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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

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

Complex: If Turkish troops push into Syria without UN backing, it will be a test of international law

Turkey joins coalition against Isis Subscription

10 October 2014 | By

There are risks in every direction for Ankara as it prepares to join the fight against Isis

Turkey finds itself on the same side as the GCC states with which it has had such difficult relations in recent years

Rebuilding trust

8 October 2014 | By

The Syrian war could lead to Turkey healing its rift with the GCC countries


Green building drive grows stronger in Saudi Arabia Subscription

2 October 2014 | By Paul Melly

The Saudi Green Building Forum is spearheading efforts to increase the number of environmentally friendly buildings in the kingdom, and has been making steady progress

Tadawul trade activity

Tadawul opening to have reverberations Subscription

2 October 2014 | By James Gavin

The planned opening of the GCC’s largest stock exchange to non-Saudi investors is expected to shake up the region’s markets. Already, there are signs the bourse is moving towards being overheated

Tim Evans, HSBC

Supporting the region's contractors Subscription

30 September 2014

Interview with Tim Evans, HSBC’s regional head of global trade and receivables finance, Middle East and North Africa

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

Company profiles

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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