MINISTRY of ECONOMY TURKISH ECONOMY May 2012. Annual Economic Growth Rates (2002-2011) 2 Source:...

MINISTRY of ECONOMY

TURKISH ECONOMY

May 2012

Annual Economic Growth Rates (2002-2011)

2

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

6.25.3

9.48.4

6.9

4.7

0.7

-4.8

9,2 8.5

%

Source: TURKSTAT

Real GDP Growth (%)

May 2012 Ministry of Economy

GDP (Billion US $)

3

Source: TURKSTAT

2002 2003 2004 2005 2006 2007 2008 2009 2010 20110.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

230.5304.9

390.4481.5

526.4

648.8742.1

616.7

734.9 772.3

GDP (Billion Dollar)


GDP Per Capita (US $)

4

Source: TURKSTAT2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

-

2,000

4,000

6,000

8,000

10,000

12,000

3,492 4,559

5,764 7,022

7,586

9,240 10,438

8,559

10,067 10,444

GDP Per Capita ($)


Real GDP Growth (2011)

Source: TURKSTAT, EuroStat , Related Natianol Institutions*Estimation

5

UK

Japan

EU-27

Euro Area

USA

Brazil

Germany

Russia

India*

Turkey

China

0 1 2 3 4 5 6 7 8 9 10

0.70.7

1.51.5

1.72.7

34.2

7.38.5

9.2


CDS Premiums

6May 2012 Ministry of Economy

Portugal

Ukraine

İreland

Hungary

Italy

Spain

Bulgaria

Russia

Korea

France

China

Turkey

0 200 400 600 800 1000 1200

972

762

562

499

440

479

286

185

120

190

112

225

Budget Deficit/GDP (%)

7

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011.0000

2.0000

4.0000

6.0000

8.0000

10.0000

12.0000

14.0000

7.87

11.8911.47

8.84

5.21

1.06 0.611.63 1.83

5.54

3.63

1,35

Budget Deficit/GDP (%)

%

Source: Ministry of Finance


Budget Deficit/GDP - 2011 (%)


Ireland

Greece

Spain

UK

France

Poland

Netherlands

EU

Portugal

Italy

Austria

Turkey

Germany

0 2 4 6 8 10 12 14

13.19.1

8.58.3

5.25.1

4.74.5

4.23.9

2.61.3

1

Turkey’s Budget Deficit to GDP ratio is lower than that of 23 EU members

EU Defined Government Debt / GDP (%)

9

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110

10

20

30

40

50

60

70

80

90

77.9474.00

67.7059.61

52.7146.52

39.92 40.0246.12

42.40 39.43

Government Debt/ GDP (%)

%

Source: TURKSTAT


EU Defined Government Debt / GDP (%)

10

Source: TURKSTAT, Eurostat

Greece

Italy

Ireland

Portugal

EU

Germany

France

Hungary

United Kingdom

Austria

Netherland

Spain

Poland

*Turkey

0 20 40 60 80 100 120 140 160

145118

9593

8583828180

7263

6155

39


Turkey’s Government Debt to GDP ratio is lower than

that of 21 EU members

Unemployment (%)

11

2002 2003 2004 2005 2006 2007 2008 2009 2010 20116.0

7.0

8.0

9.0

10.0

11.0

12.0

13.0

14.0

15.0

10.3 10.5 10.8 10.6 10.2 10.311.0

14.0

11.9

9.8

Unemployment (%)

Source: TURKSTAT


Unemployment (%)

12

Belgium

Germany

Estonia

Ireland

Greece

Spain

France

Portugal

Slovenia

Slovakia

Finland

Turkey

0 5 10 15 20 25

7.25.9

12.514.4

17.721.7

9.712.9

8.213.5

7.89.8

Unemployment, 2011 (%)

Source: TURKSTAT, EUROSTAT


Unemployment in Turkey is lower than EU and Euro

Area average

13

Foreign Trade of Goods (Bl. $)

Source: TURKSTAT

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110

50

100

150

200

250

300

41 5169

97116

139

170

201

140

185

241

31 36 4763 73

85107

132102 114

135

IMPORTS EXPORT


14

Foreign Trade Volume of Goods /GDP (%)

Source: TURKSTAT 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

0.0

10.0

20.0

30.0

40.0

50.0

60.0

37.7 38.541.0 39.4

42.4 42.945.7

39.6 40.7

48.7


Evolution of Turkish Exports


Fasıl Adı 2000 Fasıl Adı 201161 Articles of apparel, accessories, knit or crochet 3.73 87 Vehicles other than railway, tramway 15.8062 Articles of apparel, accessories, not knit or crochet 2.51 84 Nuclear reactors, boilers, machinery, etc 11.5685 Electrical, electronic equipment 2.00 72 Iron and steel 11.2372 Iron and steel 1.62 85 Electrical, electronic equipment 8.8887 Vehicles other than railway, tramway 1.59 61 Articles of apparel, accessories, knit or crochet 8.4084 Nuclear reactors, boilers, machinery, etc 1.42 27 Mineral fuels, oils, distillation products, etc 6.5408 Edible fruit, nuts, peel of citrus fruit, melons 1.03 73 Articles of iron or steel 5.7663 Other made textile articles, sets, worn clothing etc 1.02 62 Articles of apparel, accessories, not knit or crochet 5.1352 Cotton 0.71 39 Plastics and articles thereof 4.5873 Articles of iron or steel 0.70 08 Edible fruit, nuts, peel of citrus fruit, melons 3.91

16.34 81.7927.77 134.97

Evolution of Turkey's Exports (Billion Dollar)

Subtotal SubtotalTotal Total

Records in goods exports

May 2012 Ministry of Economy 16

6 RECORDS IN 2011 GOODS EXPORTS

Export and Imports

17

Source: TURKSTAT

April 2012 Ministry of Economy

2000

2010

2011

The Number of Import Suppliers

161

194

236

140

168

238

The Number of Export Destinations

Years 2008 2009 2010 2011The Number of Companies Exporting 48.143 48.588 50.379 54.566The Number of Companies Importing 57.785 55.101 59.262 66.757

Turkey’s Services Trade

18

2002 2003 2004 2005 2006 2007 2008 2009 2010 20110.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00

45.00

14.10

17.90

22.90 26.8025.50 28.90

35.50 33.90 34.70

38.90

6.10 7.4010.10

11.70 11.9015.60 17.80 16.60

19.20 20.70

Turkey's Services Trade (Bl. $)

Services Export Services ImportsSource: CBRT


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 2000-2011 period;World: %3,5Turkey: %11,4

Construction• 2nd in terms of the number of top constructing companiesLogistics• Europe’s biggest truck fleet (45000 trucks /1400 companies)• 25. Biggest flight fleet in the world (1 million flight in 2011 /

460.000 international)• High-speed railway projects are carried out rapidly


Turkey's Share in Global Services Exports (%)

20

2007 2008 2009 2010 20110.75

0.8

0.85

0.9

0.95

1

1.05

0.84

0.92

0.99

0.92 0.93

Source: CBRT, WTO


Records in services Exports

21

6 RECORDS IN 2011 SERVICE EXPORTS


Current Account Deficit (Bil. USD)

22

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000*IDUS-Export Oriented Production Strategy*GITES-Import Procurement Strategy*New Incentives*Export Markets Differentiation*Sophistication of exports*Tools for Exports of Services


23

Turkey’s Free Trade Agreements


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. Mexico2. Algeria 7. South Africa3. India 8. African Caribbean Pacific

Countries4. ASEAN 9. Central America5. Peru 10. Indonesia

11. Vietnam

Foreign Direct Investment (FDI)

24

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110

5,000

10,000

15,000

20,000

25,000

9823,352

1,082 1,7022,785

10,031

20,18522,047

19,504

8,4119,038

15,904

Source: TURKSTAT


• From 2000 to 2011 , total 115 billion dollar Foreign Direct Investment

• In 2011, European Countries accounted for 60% of total Foreign Direct Investment

New Incentive Scheme for Turkey

25

The fundamentals of the New Incentive Scheme for Turkey was declared on 05.04.2012.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 e-mail: [email protected] or call +90 444 43 63


Trade Representatives Abroad

195 trade representatives from the Ministry are serving in 89 countries and 137 Center


Daimi Temsilci Yardımcılığı

Ticaret Müşavirliği

Ticaret Ataşeliği

İrtibat Büroları

AFRİKA

KahireNairobi PretoriaRabatTrablusTunusKazablanka

ASYA

Astana Aşkabat Bangkok Bişkek Cakarta Duşanbe Hanoiİslamabad Kabil Kuala Lumpur Manila Pekin Seul Singapur

AVRUPA/KAFKASYAABDTÖOECDAtina Bakü Belgrad Berlin Bern BratislavaBrüksel Budapeşte Bükreş Dublin Helsinki Kiev Kişinev Kopenhag Lahey LizbonLefkoşa

Londra LubliyanaMadrid Minsk MoskovaOslo ParisPodgoricaPragPriştineRomaSaraybosna Sofya Stokholm TiflisTiran Üsküp Varşova Viyana Zagreb

BarselonaBatumDüsseldorfHamburgHannoverKazanMarsilyaMilanoMünihNovorossiskOdessaRotterdamSelanikSt. PetersburgStutgartBirminghamKrasnodarNovosibirskYekaterinburg

Taşkent Tokyo Ulan Bator Yeni Delhi AlmatıGuangzhouHong Kong KaraçiMumbaiŞangayGeorgetown

AbujaAddis Ababa AkraCezayirDakarDarüsselamHartumİskenderiye

Buenos Aires KarakasMexico CityOttavaSantiagoVaşingtonHoustonLos Angeles

AMERİKA

ORTA DOĞUAbu Dhabi Amman BağdatBeyrutDohaKuveytManama

MuskatRiyadSana ŞamTahranTel Aviv Basra

CiddeDubaiErbilHalepKudüsMusulTebriz

SidneyMelbourne

AVUSTRALYA

New YorkSao PauloŞikagoTorontoMiamiSan FranciscoSeattle

GEORGETOWN

Locations of Trade Representatives

27

MINISTRY of ECONOMY

THANK YOU

May 2012

MINISTRY of ECONOMY TURKISH ECONOMY May 2012. Annual Economic Growth Rates (2002-2011) 2 Source:...

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