Turkey

Discover the opportunities of the turkish market by sector
Key figures

GDP growth of Turkey

5,9% of average annual growth between 2010 and 2021

turkey
ECONOMY
Growth 11,0%
GDP 717 billion $
Unemployment rate 12%
Inflation 36,08%
Fiscal balance 1,5% of GDP (2019)
Current account deficit 3,5% of GDP (2019)
Debt 32,3% of GDP (2019)
GDP/capita 9.539 $
Currency Turkish lira (TL)
GEOGRAPHY & LOGISTIC
Area 783.582 km2
Capital Ankara
Major cities (population) Istanbul, Ankara, Izmir, Bursa, Antalya
Neighbohring countries Greece, Bulgaria, Georgia, Azerbaijan, Armenia, Iran, Iraq, Syria
Maritime access Marmara Sea, Mediterranean Sea, Black Sea, Aegean Sea
Active airports 56
Commercial port 180
Railway 12.000 km including 888 km of TGV
DEMOGRAPHY
Medium age 33,1 years old
Demographic growth 1,1% (2020)
Men / Women 50,1% / 49,9%
Population 83 million
Life expectancy 78 years old
Urban population 75%
Literacy rate 99,4%
Number of graduates 5,5 million / year
Official language Turkish
Business & administration English and French
FOREIGN TRADE
Exports 225 billion $
Imports 271 billion $
Trade deficit - 46 billion $
FDI 14,2 billion $
Exported products (top 5) 1. Automotive 2. Mechanical machinery 3. Iron and steel 4. Electrical equipment 5. Textile
Imported products (top 5) 1. Energy & chemistry 2. Mechanical machinery 3. Electrical equipment 4. Iron, steel 5. Precious met