be around 72% now. around 82% at 2023. Very good, something like Italy position now. We will check more indexes, this is only the first one.

buddy, where did you find those treemaps?

List of countries by economic complexity - Wikipedia, the free encyclopedia

 

[Malik Alashter]

I have some doubt that Turkey get into that position for one big reason its the Turkish leader eagerness to be political power!!! look at S.Korea or Japan they got what they Got because of there been politically quite. from 2003-2011 Turkey was politically quite that's why it grow ups 3 times? just thing about it.

 

[Ir.Tab.]

I have some doubt that Turkey get into that position for one big reason its the Turkish leader eagerness to be political power!!! look at S.Korea or Japan they got what they Got because of there been politically quite. from 2003-2011 Turkey was politically quite that's why it grow ups 3 times? just thing about it.

I am disagreed, Check top 10 of today, only japan & Canada matching that criteria. What about other 8?

 

[Ir.Tab.]

Gender gap (0-1) assesses countries on how well they are dividing their resources and opportunities among their male and female populations, regardless of the overall levels of these resources and opportunities. It examines four critical areas of inequality between men and women in 130 economies around the globe, over 92% of the world’s population:

1. Economic participation and opportunity – outcomes on salaries, participation levels and access to high-skilled employment
2. Educational attainment – outcomes on access to basic and higher level education
3. Political empowerment – outcomes on representation in decision-making structures
4. Health and survival – outcomes on life expectancy and sex ratio

Global Gender Gap Index 2011 scores

Gender gap comparison of countries with an arrangement based on the nominal GDP:

Year 2006 2011
US: 0.7042 0.7412
China: 0.6561 0.6866
Japan: 0.6447 0.6514
Germany: 0.7524 0.7590
France: 0.6520 0.7018
Brazil: 0.6543 0.6679
Russia: 0.6770 0.7037
S Korea: 0.6157 0.6281
Turkey: 0.5850 0.5954

Some could find more information at: Global Gender Gap Report - Wikipedia, the free encyclopedia

It seems this index is more a "developing & modernity" indicator, not having direct effect on GDP value. But personally I am not happy to see beloved Turkey, Iran & Pakistan with rankings under 100 between 135 countries.

 

[500]

1 United States 15,094,025
2 China 7,298,147
3 Japan 5,869,471
4 Germany 3,577,031
5 France 2,776,324
6 Brazil 2,492,908
7 United Kingdom 2,417,570
8 Italy 2,198,730
9 Russia 1,850,401
10 Canada 1,736,869
11 India 1,676,143
12 Spain 1,493,513
13 Australia 1,488,221
14 Mexico 1,154,784
15 South Korea 1,116,247
16 Indonesia 845,680
17 Netherlands 840,433
18 Turkey 778,089

Turkey most probably will bypass Netherlands. Others highly unlikely.

 

[Zulkarneyn]

1 United States 15,094,025
2 China 7,298,147
3 Japan 5,869,471
4 Germany 3,577,031
5 France 2,776,324
6 Brazil 2,492,908
7 United Kingdom 2,417,570
8 Italy 2,198,730
9 Russia 1,850,401
10 Canada 1,736,869
11 India 1,676,143
12 Spain 1,493,513
13 Australia 1,488,221
14 Mexico 1,154,784
15 South Korea 1,116,247
16 Indonesia 845,680
17 Netherlands 840,433
18 Turkey 778,089

Turkey most probably will bypass Netherlands. Others highly unlikely.

Netherlands, South Korea, Australia, Spain and Canada very probable. Hence 13th biggest economy in 2023 possible achievement.

 

[BronzePlaque]

1 United States 15,094,025
2 China 7,298,147
3 Japan 5,869,471
4 Germany 3,577,031
5 France 2,776,324
6 Brazil 2,492,908
7 United Kingdom 2,417,570
8 Italy 2,198,730
9 Russia 1,850,401
10 Canada 1,736,869
11 India 1,676,143
12 Spain 1,493,513
13 Australia 1,488,221
14 Mexico 1,154,784
15 South Korea 1,116,247
16 Indonesia 845,680
17 Netherlands 840,433
18 Turkey 778,089

Turkey most probably will bypass Netherlands. Others highly unlikely.

It depends..Turkey, in her republic history, has never seen such stable government after implemented multi-party system..This is our 61. government..In every 4 years there is a general election..Normally we should have 22th government..But with this stable government Turkey almost quadrupled her GDP with constant increase..So i am optimistic, not for 2023 but around 2030s, i think its likely, at least not unreachable

 

[Ir.Tab.]

the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.

The Global Competitiveness Report 2011-2012

Page 11 of that 544 pages of report indicates that Turkey is among those which are in transition from stage 2 to 3. On page 10 the definition of "transition from stage 2 to 3" had been given.

Table 3 on page 15 shows the global competitiveness rankings and 2010–2011 comparisons. Turkey ranking has improved from 61 to 59 between 2010 to 2011.

Page 27 gives a short conclusions:
"Turkey moves up by two places this year to 59th position. The country benefits from its large market (17th), which is characterized by intense local competition (13th). Turkey also benefits from its reasonably developed infrastructure (51st), particularly roads and air transport, although ports and the electricity supply require upgrading. In order to further enhance its competitiveness, Turkey must focus on improving its human resources base through better primary education and healthcare (75th) and higher education and training (74th), increasing the efficiency of its labor market (133rd), and reinforcing the efficiency and transparency of its public institutions (86th)."

Pages 352 & 353 provide detailed information about Turkey. And to know to what extent the judiciary in your country is independent from influences of members of government, citizens, or firms please check the table at page 379. Gross domestic product of countries has given at page 384.

I strongly recommend to read this report. It improved the political-economical knowledge of me. Please check the Data Tables from pages 384 to 520. They are awesome.

 

[fly2012]

Netherlands, South Korea, Australia, Spain and Canada very probable. Hence 13th biggest economy in 2023 possible achievement.

And Mexico. Countries like Italy and Spain may head to the other direction as well. I personally feel that in this list, India, Indonesia and Turkey have the potential of making top 10 in near future, if not by 2023. And Italy, Russia(too many factors on Russia, hard to say) and Canada will drop out of the top ten league.

 

[Selim I]

It depends..Turkey, in her republic history, has never seen such stable government after implemented multi-party system..This is our 61. government..In every 4 years there is a general election..Normally we should have 22th government..But with this stable government Turkey almost quadrupled her GDP with constant increase..So i am optimistic, not for 2023 but around 2030s, i think its likely, at least not unreachable

Top 10 sounds a little bit too eager of a goal to me by 2023, but it is not impossible.
What I am certain of, is that Turkey will surpass Netherlands and Indonesia within the next 3-5 years. Mexico and South Korea would be within 8 years. Spain would be in the next 10-11 years. India is showing a big progress each year, so I don't think we will surpass India anytime soon.

I would say Turkey in top 12 by 2023 is a very reachable goal. These are my thoughts.

 

[Mosamania]

the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.

The Global Competitiveness Report 2011-2012

Page 11 of that 544 pages report indicates that Turkey is among those which are in transition from stage 2 to 3. On page 10 the definition of "transition from stage 2 to 3" had been given.

Table 3 on page 15 shows the global competitiveness rankings and 2010–2011 comparisons. Turkey ranking has improved from 61 to 59 between 2010 to 2011.

Page 27 gives a short conclusions:
"Turkey moves up by two places this year to 59th position. The country benefits from its large market (17th), which is characterized by intense local competition (13th). Turkey also benefits from its reasonably developed infrastructure (51st), particularly roads and air transport, although ports and the electricity supply require upgrading. In order to further enhance its competitiveness, Turkey must focus on improving its human resources base through better primary education and healthcare (75th) and higher education and training (74th), increasing the efficiency of its labor market (133rd), and reinforcing the efficiency and transparency of its public institutions (86th)."

Pages 352 & 353 provide detailed information about Turkey. And to know to what extent the judiciary in your country is independent from influences of members of government, citizens, or firms please check the table at page 379. Gross domestic product of countries has given at page 384.

I strongly recommend to read this report. It improved the political-economical knowledge of me. Please check the Data Tables from pages 384 to 520. They are awesome.

Our Competitivness is the highest in the region and one of the highest on the world. Kudos to Saudi government for this endeavor. This will really absorb investors from all directions something we are seeing right now.

 

[what]

Thats what I'm saying all the time to my friends and family, we need more and better education. The average Turkish students English is awful. Gender equality comes with education. We're not even world-average.

We should for now (short-term) start a incentive for highly skilled from Muslim countries, but we don't even have a law about immigration. If we could do something similar to Canada that would be freaking awesome. I could very well imagine having some Pakistani engineers or Iranian scientists. Due to our recent economic performance we're allready getting some skilled labour from Greece and East-Europe, without even trying to get them.

 

[fly2012]

Our Competitivness is the highest in the region and one of the highest on the world. Kudos to Saudi government for this endeavor. This will really absorb investors from all directions something we are seeing right now.

I know this is a bit far-fetched but a combination of Saudi and Turkey looks very promising. With Saudi's resource and investiment and Turkey's industrial capabilities the two can make a great power.

 

[what]

Top 10 sounds a little bit too eager of a goal to me by 2023, but it is not impossible.
What I am certain of, is that Turkey will surpass Netherlands and Indonesia within the next 3-5 years. Mexico and South Korea would be within 8 years. Spain would be in the next 10-11 years. India is showing a big progress each year, so I don't think we will surpass India anytime soon.

I would say Turkey in top 12 by 2023 is a very reachable goal. These are my thoughts.

There is no chance that we will pass India or Indonesia, if anything Indonesia will make the same development as China or Japan in the 60-70s. India has unlike China not even reached is potentital because of the incompetence of the Politicians.

Someone mentioned Canada. If Canada spends its revenue from selling its ressources wisely it will be also hard to catch them.

I can only see Italy and Spain declining. But what matters to me is GDP per capita, of course India or China has a bigger GDP. But the average citizen is also significantly poorer. Instead of aiming for Top 10 GDP we should aim for a average income per capita of 20.000 euros. That would be a great achievment.

 

[BordoEnes]

There is no chance that we will pass India or Indonesia, if anything Indonesia will make the same development as China or Japan in the 60-70s. India has unlike China not even reached is potentital because of the incompetence of the Politicians.

Someone mentioned Canada. If Canada spends its revenue from selling its ressources wisely it will be also hard to catch them.

I can only see Italy and Spain declining. But what matters to me is GDP per capita, of course India or China has a bigger GDP. But the average citizen is also significantly poorer. Instead of aiming for Top 10 GDP we should aim for a average income per capita of 20.000 euros. That would be a great achievment.

Well yes we are aiming for that to, Under the 2023 vision we want the GDP per Capita to become around 25.000. Thats pretty damn good in my eyes.