Turkish Economy - News & Updates

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After Donald Trump won the US presidency, the index that rose the most in the world was Borsa Istanbul.

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Trump's election is a godsend for the current Turkish government.

 

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Türkiye posts $3 billion current account surplus in September

Türkiye's current account balance posted a surplus of nearly $3 billion in September after registering its highest surplus in years in August,...

www.dailysabah.com

Türkiye’s current account deficit hits 33-month low. Promising news!

 

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Turkish central bank reserves reach $157.4B - Türkiye Today

The central bank's gold reserves rise by $190M, reaching $63.7B, alongside growth in foreign exchange reserves

www.turkiyetoday.com

I don't want to jinx it but he Turkish economy recovers at a very fast pace. Forex reserves hit 160 B USD!

 

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Newly industrialized Countries

GDP PPP per capita in 2023 World Bank
Turkiye : ( $44.151 per capita )
Mexico : ( $25,602per capita )
China : ( $24,558 per capita )
Brazil : ( $20,584 per capita )
Indonesia : ( $15,613 per capita )
India : ( $10,176 per capita )

List of countries by GDP (PPP) per capita - Wikipedia

en.wikipedia.org

Human development index
Turkiye : 855
China : 788
India : 644

Country Insights | Human Development Reports

hdr.undp.org

 

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UK is surprising me.

 

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Turkish exports hit new record of $262 billion despite 'painful' 2024

Türkiye's exports reached a new all-time high in 2024, President Recep Tayyip Erdoğan announced on Friday, stressing the achievement despite what he...

www.dailysabah.com

 

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Turkish exports to Syria rose 20% in December and jumped by more than 38% in January, Turkish Exporters Assembly data show.

Turkish machinery exports there soared 244% last month, while cement, glass and ceramics jumped 92% and metals rose 73%. Fruit and vegetable exports also more than tripled.

 

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Russian gas deliveries via TurkStream set new record - Türkiye Today

Russian gas deliveries via TurkStream set a new weekly record, reaching 390 million cubic meters, showing the pipeline’s role in energy security

www.turkiyetoday.com

 

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Türkiye's exports to its neighboring countries, including Azerbaijan, Bulgaria, Georgia, Iran, Iraq, Syria, and Greece, reached a record $34.2 billion in 2024, marking a 7.4% increase from the previous year. Iraq was the largest recipient, accounting for nearly a third of the exports. Notable growth was seen in exports to Bulgaria (21.9%) and Greece (15.5%). Overall, Türkiye's total exports in 2024 hit $262 billion, with significant increases in shipments of mineral fuels, machinery, and electrical devices. The only decrease occurred in exports to Iran, which fell by 0.5%.

Türkiye's exports to neighbors jump 7.4% to record $34.2B in 2024

Türkiye's exports to its neighbors, namely Azerbaijan, Bulgaria, Georgia, Iran, Iraq, Syria and Greece, surged 7.4% in 2024 compared to the year...

www.dailysabah.com

 

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