Beyond
political instabilities, the country is stable and is
among the founding members of the OECD and the G-20.
Turkey is a great market of + 80 million potential consumers with a sizeable
automotive industry, which produced over 1.3 million motor vehicles in 2015,
ranking as the 14th largest producer in the world. Turkish shipbuilding exports were worth US$1.2 billion in 2011. The major export markets are Malta,
Marshall Islands, Panama and the United Kingdom.
Turkey's
exports were $143.5 billion in 2011 and reached $163 billion in 2012 (main export
partners in 2012: Germany 8.6%, Iraq 7.1%, Iran 6.5%, UK 5.7%, and UAE 5.4%).
Turkish brands like Beko and Vestel are among the largest producers
of consumer electronics and home appliances in Europe, and invest a substantial
amount of funds for research and development in new technologies related to
these fields.
Other key
sectors of the Turkish economy are banking, construction,
home appliances, electronics, textiles, oil refining, petrochemical products,
food, mining, iron and steel, and machine industry. In 2010, the agricultural sector accounted for 9 percent of GDP,
while the industrial sector accounted for 26 percent and the services sector
for 65 percent.
Turkey has gradually opened up its markets through economic reforms by reducing
government controls on foreign trade and investment and the privatisation of
publicly owned industries, and the liberalisation of many sectors to private.
Tourism in
Turkey has experienced rapid growth in the last twenty years, and constitutes an
important part of the economy.
With
destinations in 126 countries worldwide, Turkish
Airlines is the largest carrier in the world by number of countries served as
of 2016.
As of 2015, Istanbul Atatürk Airport is the 11th busiest airport in the world,
serving 31,833,324 passengers between January and July 2014, according to
Airports Council International.
As of 2014, the country has a roadway network of 65,623 kilometres (40,776 miles).
According to
Twitter's transparency report, Turkey leads in social media
censorship.
Water supply
and sanitation in Turkey is characterised by
achievements and challenges.
TAI ranks among the top 100 global players in the aerospace and defence
sectors.
TÜBİTAK is the leading agency for developing science, technology and innovation
policies in Turkey. TÜBA is an
autonomous scholarly society acting to promote scientific activities in Turkey.
TAEK is the official nuclear energy
institution of Turkey. Its objectives include academic research in nuclear
energy, and the development and implementation of peaceful nuclear tools.
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