Turkish Economy - News & Updates

[what]

Did you guys know that the Turkish-Egyptian trade was probably the most benefitting trade relationship between two parties in the whole Middle East?

Why is that?

 

[Constantinople]

Egypt does not know that it distinguishes between economy and politics and this is ridiculous. Turkish politics it's bad also. Look now at the alliance between Egypt-Greece and Cyprus ( and maybe Lebanon soon ) on gas. Where is Turkey from this situation. Nothing at all

 

[kartal1]

https://twitter.com/x/status/936289400253747200

 

[KediKesenFare3]

Why is that?

Because it was a steadily growing trade relationship based solely on real goods and services. This kind of trade is the most benefitting trade relationship of all. It creates real wealth through real trade. No oil and/or energy business was included, it was probably the largest non-energy related trade between two Muslim nations in the Middle East. It kinda reminded me of the German-French trade. Things has changed anyway, though.

 

[Beno]

Economic growth in Turkey to exceed 6% in 2017 and is expected to be between 4.5-5% in 2018 and 2019.

http://www.oecd.org/economy/turkey-economic-forecast-summary.htm

The number of tourists have increased with 28% compared to the previous year. A total of 29 million tourists have visited Turkey between January and October this year.

http://www.novinite.com/articles/185765/Turkey+Reports+Growth+in+Tourists

 

[OguzSenturk]

exports up %14.2 in november 2017.

http://www.haberturk.com/ihracat-rakamlari-aciklandi-1737345-ekonomi

 

[Mr.Department]

Turkish Cargo received its first of 2 Boeing-777 Cargo planes.
It can transport 102 tons over a distance of 9200 km.

Next deliveries will probably wide body 789 passenger airplanes.

 

[Bismarck]

exports up %14.2 in november 2017.

http://www.haberturk.com/ihracat-rakamlari-aciklandi-1737345-ekonomi

“According to the unofficial data compiled by TurkStat and the Ministry of Customs and Trade, Turkey's imports were also up in the same period, increasing by 25 percent to $21.3 billion.”

https://www.dailysabah.com/economy/2017/12/01/turkeys-exports-up-9-pct-in-october

 

[Mr.Department]

“According to the unofficial data compiled by TurkStat and the Ministry of Customs and Trade, Turkey's imports were also up in the same period, increasing by 25 percent to $21.3 billion.”

https://www.dailysabah.com/economy/2017/12/01/turkeys-exports-up-9-pct-in-october

Right there is no balance of Import to Export. But balance is done by tourism and others.

 

[Bismarck]

Right there is no balance of Import to Export. But balance is done by tourism and others.

Deficit is between $ 60-70 billon. Tourism income approximated ~ $ 30 billon. Net deficit $ 30-40 billon. Every year.

 

[Mr.Department]

Deficit is between $ 60-70 billon. Tourism income approximated ~ $ 30 billon. Net deficit $ 30-40 billon. Every year.

Right. Turkey has a deficit. The main difference between GER and Turkey is that you are dependent on export orientated economy, this hurts your society.
The other way is done by Scandinavians, more domesctic consume. Will try to give you an realistic answer.
I am watching S04 vs Köln

 

[kartal1]

https://twitter.com/x/status/937634338992197635

 

[what]

Article also mentions a somekind of FTA with Azerbaijan, which failed the last time because of Iranian pressure.

 

[kartal1]

LOL

https://twitter.com/x/status/939453509887459328

 

[kartal1]

https://twitter.com/x/status/942523473662038016