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Country profile

Turkey+map Turkey+flag Recep Tayyip Erdogan
Recep Tayyip Erdogan


Country data

  2008 2009 2010 2011 2012 2013 2014f 2015f
GDP growth (percentage change) 0.7 -4.8 9.2 8.8 2.2 4.3 2.3 3.1
GDP  ($bn) 730.6 614.4 731.5 774.7 788.0 827.2 767.1 820.9
GDP per capita ($) 10,277 8,527 10,021 10,476 10,523 10,815 9,920 10,504
Inflation (percentage change) 10.4 6.3 8.6 6.5 8.9 7.5 7.8 6.5
Unemployment rate (percentage) 10.9 14.0 11.9 9.8 9.2 9.7 10.2 10.6
Population (millions) 71.1 72.1 73.0 74.0 74.9 76.5 77.3 78.2
Government debt (percentage of GDP) 40.0 46.1 42.3 39.1 36.2 35.8 35.9 36.0
Current account balance (percentage of GDP) -5.5 -2.0 -6.2 -9.7 -6.2 -7.9 -6.3 -6.0
Source:  International Monetary Fund; f=Forecast

Turkey trends


Kirkuk dispute to intensify Subscription

24 February 2015 | By

Erbil is determined to defend its control of the oil-rich province


Conflict sets back Iraq refinery programme Subscription

16 February 2015 | By

Baghdad’s plans to nearly double refining capacity by the end of the decade look to be a long way off track

Hotel performance in major markets around the world

Changing dynamics in the tourism industry Subscription

16 February 2015 | By

The tourism industry is feeling the impact of the devaluation of the Russian currency,which is seeing holidaymakers switch from Dubai to Egypt. But a boom in Chinese travellers is compensating

Slow 2015 in store for contractors in Abu Dhabi

Slow 2015 in store for contractors Subscription

8 February 2015 | By

Abu Dhabi’s construction market has struggled to deliver on the promise it once showed, with the decline in oil prices and the revised population forecast set to delay progress with new projects

Paddy Padmanathan, President & CEO, Acwa Power

Acwa Power builds up international portfolio Subscription

3 February 2015 | By

Paddy Padmanathan, President & CEO of Saudi utility firm Acwa Power, has his sights firmly set on turning the company into the most cost-effective renewable energy provider in the Middle East and North Africa

GCC relations: Doha’s willingness to make concessions augurs well for regional unity in 2015

Qatar puts on a united front Subscription

3 February 2015 | By

As 2015 gets under way, Doha is looking to put behind it the public fallout with its GCC neighbours, but its position on Libya and Egypt remains contentious


Commercial Bank of Qatar talks success overseas Subscription

26 January 2015 | By

The head of the Commercial Bank of Qatar, Abdulla al-Raisi, says the lender has a growing appetite to expand internationally after successes in Oman, the UAE and Turkey

gas flare

UAE gas crunch continues

20 January 2015 | By

Measures taken to curb energy consumption

Marassi al-Bahrain development

UAE real estate investment buoyed by Eagle Hills

8 January 2015 | By

Eagle Hills and Al-Mabaar combine portfolios as Abu Dhabi reignites international real estate investment

Since the revolution, the country's main focus has been promoting religious and domestic tourism, with the government concerned that large numbers of foreign visitors could threaten Iran's Islamic traditions

The region’s sleeping giant Subscription

6 January 2015 | By

Visitor numbers are picking up and the government is working on improving Iran’s public image, but sanctions continue to hinder investment in the tourism industry

Company profiles

Bosphorus Technical Consulting Subscription

Bosphorus Technical Consulting, established in Turkey in 1975, is an engineering firm providing civil engineering services

Enka Teknik Subscription

Enka Teknik is an engineering company from Turkey, active in cement, water treatment, oil and gas industries, energy, steel and petrochemicals

Yapi Merkezi logo

Yapi Merkezi Subscription

Yapi Merkezi was founded in 1965 in Turkey, it provides contracting services in the Middle East to the rail sector

TAV Construction logo

TAV Construction Subscription

Part of TAV Group and formed in 2003 to concentrate on airport construction and has won a number of major contracts in the Middle East

Agthia Group logo

Agthia Group Subscription

Abu Dhabi-based food services company Agthia Group was established in 2004

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