Turkish Economy

Lying partly in Europe and partly in Asia, Turkey is a beautiful country that has ethnic links to the empires of Ottoman, Persian, Greek, Roman and Byzantine. It is a developed country with its capital at Ankara and it has an emerging market.
It ranks 17th in the world in terms of nominal GDP and 13th in GDP by PPP (Purchasing Power Parity).
It is the founding members of G-20 major economies and Organisation for Economic Co-operative and Development.
In the list of top 100 billionaires of Turkey (Forbes List) 21 are women.
Labour force participation for the year 2018 is 52.2% while the employment rate is 46.6%.
Undergoing Projects
Istanbul New Airport which will be complete by 2030 will be one of the biggest airports in the world.
Kanal Istanbul which is due for opening in the year 2023 will change the face of waterway of Turkey.
Finance
One of the targets of Turkish administration is to transform Istanbul into an important financial sector by 2023.
Banking accounts for 70% of the financial services in Turkey.
There are 51 banks out of which 33 are deposit banks, 13 are development and investment banks and 5 are participation banks.
21 banks out of the 51 hold foreign capital and 30% assets are held for foreign investors.
Agriculture
Agriculture is an important part of the Turkish economy. For the past 15 years their exports total up to $193.4 billion while their agricultural imports total to $189.4 billion.
Hazelnuts, cherries, pomegranates, quinces, figs, tomatoes, watermelons, lentils, pistachios, chickpeas, cucumbers, olives and onions are some of their biggest produces.