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Turkish Economy, History Of Turkish Economy (main historical stages) -…
Turkish Economy
Basic Statistics about Turkish Economy
Agriculture
Vegetable Production
Vegetable products production amount increased by 1.8% in 2021 compared to the previous year and reached approximately 31.8 million tons.
Fruit Production
Compared to the previous year, apricots decreased by 4%, grapes by 12.8%, cherries by 4.8%, apples by 4.5%, strawberries by 22.4% and olives by 32.1%.
Grain Production
Grain production volumes decreased by 14.3% in 2021 compared to the previous year and amounted to approximately 31.9 million tons.
Employment/Workforce
Sectoral Distribution of Employment
According to the employment data of 2021, 17.2% of the employed were in agriculture, 21.3% in industry, 6.2% in construction and 55.3% in the service sector.
Labor Force Participation
In 2021, the labor force participation rate increased by 2.3 points to 51.4%.
Unemployment
Unemployment rate among the young population covering the 15-24 age group decreased by 2.3 points compared to the previous year and became 22.6% in 2021.
Education
Higher Education
While the registered employment rate of undergraduate graduates was 71.1% in 2021, this rate was calculated as 63.0% for associate degree graduates.
Education Expenditures
Education expenditures increased by 4.5% in 2020 compared to 2019 and reached 270 billion 921 million TL.
Libraries
The number of libraries increased by 1.7% in 2021 to 34.555
Foreign Trade (Please find out 3 more
statistics and give current data on it)
Ready Made Clothing
In 2021, ready made clothing exports were 20.2 billion dollars
Food and Beverage Industry
In 2021, the export of the food and beverage sector was 22.9 billion dollars, and the imports were 17.2 billion dollars.
Service Export
Services exports were 34.8 billion dollars in
2021, and imports were 27.9 billion dollars
Pharmaceutical Industry
In 2021, pharmaceutical imports increased by 33.3% to reach 7.52 billion dollars. On the other hand, exports grew by 3.7% and reached its historical highest level with 1.91 billion dollars.
Industry
Iron and Steel Industry
Steel production in 2021 increased by 12.7% to 40.4 million tons.
Defense and Aerospace Industry
As of August 2022, the annual increase in exports in the defense and aerospace industry reached an all-time record and reached 3 billion 992 million dollars.
Chemical Industry
The chemical industry was the second largest exporter in 2021, with exports worth $25.3 billion.
Savings
Savings Ownership
According to the results of the Saving Trends Survey (TTEA) for the second quarter of 2022, the rate of saving ownership has increased to 19 percent and has continued to rise since the third quarter of 2021.
Total Gross Savings
The ratio of total gross savings to Gross Domestic Product (GDP) was 30.3% for the total economy in 2021.
Gross Household Savings
The savings rate, defined as the ratio of household savings to disposable income, was 11.2% in 2020 and 11.4% in 2021.
Innovation and Entrepreneurship
Global Innovation Index
In the Global Innovation Index, in which 132 countries compete, Turkey rose to 37th place in 2022.
Startups
Startups received an investment of approximately 1.3 billion dollars in the first quarter of 2022.
R&D
While the ratio of the gross domestic R&D expenditures in GDP was 1.09% in 2020, its ratio in the GDP of 7 trillion 248 billion 789 million TL increased to 1.13% in 2021.
Economic Institutions (please find out 6 public
institutions relating Economy)
ÖİB
SPK
TCMB
Rekabet Kurumu
IMKB
Hazine Müsteşarlığı
SWOT Analysis of Turkish Economy (please
add 3 entry for each one)
Weaknesses
Inability to create new employment areas
Insufficient level of technology and production
Energy and intermediate goods import dependency
Opportunities
Potential to become a production center for multinational companies
Having government incentives
Geographical position
Strenghts
Favorable climate and geographical features
Labor supply and young workforce
Abundant and productive agricultural areas
Threats
Terrorist incidents
Unemployment
Instability in exchange rates
Economic Sectors (5 sub-sectors for each)
Industry/Manufacturing
Electronics
Beko
Vestel
Aselsan
General Mobile
Arçelik
Weaving, Textile and Leather Industry
Cotton weaving
Wool yarn and wool fabric
Carpet Weaving
Leather goods, hides, furs, shoes
Ready-made clothing sector
Chemical Industry
Fertilizer factories
Pharmaceutical factories
Cosmetic
Petrochemistry
Synthetic rubber-Tires factories
Paper and Pulp Sector
Kipaş
Konya Kağıt
Alkim Kağıt
Mopak Kağıt
Marmara Kağıt
Automotive
Türk Traktör
Temsa
Mercedes Benz
MAN
Ford Otosan
Food/Agriculture
Industrial Plants
Poppy
Cotton
Linen
Hemp
Tobacco
Legumes
Green Lentil Cultivation
Red Lentil Cultivation
Chickpea Cultivation
Kidney Bean Cultivation
Dry Bean Cultivation
Cereals
Rice
Oat
Barley
Rye
Wheat
Fruit and Vegetables
Chain stores
Grocery store
Outdoor markets
Supermarkets
Greengrocers
Oilseed Plants
Sesame
Peanut
Soy
Corn
Sunflower
Service
Education Services
Scholarship Service
Public Education Centres
Dormitory Services
Vocational Courses
Libraries
Freight Transportation and Logistics Services
Air cargo companies
Intermodal / combined transportation
Sea transport companies
Forwarders etc. companies
Road transport companies
Public Services
Water
Natural gas
Transportation
Electricity
Telecommunication
Communication Services
PTT
Cable Broadcast Services
Infrastructure Services
Telecommunication
Satellite Platform Services (Digiturk, D-smart, Tivibu)
Health Services
Vaccination
Health Tourism
Private Health Services
Rehabilitation Services
Public Health Services
History Of Turkish Economy (main historical
stages)
1929-1945
Economic Depression
Second Five-Year Industrialization Plan
Statism Policy
First Five-Year Industrialization Plan
1950-1980
Democratic Party Era
4 August 1958 decisions
Labor migration to Germany
The rapid increase in foreign debt
1980 onwards
Economic Decisions of January 24, 1980
2001 and 2008 Economic Crises
April 5 Decisions
Bankers crisis and banking
1923–1929 (please make a short description
of the economic era and give three distinctive features of it or name important
developments)
private accumulation
Within the framework of the principle of national economy, it was envisaged that an entrepreneurial class to be supported by the state and development would be achieved in
this way.
Establishment of Turkiye İş Bankası
Legislation was made to encourage private
entrepreneurship
Ottoman Era
Subsistence(İaşecilik)
Fiscalism
Traditionalism