Turkish Economy - News & Updates

[xenon54 out]

And that shows how bad the Turkish economy is. Sign of a lively economy.

Cant remember claiming something like this...

 

[FutureMe]

Cant remember claiming something like this...

Didn't mean to respond to yourself, but to some general sentiment reflected by some circles. Your message was the perfect context to assert it. Cheers.

 

[black-hawk_101]

Heard that India has a reserve of $350 Billions and Debt of $468 Billions.
Pakistan has a reserve of $16 Billions and have Debt of $60 Billions
So how much Turkey has???

 

[FutureMe]

Heard that India has a reserve of $350 Billions and Debt of $468 Billions.
Pakistan has a reserve of $16 Billions and have Debt of $60 Billions
So how much Turkey has???

The Central Bank of Turkey has on average a reserve of USD135bn. Debt; ?

 

[black-hawk_101]

No Debt?

Can you tell me about the Reserves and Debt on the Middle Eastern Countries:
KSA?
UAE?
Oman?
Jordan?
Syria?
Iraq?
Lebanon?
Yemen?
Kuwait?
Qatar?
Bahrain?
Egypt?
Libya?
Algeria?
Tunisia?
Morocco?
Sudan?

 

[FutureMe]

No Debt?

There are different definitions for debt, like public sector debt, private sector debt, foreign currency debt, foreign debt and all. However the most meaningfull of them all is public debt ratio to the GDP, and that value is now 33% for Turkey.

http://upload.wikimedia.org/wikipedia/commons/2/2a/Government_debt_gdp.jpg

This map is as of 2012, Turkey has come from 36% to 33% now.

Most Government Debt per Person: Countries - Bloomberg Best (and Worst)

 

[black-hawk_101]

There are different definitions for debt, like public sector debt, private sector debt, foreign currency debt, foreign debt and all. However the most meaningfull of them all is public debt ratio to the GDP, and that value is now 33% for Turkey.

http://upload.wikimedia.org/wikipedia/commons/2/2a/Government_debt_gdp.jpg

Ok.

 

[-SINAN-]

Turkey’s exports reach record high in 2014

According to data recently released by the Turkish Exporters Assembly (TIM), Turkey’s exports reached an all-time high in 2014, hitting USD 157.6 billion.

Having raised by 4 percent over the preceding year’s figure of USD 152 billion, overwhelming majority of the country’s exports, i.e. 78.8 percent, constituted industrial products.

With USD 22.2 billion, automotive products topped the list of Turkish-made products shipped abroad, which is followed by readywear-textiles and chemicals having respective figures of USD 18.7 billion and USD 17.8 billion.

Main recipients of Turkish exports during the last year lined up as Germany, Iraq, Britain, Italy and Iran.

One of Turkey’s goals for the centenary of the foundation of the republic is to reach USD 500 billion in exports.
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Turkey’s auto production & exports to hit record levels in 2015

With capacity upgrades and new projects under the hood, Turkey’s automotive sector is set to reach new heights in terms of production figures and exports, a leading industry body has said.

Unveiling its Yearly Assessment Report for 2014, the Automotive Manufacturers Association (OSD) of Turkey pointed out to the strong production performance and increasing exports during the past year, and projected even higher figures for 2015.

“Despite the contraction in domestic market, new capacity upgrades and extension investments have leveled the production figures in 2014. Going through an extensive investment period, Turkey’s automotive industry is set to experience a boom in exports in the coming years..”, OSD Chairman Kudret Onen said about the report.

According to the data from the OSD, production of motor vehicles increased by 4 percent in 2014 over 2013 to reach 1,170 million, while exports took a 7 percent hike to hit 885,000 vehicles, generating a revenue of USD 22.8 billion.

Projecting a successful new year for the industry, Onen said that the automotive industry was expected to lead Turkey’s exports in 2015 as well with contribution by the production volume forecast expected to hit 1, 225 million vehicles, 925,000 of which are destined for export markets.


Ford, Fiat, Hyundai, Renault, Toyota, Honda and other carmakers have production operations in Turkey where they utilize the country’s skilled labor force and strategic location to reach regional and global markets. Having an edge in manufacturing commercial vehicles of almost every variety, Turkey ranks fifth in Europe in overall motor vehicle production.
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Turkey’s annual tourism revenue up 6.2 percent

Turkey’s tourism revenue hit USD 34.4 billion in 2014, up 6.2 percent over the preceding year.

According to the Turkish Statistical Institute’s (TurkStat) recently released data, the country attracted some 41.4 million visitors during the last year, which spent an average of USD 828 per capita. The number of foreign visitors also registered an increase of 5.6 percent over a year earlier.

Out of the total expenditure by visitors, individual expenses constituted around USD 26.2 billion while around USD 8.3 billion came from tour companies. 86.6 percent of Turkey’s tourism revenue is left over by foreign nationals, while the rest consists of expenditures made by Turkish citizens living abroad.

Turkey is the 6th most popular holiday destination in the world with more than 35 million foreign visitors, according to 2013 data from the United Nations World Tourism Organization (UNWTO).

Travel web site TripAdvisor picked Turkey’s Istanbul as the top travel destination in 2014.
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Medical tourists hit a record in 2014

Boasting world-class hospitals and experts in every area of medicine, healthcare tourism in Turkey registered solid growth in 2014. According to data of the Turkish Statistical Institute (TurkStat), the number of visitors that came to the country for medical reasons has reached an all-time high of 414,600, up 55 percent over the preceding year.

Shadowing the qualitative and quantitative improvements in the country’s healthcare system during the last decade, the number of medical tourists visiting Turkey rose gradually from 140,000 in 2003 to a nearly threefold increase last year. Medical tourists left USD 837 million in treatment expenses in the country.

As part of a plan to introduce tax-free healthcare zones specifically tailored to foreign patients, Turkey’s Ministry of Health intends to increase the number of medical tourists to 500,000 by 2015 and to 2 million by 2023.

 

[Nike]

Indonesian Vice President Muhammad Jusuf Kalla met with Deputy Prime Minister of Turkey Bulent Arinc on bilateral meeting during Asian-African Conference in Jakarta 23 April 2015. During the meeting, Indonesia and Turkey discussing about Economic Cooperation and Investment in both countries (ANTARA FOTO/AACC2015/Yudhi Mahatma)

 

[xenon54 out]

Indonesian Vice President Muhammad Jusuf Kalla met with Deputy Prime Minister of Turkey Bulent Arinc on bilateral meeting during Asian-African Conference in Jakarta 23 April 2015. During the meeting, Indonesia and Turkey discussing about Economic Cooperation and Investment in both countries (ANTARA FOTO/AACC2015/Yudhi Mahatma)

Indonesia is a great country but pls buy a new Turkish flag.


Thats the norm of Turkish flag.

 

[xxxKULxxx]

Indonesia is a great country but pls buy a new Turkish flag.


Thats the norm of Turkish flag.

I think it looks like that because of the hanging..

 

[xenon54 out]

I think it looks like that because of the hanging..

I dont think so, booth ends of the crescent are the same in the picture.

 

[-SINAN-]

I think it looks like that because of the hanging..

And star is just too small.

 

[-SINAN-]

Economic Growth of Turkey 1923-2014 under each government.

Among the single party ruled governments AKP has the worst performance.

 

[Nefer]

Economic Growth of Turkey 1923-2014 under each government.

Among the single party ruled governments AKP has the worst performance.

What does the numbers represent ? percentages ?? Percentages always look nice but never gives you a good picture I would like to see growth of different sectors from each goverment.