Turkey is a founding member of the OECD and G20, and is classified among the E7 countries, EAGLEs and NICs. As of 2023, Turkey's economy is the 19th-largest in the world by nominal GDP, and the 11th-largest by PPP. According to the IMF, Turkey has an upper-middle income mixed-market emerging economy.
For example, the United Nations classifies Turkey as a developed country thanks to its 2021 HDI of 0.838 (Turkey is also a member of the G20, a group composed of countries with the largest economies in the world).
Turkey has a GDP per capita of $28,400 as of 2020, while in India, the GDP per capita is $6,100 as of 2020.
The respective GDPs of Greece and Türkiye in 2021 were $216.38 and $851 billion, which makes the Turkish economy almost four times bigger than the Greeks'.
According to the World Bank, the poverty rate for Turkey was 20% with US $2.15 daily limit (25). However, if the daily poverty limit is accepted as US $4.30, poverty rate will reach 58% of the population.
At least two million people in Turkey, a nation of 85 million, have lost their homes, experts estimate. To shelter the displaced, the government has resorted to a patchwork of temporary solutions, including erecting tent camps and container homes on the outskirts of destroyed cities.
The mean annual household disposable income was 76 thousand 733 TL in 2021 with an increase of 10.6% compared to previous year in Türkiye. In Türkiye, the mean annual equivalised household disposable income increased by 11.9% compared to the previous year from 33 thousand 428 TL to 37 thousand 400 TL.
Australia has a GDP per capita of $48,700 as of 2020, while in Turkey, the GDP per capita is $28,400 as of 2020.
Turkey has a GDP per capita of $28,400 as of 2020, while in Germany, the GDP per capita is $50,900 as of 2020.
Turkey has a GDP per capita of $28,400 as of 2020, while in Thailand, the GDP per capita is $17,300 as of 2020.
According to the IMF, Turkey has an upper-middle income mixed-market emerging economy. The country is among the world's leading producers of agricultural products, textiles, motor vehicles, transportation equipment, construction materials, consumer electronics and home appliances.
China has a GDP per capita of $16,400 as of 2020, while in Turkey, the GDP per capita is $28,400 as of 2020.
The average salary in the most recent year (2023) in Turkey is about 94,000 Turkish Lira (TRY) per year. That's roughly about 4,872 US Dollars, as per the April 2023 exchange rate. Whether you're planning to outsource to Turkey or move your office there, it's best to understand the general wage information and economy.
Australia has a highly developed market economy and one of the highest per capita incomes globally. Australia is a regional power, and has the world's thirteenth-highest military expenditure.
Examples of second-world countries by this definition include almost all of Latin and South America, Turkey, Thailand, South Africa, and many others. Investors sometimes refer to second world countries that appear to be headed toward first world status as "emerging markets" instead.
Pro: Low Crime Rate. Turkey is a relatively safe country, especially compared to its neighbors in the Middle East. While there are always exceptions, most of the time you can walk around without worry. For example, the US had 56% more crimes per capita than Turkey in 2021.
Turkey has a GDP per capita of $28,400 as of 2020, while in Japan, the GDP per capita is $41,400 as of 2019.
Turkey has a GDP per capita of $28,400 as of 2020, while in Israel, the GDP per capita is $38,300 as of 2020. In Turkey, 13.7% of adults are unemployed as of 2019. In Israel, that number is 4.4% as of 2020. In Turkey, 14.4% live below the poverty line as of 2018.
Turkey has a GDP per capita of $28,400 as of 2020, while in New Zealand, the GDP per capita is $42,400 as of 2020.
Bilateral relations
Türkiye and Australia have a productive, warm and developing relationship, with substantial dialogue across a wide range of issues including counter-terrorism.
The invasion was part of a campaign to: capture the peninsula and help naval operations in the Dardanelles straits. relieve pressure on Russian forces who were fighting Turkish forces on the Caucasus front.
Australia has plentiful supplies of natural resources, including the second largest accessible reserves of iron ore in the world, the fifth largest reserves of coal and significant gas resources. For a long time, commodities have made up a sizeable share of our exports.
As of April 9, 2023, Murat Ulker was the wealthiest person in Turkey, with an estimated net worth of 5.0 billion U.S. dollars, followed by Ibrahim Erdemoglu (No. 2, $5.0 billion), Ali Erdemoglu (No.
Turkey. Turkey has a GDP of $800 billion as of 2021. In 2022, the country had 24 billionaires, with Yıldız Holding CEO Murat Ülker being the top billionaire, with a net worth of $4.7 billion.