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TURKISH ECONOMY

ISTANBUL

1

HELSINKIISTANBUL

TURKEY

MER

DE L’EST

2

DE L’EST

President Dr. Abdullah GÜL

Prime Minister Mr. Recep Tayyip ERDOGAN

Political Regime Parliamentary republic

Capital Ankara

GDP total € billion

Main cities Istanbul, Izmir, Bursa, Adana

MAIN ECONOMIC INDICATORS

Statistics( 2010) Turkey trends

Population 78,785,548

Land area (km²) 783,562

Density (hab/km²) 94

GDP billion $ (PPP) 960

Growth 8.2%

Pop active 25,640,000

Unemployment rate 12.0

Inflation rate 8.6

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Foreign Trade

Exports billion $ 121.0

Imports billion $ 177.3

Finance

Investment rate 18.7%

Public debt 42.8%

Official currency Lira (TL)

Exchange rate 1 $ = 1.78 TL

Source : CIA World Factbook

8 REASONS TO GO TO TURKEY

Open and attractive

marketLarge and effective

workforce

Happy-to-spend

consumers

Large and growing

market, one of the

“Next-11”

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Competitive corporate tax

regime

Strategic location

between Europe and

the Middle East

Easy to reach

Gateway to nearby

countries (e.g. Iraq)

... Turkey has been in a customs union with the EU since 1995?

... Turkey is one of the largest producers of TV sets in Europe and the Middle East?

DID YOU KNOW THAT…

Europe and the Middle East?

... Turkey has some of the largest bus, van and truck (lorry) manufacturing companies in the world?

... Istanbul’s Atatürk Airport is the 2nd busiest one in the Middle East (after Dubai)?

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TURKEY, BUSINESS OUTLOOK

Export commodities Export commodities -- partnerspartnersImport commodities Import commodities -- partnerspartners

Machinery, chemicals, semi-finished

goods, fuels, transport equipment

Russia 13.8%, Germany 10%, China 9%,

US 6.1%, Italy 5.4%, France 5%

Apparel, foodstuffs, textiles, metal

manufactures, transport equipment

Germany 9.6%, France 6.1%, UK

5.8%, Italy 5.8%, Iraq 5%

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Export Export –– Import revenuesImport revenues Main industriesMain industries

Imports $177.3 billion

Exports $121.0 billion

Textiles, food processing, autos,

electronics, mining (coal,

chromate, copper, boron), steel,

petroleum, construction, lumber,

paper

TURKEY, MAIN SECTORS & COMPANIES

MetalsMetals Auto partsAuto parts Commercial vehiclesCommercial vehicles ElectronicsElectronics

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Textile and clothingTextile and clothingFoodFoodChemicalsChemicals

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