Turkey is now among the upper-middle-income countries with a gross domestic product of $799.54 billion annually, which puts it in the 17th position as a global economic power and a distinguished country for investment. In less than a decade, Turkey managed to nearly triple its per capita income, and now the per capita income in Turkey exceeds 10,500 thousand dollars annually.
Turkey is also a member of the Organization for Cooperation and Development and the Group of 20, and an important donor of bilateral official development assistance (ODA). It has also become a trusted exporter of high quality consumer goods, and is now Europe’s largest producer of televisions and light commercial vehicles, and Turkish goods and products pass into the German market due to its precision and quality of workmanship.
Turkey is also the eighth largest food producer in the world and the sixth most popular tourist destination. In addition, 43 companies are among the 250 largest Turkish global construction companies. Ten years ago, the textile industry deteriorated sharply, but now it is a developed industry and exports higher quality goods to Europe.
Exports have jumped by a huge rate in recent years, reaching 325% in the ten years to 2012. Between 2002 and 2007, the Turkish economy grew at an annual rate of 6.8%, the growth rate during the past decade was about 3.5%, and the per capita income rose slightly during the past four years,
By 2007, the Turkish economy had shifted from the control of traditional agricultural activities in rural areas to very “dynamic” industrial complexes, spread in major cities, with an advanced service sector, until the agricultural sector represented 11.9% of GDP, while the industrial sectors represented 23.7% and services represent 64.5%. The tourism sector has also witnessed rapid growth in recent years and has become an important part of the economy. In 2005 there were more than 24 million visitors to Turkey; They contributed more than $18 billion in revenue.