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TURKISH ECONOMY IN THE WORLD. MINISTRY OF FOREIGN AFFAIRS . THE GEOGRAPHICAL LOCATION OF TURKEY. GEOGRAPHICAL ADVANTAGES OF TURKEY. Area of 785.347 km2.

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geographical advantages of turkey
GEOGRAPHICAL ADVANTAGES OF TURKEY
  • Area of 785.347 km2.
  • 8.485 km of coastline, surrounded by sea on three sides:by the Black Seatothe north, the Mediterranean tothe south and the Aegean Seato the west.
  • A uniquegeographicallocation as a gatewaytoEuropean, MiddleEastern, North AfricanandCentralAsianmarkets.
  • Infourhours of flightfromIstanbul, one can reach morethan 50 countriesand a quarter of theworldpopulation.
  • A politicalandeconomicattractioncenterfortheneighbouringgeographies, withitsstrategicallocation.
demographic advantages of turkey
DEMOGRAPHIC ADVANTAGES OF TURKEY
  • A huge and growing market→73,7 million population (2010)
  • Young, dynamic and well-trained population.
  • * 61% of the population is under the age of 34. (Approximately 45 million)
  • * Average Age: 28,8
  • * 500 thousand university graduates every year.
  • * 24,7 million of thepopulation is activelyemployed.
  • * The 5th biggestlaborpower, ifrankedamongthe EU membercountries
turkey in the world economy
TURKEY IN THE WORLD ECONOMY

(GDP based on purchasing power parity , Trillion Dollars, 2009)

turkey in the european economies
TURKEY IN THE EUROPEAN ECONOMIES

(GDP based on purchasing power parity , Trillion Dollars, 2009)

turkey and g 20
TURKEY AND G-20
  • Turkey is a G-20 member, the “Super League” of world economies, established in 1999.
  • This membership gives Turkey the opportunity to express its views and suggestions for the solution of international economic and financial problems and strengthens its profile.
  • It is an important platform for sharing views on global economy with the other leading actors.
  • As a by-product of our pro-active foreign policy, we are not solely focusing on our agenda, but also trying to reflect the views of other actors not represented in G-20.
distribution of employment
DISTRIBUTION OF EMPLOYMENT

Distribution of Employment by Economic Sectors (%)

foreign trade exports
FOREIGN TRADEExports

Annualestimate as of February 2011

Source: TURKSTAT

foreign trade main export destinations of turkey
FOREIGN TRADEMain Export Destinations of Turkey

Main Export Markets -2010-Billion $

Germany 11,4

UK 7,2

Italy 6,5

Iraq 6

France 6

foreign trade imports
FOREIGN TRADEImports

Annual estimate as of February 2011

Source: TURKSTAT

foreign trade main import countries
FOREIGN TRADEMain Import Countries

Main Import Countries -2010- Billion $

Russia 21,6

Germany 17,5

China 17,2

USA 12,3

Italy 10,2

bilateral trade with the neighbouring countries global downturn period billion
BILATERAL TRADE WITH THE NEIGHBOURING COUNTRIES(Global Downturn Period -Billion $)
      • 2008 2009 2010
  • Greece 3,58 2,76 3
  • Bulgaria 4 2,5 3,2
  • Georgia 1,52 1,05 1
  • Azerbaijan 2,6 2,15 2,41
  • Iran 10,2 5,43 10,7
  • Iraq 15,2 6 7,4
  • Syria 1,75 1,75 2,52
turkish industry automobile and household goods
TURKISH INDUSTRYAutomobile and Household Goods
  • Turkeyranks 16th in theworldproduction of motor vehicles.
  • Turkey is theleadingbusmanufacturerand 3rd largestcommercialvehiclemanufacturer in Europe.
  • Around 75% of theautomativeandautopartsindustryexportsaredeliveredtothe EU countries.
  • Duringthelast 4 years, ship-buildingcapacity of Turkey has grown 3 times. Turkeyranks 7th in worldshipexports.
  • Intheproduction of householdgoods, Turkey has a prominantreputation. Itranks 8th in worldexports of refrigerators, 6th in washingmachinesand 14th in dishwashingmachines.
  • Most of thedomesticappliancesproduction is exportedtothe EU.
turkish industry defence industry
TURKISH INDUSTRYDefence Industry

In the year 2011, 1 billion $ of exports is expected.

turkish industry textiles and clothing
TURKISH INDUSTRYTextiles and Clothing
  • Turkey ranks 7th in the world cotton production. There are more than 35 thousand textile and clothing companies in Turkey.
  • Turkey ranks 4th in knitted clothing, 8th in woven clothing, 3rd in socks and stockings and 8th in leather wear exports.
  • 80% of the textile products are exported to the EU countries.
  • Turkey is one of the major producers of organic & ecologic textile products .
foreign investments
FOREIGN INVESTMENTS
  • With its population of more than 73 million, its dynamic and open-market economy, competitive industry and the Customs Union with the EU for more than 15 years, Turkey is an attractivecountry for foreign investors.
  • With its high performance, Turkey is steadily heading for an annual GDP of 1 trillion dollars. During the last 8 years, the total inflow of foreigndirectinvestmentshas reached to 93,6 billion dollars.
  • According toIMF and OECDreports/projections, Turkey is among the most rapidly growing economies in 2010 and 2011.
international companies in turkey
INTERNATIONAL COMPANIES IN TURKEY
  • As of February 2011, thenumber of internationalcompaniesoperating in Turkeywas 26.609.
  • Top 3 countriesaccordingtothecountry of origin of internationalcompanies: Germany (4411), UK (2272) andtheNetherlands (1894).
  • Internationalcompaniesoperating in Turkeyaremostlyfocused on wholesaleandretail, manufacturing, realestate, chemicalindustry, textileandfoodproduction.
  • Top 4 citieshostinginternationalcompanies in Turkey:
  • -İstanbul (14810)
  • -Antalya (3258)
  • -Ankara (1748)
  • -İzmir (1560)
privatization
PRIVATIZATION
  • Privatization has been among the top priorities on the agenda in line with Turkey’s target of creating a truly competitive market economy.
  • The involvement and participation of international investors is highly encouraged in the massive privatization program.
  • The main philosophy of privatization is to confine the role of the state to areas such as health, basic education, social security, national defense and large scale infrastructure investments.
  • Turkey is listed among the top 25 OECD countries that has gained the most out of its privatization program.
privatization ii p rivatization implementations billion usd

PRIVATIZATION-IIPrivatizationImplementations* (Billion USD)

(*) 1985-2010 figures include privatizations done by Privatization Administration, Savings Deposit Insurance Fund of Turkey and Ministry of Transportation.

growth performance of turkey ii
GROWTH PERFORMANCE OF TURKEY II
  • Growth Rates of Turkey in the last decade (GDP)
  • 2000                 6,8%     2001                -5,7%     2002                 6,2%     2003                 5,3%     2004                 9,4%     2005                 8,4%     2006                 6,9%     2007                 4,7%     2008                 0,7%     2009                -4,7%
  • 2010 8,9%
growth performance of turkey iii comparison with oecd countries

2011-2017 Dönemi OECD Ülkeleri Yıllık

Ortalama Reel GSYİH Büyüme Tahminleri (%)

Annual Average Real GDP Growth (%)

Forecast in OECD Countries 2011-2017

GROWTH PERFORMANCE OF TURKEY-III (Comparison with OECD Countries)

According to OECD, Turkey is expected to be the fastest growing economy among OECD members during 2011-2017, with an annual average growth rate of 6.7 percent.

turkey s importance in the construction sector
TURKEY’S IMPORTANCE IN THE CONSTRUCTION SECTOR
  • Turkey is the leading country in its region in the construction sector.
  • It is the main manufacturer of cement in Europe. Among cement manufacturers in the world, Turkey ranks 4th. Turkey also ranks 10th in steel production.
  • As of the end of 2010, Turkish construction sector has attained 188 billion dollars worth of contracts in 89 countries, from Balkans to Central Asia, from Russia to the Middle East and Africa.
  • On an annual basis it has an average business capacity of 20 billion $ (The target for 2011 is 30 billion$, for 2015 50 billion $).
  • According to the “Top 225 International Contractors" list of Engineering News Record magazine, Turkey is the second country in the world with 33 outstandingfirms (2010).
turkish banking sector i
TURKISH BANKING SECTOR-I
  • Turkey has already completed deep-rooted reforms in the banking sector as of 2006. Thanks to these reforms, the banks in Turkey have not suffered from the global crisis; on the contrary they have increased their profits.
  • Turkish banks have branches and offices in 14 countries (USA, Germany, Bahrain, Bulgaria, China, Georgia, Iraq, UK, TRNC, Luxemburg, Malta, Pakistan, Russia, Greece).
  • There are 41 representations of foreign banks in Turkey (Switzerland 8, Germany 6, the Netherlands 6, USA 4, France 3, UK 4, Spain 2, Italy 2, Qatar, UAE, Belgium, India, Canada, Japan 1).
turkish banking sector ii
TURKISH BANKING SECTOR-II

Source. BDDK (Banking Regulation and Supervision Agency)

tourism
TOURISM
  • One of the top 10 tourism destinations across the globe.
  • Ranked7th in terms of visiting tourists and 8th in terms of tourism revenues in the world.ThemainvisitorsareGerman, RussianandBritishtourists.
  • Achieved 2,8 % increase in both 2009 and 2010 in thenumber of foreignvisitors, despitetheadverseeffects of the global crisis.
  • Itpossesses not onlytheinfrastructureforseasidetourism, but alsoforhealth, culture, faith, congress, sports, huntingandarchaeologicaltourism.
tourism 2010
TOURISM (2010)
  • In 2010, 28,6 millionforeigntouristsvisitedTurkey.
  • 2,8% increase as comparedto 2009.
  • Percentage of tourists in 2010:
  • German 15.3%
  • Russian 10.85%
  • British 9.3%
  • (Othermostvisitingtourists ; Iranian, Bulgarian, Georgian, Dutch, French, SyrianandItalian).
health tourism
HEALTH TOURISM
  • Receivingnearly 60 thousandvisitorsforhealthtourism, generating an approximateannualincome of 1 billion $.
  • Turkey is the 1st in Europeand 7th in theworld in terms of thermalsources.
  • Modern andverycompetitiveprivatehealthcenters.
  • Lowcosts in healthservices.
  • Qualifiedandexperiencedstaff in thehealthsector.
tourism figures past 10 years
TOURISM FIGURES (Past 10 Years)
  • Touristarrivalsandrevenues (last 10 years)
  • InternationalRevenuesVisitors(millions) (billion $)
  • 2001 11.3 7,4
  • 2002 13.0 9,0
  • 2003 13.7 9,7
  • 2004 17.2 12,0
  • 2005 20.5 14,0
  • 2006 19.3 12,6
  • 2007 23.0 14,0
  • 2008 26.4 16,8
  • 2009 27.3 15,8
  • 201028.6 15,6
transportation
TRANSPORTATION
  • Turkey has a unique and strategic location as part of both Europe and Asia.
  • 18.500 km of two-lane highways. The target is to increase it to 22,500 km by the end of 2011.
  • 12 new motorway projects to be built by the year 2023, the total length of which will be 4,773 kilometers.
  • Marmaray Project will connect Europe and Asia by railway under the Bosphorus.
turkish airlines
TURKISH AIRLINES
  • Fastest growing airline company in Europe.
  • In terms of destination diversity; 8th airline company in the world, 3rd in Europe.
  • In terms of profits, 6th biggest airline company in the world.
  • 131 international; 41 domestic destinations (in total 172).
  • In 2010 8 new international destinations were inaugurated: (Accra, Bologna, Dar-es Salaam, Entebbe, Nakhcivan, Podgorica, Sochi, Washington D.C.)
  • In 2011 11 additional international destinations will be established: (Malaga, Thessaloniki, Valencia, Toulouse, Manila, Naples, Turin, Genova)
  • Sponsorship to world-famous trademarks (F.C.Barcelona, Manchester United, Euroleague)
technology research development
TECHNOLOGY, RESEARCH & DEVELOPMENT
  • Turkey’s R&D expenditures rose to 0.85% of GDP in 2010. The target is 2%.
  • The number of “technoparks” reached 39 in 2010. 1.451 firms are active in these parks, the added value of which amounts to 540 million $ in Turkish exports.
  • Between 2003 and 2009, domestic intellectual property right applications and licensing increased five-fold.
technology research development1
TECHNOLOGY, RESEARCH & DEVELOPMENT
  • Utmostimportanceattachedtoinvestments in informationandcommunicationtechnologies.
  • A growing market of 30 billion US Dollars, constituting 4 % of GDP
  • Turkish “software” market recorded a growth rate of % 100 in recentyearsandreachedthelevel of 2 billion US Dollars as of 2009.
  • Over 68 million mobile phonesubscriptions, 37 millionwideband Internet users.
  • Welleducatedengineersandspecialisedpersonnel in technologyand IT fields.
agriculture
AGRICULTURE
  • Turkey is the8th biggestpowerin terms of agriculturalproduction (Annualproducevalue of upto 50-60 billion $).
  • One of themostimportantproducerandexportercountries of theregion.
  • Producesmorethan 150 agriculturalproducts. The total amount of fruitsandvegetablesproduced is 42 milliontonnes. Exportsto177 countries.
  • Thanksto her diversegeography & climate; Turkey is:
  • - ♯1 in terms of hazelnut, fig, quince, cherry, freshanddriedapricotproduction,
  • - ♯3 in terms of pistachioproduction,
  • - ♯5 in terms of teaandoliveoilproduction in theworld.
turkey s development assistance
TURKEY’S DEVELOPMENT ASSISTANCE

Officialdevelopmentassisstance has exceeded 3,4 billion US Dollars in thelast 5 years (79,7 % TİKA, 8,7 % NationalMinistry of Education). The total developmentassistance has reached 7,1 billiondollars (offical+NGOs).

YearOfficialAssistanceNGOs’ assistance Total

(million $) (million $) (million $)

2005 → 601 450 1,051

2006 → 714 995 1,709

2007 → 602 734 1,336

2008 → 780 796 1,576

2009 → 707 812 1,519

2010 → 997 na ---

Source: TİKA

turkey s official development assistance 2010
TURKEY’S OFFICIAL DEVELOPMENT ASSISTANCE(2010)
  • Officialdevelopmentassistance (2010)→ 966,82 million $
  • Distribution 53,51%→ TheCaucasusandCentralAsia
  • 24,17% → TheMiddle East
  • 15,18% → Europe
  • 4,04% → Africa
  • 2,48% → Other
  • Top threecountrieswithbiggestshare (2010):
  • 134,49 million $ → Pakistan
  • 107,32 million $ → Afghanistan
  • 83,81 million $ → Kazakhstan
  • Source: TİKA
new economic evolutions
NEW ECONOMIC EVOLUTIONS
  • Mutualelimination of visarequirements (Libya, Lebanon, Syria, Jordan, Albania, Tajikistan, Serbia, Russia, Yemen)
  • HighLevelStrategicCooperationmechanismswithSyriaandIraq, signing of numerousagreements in variousfields, QuadrupleCooperationMechanismamongTurkey, Syria, Lebanonand Jordan.
  • DevelopmentAssistanceand TİKA Offices (26 coordinationoffices in 23 countries).
  • Developingtransportation network withregionalcountries (newrailroadconnections, enlargement of road transport network, advances in maritimecooperation, increasedairlineconnections, THY as the 3rd biggestairlinecompany),
  • New embassies in Africa
challenges in the economy i
CHALLENGES IN THE ECONOMY-I
  • Trade imbalance : 69,9 billion $ (2008)
        • 38,8 billion $ (2009)
        • 71,6 billion $ (2010)
  • Unemployment : 11% (2008)
  • 14% (2009)
  • 11,9% (2010)
  • Current Account Deficit : 42 billion $ (2008) (5,7%of GDP)
  • 14 billion $ (2009) (2,3% of GDP
  • 48,6 billion $ (2010) (6,5% of GDP)
challenges in the economy ii
CHALLENGES IN THE ECONOMY-II
  • GrossExternalDebt : 290,4 billion $ in 2010
  • PublicSector : 88,9 billion $
  • PrivateSector : 189,6 billion $
  • Central Bank : 11,8 billion $
  • LongTerm : 211,7 billion $
  • ShortTerm : 78,6 billion $
  • GrossExternalDebt/GDP : 37,8% (2008)
  • 43,6% (2009)
  • 39,5% (2010)
2023 targets
2023 TARGETS
  • Targetsforthecentury-oldRepublic in 2023:
  • - to be amongthe top ten economies of theworld,
  • - toreach a tradevolume of 1 trillionDollars,
  • - tosurpass 500 million US dollars in exports ,
  • - toattain 2 trilliondollars GDP,
  • - toincrease GDP percapitato 25,000 $,
  • - tocreate 10 brands of global fame,
  • - tomeetonethirds of itspowergenerationfromrenewableenergysources,
  • - toreach a capacitytohost 50 millionforeigntouristsannually.
2023 targets1
2023 TARGETS
  • Further macroeconomic targets for 2023:

- to employ 30 million of the population actively,

- to decrease unemployment rate to 5 %,

- to include every citizen in the social security system,

- to decrease infant mortality rates to one-digit numbers,

- to complete all regional development projects in order to make Turkey one of the foremost global grain producers,

- to double the overall length of railroad network up to 22,000 km with new high-speed railroad lines,

- to add 15,000 km double-lane motorways to the road network,

- to construct at least three nuclear power plants,

- the total energy consumption per capita to exceed 4.000 kWh,

- to further advance in aeronautics, satellite and defence technologies.