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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

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

KRG spending

Closing the rift with Baghdad Subscription

13 November 2014 | By James Gavin

The Kurdistan Regional Government needs to broker an oil revenue-sharing deal with Baghdad to help stabilise its economy in the wake of Isis’ advance

As the Saudi market grows and the opportunities become more sizeable, more foreign contractors will be prepared to compete in this environment

Removal of kingdom's bidding barriers only first step

13 November 2014 | By

Other hurdles still remain for contractors when entering the Saudi construction market


Pushing back against Isis Subscription

2 November 2014 | By

While the US’ allies in the region have joined the coalition against Isis, each has a differing agenda on Syria. Meanwhile, Iran, the one country that could really help, is being ignored


Middle East grows in importance for Turkish contractors Subscription

27 October 2014 | By

The construction firms are continuing to win work across the region

Muscat airport traffic

Muscat and Salalah airports Subscription

19 October 2014

Oman is expanding its aviation capacity in order to boost tourism


Rail Projects

12 October 2014 | By

Rail boom dominates GCC construction spending

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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