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MINISTRY of ECONOMY TURKISH ECONOMY May 2012. Annual Economic Growth Rates (2002-2011) 2 Source: TURKSTAT Real GDP Growth (%) May 2012 Ministry of Economy.

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Presentation on theme: "MINISTRY of ECONOMY TURKISH ECONOMY May 2012. Annual Economic Growth Rates (2002-2011) 2 Source: TURKSTAT Real GDP Growth (%) May 2012 Ministry of Economy."— Presentation transcript:

1 MINISTRY of ECONOMY TURKISH ECONOMY May 2012

2 Annual Economic Growth Rates ( ) 2 Source: TURKSTAT Real GDP Growth (%) May 2012 Ministry of Economy

3 GDP (Billion US $) 3 Source: TURKSTAT May 2012 Ministry of Economy

4 GDP Per Capita (US $) 4 Source: TURKSTAT May 2012 Ministry of Economy

5 Real GDP Growth (2011 ) Source: TURKSTAT, EuroStat, Related Natianol Institutions *Estimation 5 May 2012 Ministry of Economy

6 CDS Premiums 6 May 2012 Ministry of Economy

7 Budget Deficit/GDP (%) 7 Source: Ministry of Finance May 2012 Ministry of Economy

8 Budget Deficit/GDP (%) 8 May 2012 Ministry of Economy

9 EU Defined Government Debt / GDP (%) 9 Source: TURKSTAT May 2012 Ministry of Economy

10 EU Defined Government Debt / GDP (%) EU Defined Government Debt / GDP (%) 10 Source: TURKSTAT, Eurostat May 2012 Ministry of Economy Turkey’s Government Debt to GDP ratio is lower than that of 21 EU members

11 Unemployment (%) 11 Source: TURKSTAT May 2012 Ministry of Economy

12 Unemployment (%) 12 Source: TURKSTAT, EUROSTAT May 2012 Ministry of Economy Unemployment in Turkey is lower than EU and Euro Area average

13 13 Foreign Trade of Goods (Bl. $) Source: TURKSTAT May 2012 Ministry of Economy

14 14 Foreign Trade Volume of Goods /GDP (%) Source: TURKSTAT May 2012 Ministry of Economy

15 Evolution of Turkish Exports 15 May 2012 Ministry of Economy

16 Records in goods exports May 2012 Ministry of Economy 16 6 RECORDS IN 2011 GOODS EXPORTS

17 Export and Imports 17 Source: TURKSTAT April 2012 Ministry of Economy

18 Turkey’s Services Trade 18 Source: CBRT May 2012 Ministry of Economy

19 Services 19 Tourism Regarding number of visitors; 7 th in the World and 5 th in Europe (2010) 6 th in the World and 4 th in Europe (2011 Expectations) Growth in period; World: %3,5 Turkey: %11,4 Construction 2nd in terms of the number of top constructing companies Logistics Europe’s biggest truck fleet (45000 trucks /1400 companies) 25. Biggest flight fleet in the world (1 million flight in 2011 / international) High-speed railway projects are carried out rapidly May 2012 Ministry of Economy

20 Turkey's Share in Global Services Exports (%) 20 Source: CBRT, WTO May 2012 Ministry of Economy

21 Records in services Exports 21 6 RECORDS IN 2011 SERVICE EXPORTS May 2012 Ministry of Economy

22 Current Account Deficit (Bil. USD) 22 May 2012 Ministry of Economy

23 23 Turkey’s Free Trade Agreements May 2012 Ministry of Economy Agreements In Force Planned FTA Negotiations 1.EFTA 2.Israel 3.Macedonia 4.Croatia 5.Bosnia and Herzegovina 6.Palestine Authority 7.Tunisia 8.Morocco 9.Syria 10.Egypt 11.Albania 12.Georgia 13.Montenegro 14.Serbia 15.Chile 16.Jordan 17.Lebanon (*) 18.Mauritius (*) 19.Korea (**) (*) Under ratification process (**) Under signature process 1. Malaysia 8. Gulf Cooperation 2. Colombia Countries 3. Ecuador 9. Seychelles 4. Ukraine 10. MERCOSUR 5. Cameroon 11. Faroe Islands 6. D.R. Congo 12. Moldova 7. Libya 13. Ghana Ongoing FTA Negotiations 1. Canada 6. Mexico 2. Algeria 7. South Africa 3. India 8. African Caribbean Pacific Countries 4. ASEAN 9. Central America 5. Peru 10. Indonesia 11. Vietnam

24 Foreign Direct Investment (FDI) 24 Source: TURKSTAT May 2012 Ministry of Economy From 2000 to 2011, total 115 billion dollar Foreign Direct Investment In 2011, European Countries accounted for 60% of total Foreign Direct Investment

25 New Incentive Scheme for Turkey New Incentive Scheme for Turkey 25 The fundamentals of the New Incentive Scheme for Turkey was declared on The new incentive aims; -reducing current account deficit, -contributing to the structural reformation of Turkey -rebalancing economic disparities between the regions The new scheme has four main pillars: - General investment incentive regime - Regional investment incentive regime - Incentives for large-scale investments - Incentives for strategic investments The incentives in the new scheme can be summarized as follow; Value Added Tax (VAT) exceptions, exemptions from customs duties, social security premium contribution for employers, land provisions, support for interest payments on loans,, VAT refunds etc. For further information please send an or call May 2012 Ministry of Economy

26 Trade Representatives Abroad 195 trade representatives from the Ministry are serving in 89 countries and 137 Center 26 May 2012 Ministry of Economy

27 Daimi Temsilci Yardımcılığı Ticaret Müşavirliği Ticaret Ataşeliği İrtibat Büroları AFRİKA Kahire Nairobi Pretoria Rabat Trablus Tunus Kazablanka ASYA Astana Aşkabat Bangkok Bişkek Cakarta Duşanbe Hanoi İslamabad Kabil Kuala Lumpur Manila Pekin Seul Singapur AVRUPA/KAFKASYA AB DTÖ OECD Atina Bakü Belgrad Berlin Bern Bratislava Brüksel Budapeşte Bükreş Dublin Helsinki Kiev Kişinev Kopenhag Lahey Lizbon Lefkoşa Londra Lubliyana Madrid Minsk Moskova Oslo Paris Podgorica Prag Priştine Roma Saraybosna Sofya Stokholm Tiflis Tiran Üsküp Varşova Viyana Zagreb Barselona Batum Düsseldorf Hamburg Hannover Kazan Marsilya Milano Münih Novorossisk Odessa Rotterdam Selanik St. Petersburg Stutgart Birmingham Krasnodar Novosibirsk Yekaterinbur g Taşkent Tokyo Ulan Bator Yeni Delhi Almatı Guangzhou Hong Kong Karaçi Mumbai Şangay Georgetown Abuja Addis Ababa Akra Cezayir Dakar Darüsselam Hartum İskenderiye Buenos Aires Karakas Mexico City Ottava Santiago Vaşington Houston Los Angeles AMERİKA ORTA DOĞU Abu Dhabi Amman Bağdat Beyrut Doha Kuveyt Manama Muskat Riyad Sana Şam Tahran Tel Aviv Basra Cidde Dubai Erbil Halep Kudüs Musul Tebriz Sidney Melbourne AVUSTRALYA New York Sao Paulo Şikago Toronto Miami San Francisco Seattle GEORGETOWN Locations of Trade Representatives 27

28 MINISTRY of ECONOMY THANK YOU May 2012


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