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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


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

Mena bonds, loans and debt deals, year to December

Outlook for Gulf lenders remains positive Subscription

24 December 2014 | By Paul Melly

Banks in North Africa and the Levant, meanwhile, will experience more subdued credit growth


Contractor crunch threatens schemes Subscription

24 December 2014 | By

The large-scale projects planned and under way across the region are putting pressure on resources

Market capitalisation of GCC stock markets

Optimism prevails despite oil price drop Subscription

24 December 2014

The index upgrades of 2014, along with the planned opening up of the Tadawul, will lead to further IPOs


Another year of turmoil beckons Subscription

24 December 2014 | By James Gavin

The next 12 months will see a sustained effort on the part of regional forces to erode Isis’ support base

The GCC steel industry has entered a new phase

A new game plan for steel Subscription

22 December 2014 | By

The fall in oil prices has forced GCC steel producers to accept that expansion is not the only way forward

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

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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