Turkey

Discover the opportunities of the turkish market by sector
Key figures

GDP growth of Turkey

turkey
ECONOMY
Growth +4,5%
GDP 26,276 billion TL
Currency Turkish lira (TRY)
Unemployment rate 9.4%
Inflation 36.08%
Balance of current payments -0.88% of GDP (2022)
Current account deficit -4% of GDP
Government's debt 35% of GDP (2023e)
GDP/capita 13,110 $
GEOGRAPHY & LOGISTIC
Maritime access Marmara Sea, Mediterranean Sea, Black Sea, Aegean Sea
Railway 12.000 km including 888 km of HSR
Area 783.582 km2
Capital Ankara
Major cities (population) Istanbul, Ankara, Izmir, Bursa, Antalya
Neighbohring countries Greece, Bulgaria, Georgia, Azerbaijan, Armenia, Iran, Iraq, Syria
Active airports 56
Commercial port 180
DEMOGRAPHY
Medium age 34 years old
Demographic growth +1.68%
Men / Women 50,1% / 49,9%
Population 85.4 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 255.8 billion $
Imports 361.8 billion $
Trade deficit 106 billion $
FDI 10.6 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