Turkey Tourism Companies Touristic Services Agencies

Turkey Tourism Companies Touristic Services Agencies - Best Companies in Turkey in Travel Tourism Touristic Services, Holiday Vacation Hotel Trips Bookings, Airport Transportation, Translation Services, Concierge Vip Assistance, Real Estate Sectors.

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Economic overview

Turkey's dynamic economy is a complex mix of modern industry and commerce along with a traditional agriculture sector that in 2019 accounted for 18,3% of employment (25,2% in 2010). It has a strong and rapidly growing private sector, yet the state still plays a major role in basic industry, banking, transport, and communication. Its most important industry and largest exporter is textiles and clothing, which is almost entirely in private hands. The economic situation in recent years has been marked by rapid growth coupled with partial success in implementing structural reform measures. Inflation was declined to 8,53% in 2016 (21% in 2018), down from 90% in 1997, but the public sector fiscal deficit probably remained near 10% of GDP due in large part to interest payments which accounted for 40% of central government spending in 2003. The government enacted a new tax law and speeded up privatization in 1998 but made no progress on badly needed social security reform. Ankara is trying to increase trade with other countries in the region yet most of Turkey's trade is still with OECD countries. After the implementation in January 1996 of a Customs Union with the EU, foreign direct investment in the country was recorded $15,9 billion in 2011. Results during recent years improved because of strong financial support from the IMF and tighter fiscal policy. A major political and economic issue over the next decade is whether or not Turkey will become a member of the EU. But further economic and judicial reforms and prospective EU membership are expected to boost Foreign Direct Investment (FDI). Privatization sales in 2015 were about US$ 1,99 billion ($6,27b in 2014, $12,48b in 2013).
GDP

GDP (Total): US$ 822,1 billion in 2013 ($735,8b in 2010, $616,7b in 2009)
GDP: purchasing power parity (PPP) US$ 25,129 per person (2017) (was US$ 17,959 in 2010)
GDP growth rate: 4% in 2015 (8,9% in 2010, 10.7% in 2006)
GDP per capita: US$ 9.826 in 2017 ($10.971 in 2013, $15.079 in 2010, $13.710 in 2009, $5.482 in 2006)
GDP composition by sector:
agriculture: 9.7%
industry: 26.8%
manufacturing: 22.2%
services: 54.3% as of September 2018 (63.5% in 2006)

(consumer prices): 94% (1995), 90% (1997), 75% (1998), 68% (1999), 45% (2000), 90% (2001), 31% (2002), 11% (2004), 7.72% (2005), 5.9% (2007), 6.4% (2010), 10,45% (2011), 6,16% (2012), 4,5% (2015), 16,33% (2018)
Investment (gross fixed): 15.5% of GDP (2004 est.)
Population below poverty line: 21,9% in 2015 (16,9% in 2010, 17,1% in 2009, 20,5% in 2007, 20% in 2005, 18% in 2001)
Household income or consumption by percentage share: 70.7% of GDP (2006)
lowest 20%: 5.6%
highest 20%: 47.6% (2009)
Distribution of family income: 44% (2002)
Labor force: 32.8 million in 2018 (25.6 million in 2010)
by occupation: agriculture 18.3%, services 56.6%, industry 19.6%, construction 5.5% (May 2019)
note: about 5,5 million Turks work or live abroad as of 2016 (3 million in 2005), mostly in Germany