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Turkey - ECONOMIC INDICATORS
Economic forecasts - General economic indicators - Investments - Foreign Trade


Economic forecasts


 
Indicators
2005
2006
GDP (USD billion)
353.205  
372.719  
Real GDP growth (constant prices)
5.0 % 
5.0 %
GDP per capita (USD)
4924.864  
5115.101  
Inflation rate
8.4 % 
6.9 % 
Source : IMF - 2005 data


General economic indicators

Indicators 2002 2003 2004
GDP (USD billion) 183.9   240.4   301.9  
Real GDP growth (constant prices) 7.9 % 5.8 % 8.9 %
GDP per capita (USD) 2858   2977   3197  
Inflation rate 45.0 % 25.3 % 8.6 %
Unemployment rate 10.4%   10.5%   10.3%  
External debt (USD billion) 131   146   ..  
Turkey Lira rate on 12/31 (1 US$)   1669000   1423455   1378745  
Sources : IMF - 2005 data, World bank, Oanda


GDP per activity sector 2002 2003 2004
Agriculture and fishing 13.0%   13.4%   12.0%  
Industry and mining 23.7%   21.9%     27.1%  
Services 63.3%   64.7%     60.9%  
Sources : World bank


Investments


FDI inflows (USD million) 2002 2003 2004 World rank
Foreign Direct Investments (F.D.I.) 1063   1753   2733   35 / 197
Source : UNCTAD "World Investment Report 2005 "


Foreign Trade


General indicators


Indicators (USD billion) 2002 2003 2004
Imports of goods (f.o.b.) 47.4   65.2   90.7  
Export of goods (f.o.b) 40.1   51.2   66.9  
Trade balance -7.3   -14.0   -23.8  
Balance of payments -1.5   -7.9   -15.5  
Sources : World bank, IMF


Indicators 2002 2003 2004
Share of foreign trade in GDP 59.9%   58.6%   55.0%  
Share of imports in GDP 30.7%   31.0%   28.0%  
Share of exports in GDP 29.2%   27.7%   27.0%  
Imports of goods and services (percent change) 15.8%   27.1%   6.9%  
Exports of goods and services (percent change) 11.1%   16.0%   6.8%  
Sources : World bank, IMF


Trade in goods/services by major category


2003 Imports Exports
Total Trade in Goods (USD billion):     65.2     51.2    
Agricultural raw materials 4%   1%  
Food products 4%   10%  
Hydrocarbons 13%   2%  
Manufactured products (chemicals, machines,...) 68%   84%  
Ores and metals 6%   2%  
Other goods 5%   1%  


2003 Imports Exports
Total Trade in Services (USD billion): 9   19  
Transport 35%   12%  
Tourisme 27%   70%  
Other services (insurance, financial services, telecommunications,...) 38%   18%  
Source : World Bank


Trade Data, by HS Code :
Source : www.intracen.org, last available data


Trade by partner countries



Main clients
(% of exports)
2004
Germany   13.9%  
United Kingdom   8.8%  
USA   7.7%  
Italy   7.4%  
France   5.8%  

Main suppliers
(% of imports)
2004
Germany   12.8%  
Russian Federation   9.3%  
Italy   7%  
France   6.4%  
USA   4.9%  
Source : COMTRADE


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Last modified in October 2005
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