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Turkey

Country profile

Turkey+map Turkey+flag Recep Tayyip Erdogan
Turkey
President
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

New strategy: Washington and its allies plan to wipe out Isis targets wherever they are, including Syria

Washington takes the initiative Subscription

11 September 2014 | By

Air strikes by a US-led coalition are key to the pushback against Isis

With Isis headquartered in Syria, collaboration with Al-Assad may be crucial to containing the group

Can the world work with Al-Assad to combat Isis? Subscription

4 September 2014 | By

Whereas a year ago collaboration with Al-Assad would have seemed unthinkable, a greater threat has emerged

Profit sharing per barrel of oil

Erbil forges its own path Subscription

3 September 2014 | By

Although the emergence of the Islamic State in Iraq and Syria is threatening the stability of the Kurdish northern region, so far the situation has worked to the government’s advantage

Dubai airport

UAE firms have edge for Bahrain airport

1 September 2014 | By

Dubai and Abu Dhabi-based firms will receive preferential treatment

Russia

Sanctions to dent Russia's economy

21 August 2014 | By

The Middle East could prove a useful ally for Russia as the country’s relations with the US and Europe deteriorate

Morocco

Rabat digs deep to tackle domestic terrorism Subscription

20 August 2014 | By Paul Melly

With substantial numbers of Moroccans joining jihadist groups abroad, the government is wary of a blowback from these fighters returning home

Iraq phosphate deposits

Iraq struggles to mine a rich vein Subscription

4 August 2014 | By James Gavin

Insurgency casts shadow over one of the country’s brightest investment markets

At odds: Al-Hariri (left) and Al-Bahra have varied backing

Opposition looks to regain its voice in Syria Subscription

22 July 2014 | By James Gavin

The Syrian National Coalition has lost much of its influence in the face of a resurgent regime and the emergence of Isis. It is now up to its new president, Hadi al-Bahra, to reverse the body’s marginalisation

GCC overall awards

Growth continues in contract awards Subscription

17 July 2014 | By

Building projects and the UAE dominated contract awards in the first half of 2014

Company profiles

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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