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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

Saadiyat Island St Regis Resort

Turning local hotel brands global Subscription

28 April 2014 | By

Local hotel brands are increasingly targeting overseas expansion after enjoying success in their home markets

Sultan Ahmed bin Sulayem, chairman of DP World

Interview: Sultan Ahmed bin Sulayem, chairman, DP World Subscription

18 December 2014 | By

International ports operator DP World is cementing itself as a global trade player with major plans for future growth, according to its chairman. Rebecca Spong reports

Roy Jakobs: 262 buildings in Dubai will be retrofitted

Unlocking energy savings with led Subscription

8 December 2014

Q&A with Roy Jakobs, Philips CEO, Middle East and Turkey

US Secretary of State John Kerry said the attack missions by Iranian jets were a positive development in efforts against Isis

Iran carries out first airstrikes against Isis, US claims Subscription

4 December 2014 | By

Tehran denies offensive despite news footage showing F-4 Phantom II raids in Diyala

 Places such as Dubai attract a lot of free-spending tourists

Gulf consumer spending stays high Subscription

3 December 2014 | By

The region’s markets remain attractive targets for consumer goods companies, despite the potential for lower oil prices to dent confidence

GCC banking sector asset growth 2013

Positive outlook for Qatar banks Subscription

27 November 2014 | By James Gavin

As the government infrastructure spending programme picks up pace, local banks are set to benefit from increased lending opportunities to the public and private sectors


Commercial Bank of Qatar talks success overseas Subscription

26 November 2014 | 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

Qatar: A section of a tunnel boring machine arrives

Tunnel borers arrive in Qatar Subscription

19 November 2014 | By Bernadette Ballantyne

With 21 tunnel boring machines set to operate simultaneously beneath the streets of Doha, the first challenge has been to deliver them safely to Qatar

The Oil Ministry estimates that the halt in exports from northern Iraq is costing Baghdad about $1.2bn a month in lost revenues

Conflict threatens Iraq's production targets Subscription

13 November 2014 | By

The fresh outbreak of fighting in Iraq means the country is unlikely to meet its production target of 8.5-9 million barrels a day by 2020 as key projects are delayed

Iraq annual expenditure

Once more a war economy Subscription

13 November 2014 | By James Gavin

The cost of the fight against Isis, coupled with falling global oil prices, means Baghdad faces a widening deficit and depleting foreign exchange reserves

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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