Turkish Economy

The Turkish economy is classified as one of the emerging economies, and Turkey is considered one of the developed countries in the world

Turkey is one of the developed countries in the world, ranked 13th in GDP, and is considered a leader in agricultural, textile, automobile, building materials, and electronics activities.

The impact of agriculture and industry on Turkey's economy:

Turkey began as an agricultural country, its first and most practiced activity is agriculture, and with the development of the world and science, Turkey began to direct other interests, such as building factories, to increase today and form nearly 30,000 factories, but agriculture continued to take its share of the Turkish economy, being the basis and source of its prosperity since the beginning. It provides job opportunities for 58% of the workforce, while the Turkish industry takes 11% of the workforce, but the value of industrial returns exceeds the value of returns from agricultural activity.

There are great differences in the standard of living and the economic situation between the industrial west and the agricultural east, where the agricultural sector is one of the largest sectors in employment, as the ratio is about 40% of the total workforce, but its production is only about 12% of the national product, where the percentage of exports Turkey to the European Union about 51.6 percent of its total exports.

Turkey is the world's largest producer of hazelnuts, cherries, figs, apricots, quinces and pomegranates; the second largest producer in the world of tomatoes, eggplant, green peppers, lentils and pistachios; the world's fourth largest producer of onions and olives; the world's fifth largest producer of beets; the world's sixth largest producer of tobacco, tea, and apples; the seventh largest producer of cotton and barley in the world; the eighth largest producer of almonds in the world; The ninth largest producer in the world of wheat, rye and grapefruit, and the tenth largest producer in the world of lemon, Turkey has been able to achieve self-sufficiency in food, and agricultural production has witnessed a large rate of growth, and despite that, the state of agriculture is declining in terms of its participation in the total Turkish economy .

 Among the most important industries in Turkey are textiles, foodstuffs and beverages, electrical, automobiles and chemicals, and Turkey is one of the largest producers of chromium in the world, in addition to small reserves of oil in southeast Turkey.

What does Turkey rely on to strengthen its economy?

Turkey relies heavily on imported oil and gas, trying with great effort to build energy relationships with wide groups of international partners, and takes deliberate steps to increase the use of domestic energy sources, including renewable, nuclear and coal energy sources, in addition to the completion of the Turkish gas pipeline. The joint Azerbaijani natural gas pipeline in the Caspian Sea to Turkey and Europe, which will enable it to diversify its sources of imported gas.

Turkey has a solid and well-equipped infrastructure, including airports, railways, public utilities, and means of communication and lines.

The government's directions on the Turkish economy:

The focus of industry and trade centers is in areas such as Istanbul and major cities like it, and with continued investment in the road and air sector in the coming period, and according to the Ministry of Transport, it seems that the government wants to rebalance its policy for the infrastructure sector and build at least 10,000 kilometers From high-speed railways and with the help of experienced people from local and foreigners, specifically Chinese labor, and the creation of a double-track railway network between Ankara and Istanbul, and a railway between Ankara and Konya is currently under construction.

In order to alleviate the complex traffic problem, work is underway on the underwater metro project between the European and Anatolian coasts, because the construction of a third bridge is no longer a solution to alleviate this aggravating problem, no matter how it connects the continents of Europe and Asia.

Other elements that help in the advancement of Turkey's economy:

It is necessary to know that Turkey is a maritime country, with multiple ports and overlooking many seas, Istanbul and Izmir are global ports on the sea.

Increasingly advanced manufacturing techniques are being applied throughout Turkey with the world's leading companies in this field.

 Industries such as the automotive and aviation industry, dominated by major international companies with many local suppliers that must meet the latest technical and technological requirements, and medium and high technology industries constitute 30% of Turkish industrial output and 37% of total exports

Turkey's integration and its constant attempt to work on several matters and investments that can always survive, and make it able to keep pace with global development, and to remain within the framework of developed countries, no matter what economic obstacles they face.

These attempts are always in the interest of Turkey in one way or another because it is trying hard to make these attempts successful and benefit it.