TURKEY’S AIMS TO BECOME WORLD’S 10TH BIGGEST ECONOMY BY 2023
February 1st, 2012
BY PAUL COCHRANE, IN BEIRUT
Turkey's economy has been on a roll for the past decade, with its GDP more than trebling to reach USD735 billion at the end of the 2010 fiscal year. With a population of 75 million and ideally situated at the crossroads between east and west, Turkey has built up a strong manufacturing-based economy. While a major exporter to the EU, eastern Europe and the Middle East, domestic demand is strong, accounting for 70% of GDP. Turkey registered economic growth of 9.6% in the first nine months of 2011, the second fastest after China among ...
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