Turkey's deputy prime minister Ali Babacan recently spoke with OBG on the country's economic performance and 2023 development objectives.
The Middle East Economy
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Economic update | Turkey: Weathering the storm
7 Jun 2013
This chapter includes helpful information for visitors to Turkey, including information on society and etiquette, language, transport and visas. It also features a list of suggested hotels and contact information for various institutions, including government ministries, foreign consulates and embassies.
Chapter | Country Profile from The Report: Turkey 2013
The Turkish government is working to advance a resolution process that could remake domestic politics and enhance its foreign policy clout. A 28-year conflict with the autonomy-seeking Kurdistan Worker’s Party (PKK) has cost over 40,000 lives, has held back economic growth and hampered Turkey’s bid for EU membership. Recent peace talks with the leader of the PKK, Abdullah Öcalan, led to a...
Turkey has had an impressive decade of expansion that saw GDP rise from $196bn in 2001 to $787bn in 2012, or about $10,400 per capita. Since 2001, real growth has averaged more than 5% per year, an extraordinary rate for a middle-income country that imports most of its raw materials. A young and mobile population provides a natural tailwind to growth, while a high level of diversification in...
Economic update | Abu Dhabi: Open for business
28 May 2013
A new free zone planned in Abu Dhabi could spur on further investment in the local economy.
At an average of 5.1% between 2003 and 2012, Turkey has experienced one of the world’s highest growth rates over the past decade. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home ownership and life expectancy.