Turkey is a transcontinental country located in Southeastern Europe and Southwestern Asia bordering the Black Sea. Neighboring countries include Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Iran, Iraq, and Syria. Turkey has a strategic location controlling the Turkish Straits that link the Black and Aegean Seas. The geography of Turkey consists of narrow coastal plains in the west that become increasingly rugged as they progress eastward. The government system is a republican parliamentary Majority rule, by which the biggest proportion of members of...; the chief of state is the president, and the head of government is the prime minister. Turkey has a A country's economic system which has both private and state... in which there is a growing The part of a country's economy which is owned and run for p... combined with centralized economic planning and government regulation.
After Turkey experienced a severe financial crisis in 2001, Ankara adopted financial and fiscal reforms as part of an IMF program. The reforms strengthened the country’s economic fundamentals and ushered in an era of strong growth averaging more than 6% annually until 2008. Global economic conditions and tighter A government policy to regulate a nation's annual economic a... caused GDP to contract in 2009, but Turkey’s well-regulated financial markets and banking system helped the country weather the global financial crisis, and GDP rebounded strongly to around 9% in 2010-11, as exports returned to normal levels following the crisis. Two rating agencies upgraded Turkey’s Money owed to another person or organisation, such as a loan... to Money or capital that is invested in a business or in an acc... grade in 2012 and 2013, and Turkey’s public sector Money owed to another person or organisation, such as a loan... to GDP ratio fell to 33% in 2014. The An investor's share of ownership in a company which entitles... value of Foreign Direct Money or capital that is invested in a business or in an acc... reached nearly $195 billion at yearend 2014.
Despite these positive trends, GDP growth dropped to 4.4% in 2013 and 2.9% in 2014. Growth slowed considerably in the last quarter of 2014, largely due to lackluster An individual who uses goods and services but who may not ha... demand both domestically and in Europe, Turkey’s most important export The commercial activity of buying and selling goods and serv.... High interest rates have also contributed to the slowdown in growth, as Turkey sharply increased interest rates in January 2014 in order to strengthen the country’s currency and reduce Normally referring to the economy of a country, inflation is.... Turkey then cut rates in February 2015 in a bid to spur An increase in a region's or nation's production of goods an....
- Country ISO3 : TUR
- Country Code : 792
- Income Group : Upper middle income
- Lending Category : IBRD
- Region : Europe & Central Asia
- Currency Unit: New Turkish lira
- WTO Member : Yes
- The buying and selling or exchange of goods and services. Th... organisations : G-20 major economies, OECD, EU A group of nations which have agreed to promote free trade, ..., WTO, ECO, BSEC
- world rank : 79
- Regional Ranking : 34th in Europe