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Country Analysis Turkey
Country Analysis Turkey
Introduction
• The population of Turkey is very young, with almost 50% of the population
is under the age of twenty-five years.
• The current GDP is US$ 750 million with a population of around 80.3 million (The
World Bank, 2018)0
• The Turkish economy has also attained a spectacular performance along with sturdy
growth over the last fifteen years.
PEST Analysis
Corporates liabilities in terms of foreign currency are $180 billion greater than
its assets
• Average duty rate for imports from the European Union and EFTA nation
• Turkey fails to notify the WTO with regard to the changes in import
requirements.
Foreign Direct Investment
• Turkey has gained remarkable success in addition to the rapid growth in terms of
technology, and agriculture
• Improvements in the ICT all across the nation with rise in young generation
•
• To address high current account deficits, it must aim at improving its exports
Reference List
BBC, 2018. Turkey country profile. [online] Available at: http://www.bbc.com/news/worldeurope-17988453 [Accessed 1 May 2018]
Deloitte, 2015. ICT sector in Turkey 2015 market data. [online] available at: https://www2.deloitte.com/tr/en/pages/technology-media-and-telecommunications/articles/ICT-sector-in-
Turkey.html# [Accessed 2 May 2018]
Export. gov, 2017. Turkey trade barriers. [online] Available at: https://www.export.gov/article?id=Turkey-Trade-Barriers [Accessed 2 May 2018]
Hurriyet, 2017. Turkey’s unemployment rate rises to 12.7 pct, highest in seven years. [online] Available at: http://www.hurriyetdailynews.com/turkeys-unemployment-rate-rises-to-127-
pct-highest-in-seven-years-110818 [Accessed 2 May 2018]
Invest in Turkey, n.d. FDI in Turkey. [online] Available at: http://www.invest.gov.tr/en-US/investmentguide/investorsguide/Pages/FDIinTurkey.aspx [Accessed 2 May 2018]
The World Bank, 2018. Country context. [online] http://www.worldbank.org/en/country/turkey/overview [Accessed 1 May 2018]
Trading Economics, 2018. Turkey GDP growth rate. [online] Available at: https://tradingeconomics.com/turkey/gdp-growth [Accessed 2 May 2018]
World Trade Organization, 2016. Trade policy review body. [pd] https://www.wto.org/english/tratop_e/tpr_e/s331_e.pdf [Accessed 1 May 2018]