Turkey, officially the Republic of Turkey is the only country that connects Europe and Asia. It is bordered by eight countries which are Greece to the west, Bulgaria to the northwest, Georgia to the northwest, Iran, Armenia and Azerbaijan to the east, Syria and Iraq to the southwest. Due to the excellent location and natural resources, turkey is now considered one of the most rising Islamic countries. It is making progress in almost all fields. Turkey has world 15th largest gross domestic product (GDP) and 17th largest nominal gross domestic product. It is listed among the G-20 major economies.
The Republic of Turkey has opened its market by reducing the government control on private investment, foreign trade and privatization of public companies through the economic reforms. These policies paved a way for Turkey to make significant and excellent progress. The real rate of gross domestic product of Turkey from 2002 to 2007 is averaged more than 6.8% annually. This growth rate made Turkey one of the fastest growing countries in the world.
The Republic of Turkey is on the rise , and it is making substantial progress in various industries. The Turkish fast economic growth, in the last few years, is becoming harder to ignore. Its economy grew from 8.5% to 9% within two years. Turkey is continueing to rise , and it seems to lead the growth tables of OECD. Various Turkish firms are expanding their investments in the other countries.
TAV, a most famous and popular Turkish company, is the world’s 4th largest airport contractor. It is expanding its investment aggressively and playing a key role in booming the Turkish economy in a notable way. Turkish construction companies are operating in more than 95 countries. It is predicted by HSBC that Turkey will be the 12th largest economy spot of the world in 2050.
The Turkish industry is gradually expanding overseas. The Turkish foreign investments are almost reaching all corners of the continents. According to the report of 2011, it is estimated that the Turkish trade volume with the Saharan Africa has gone to $7.5 billion in 2011, and it was just $750 million in 2000. A major contracting company of Turkey named Kolin has started $140 million project in Uganda, and is still looking for investment opportunities in Kenya and South Africa.
Tourism industry in Turkey also is hitting a powerful levels in the last few years. It is considered an important part of the country’s economy. According to a report, more than 31 million visitors from all over the world visit this country and contribute to the revenue of Turkey with about $22 billion.
Turkey has a strong automobile industry. During the year 2012, Turkey automobile company produced more than 1072335 vehicles. This automobile industry is considered as the 16th largest vehicles producer in the world. According to a recent report, Turkey is considered the fastest growing country in the Muslim world. You cannot ignore the progress and the influence of Turkey.
View the Original article
0 comments:
Post a Comment