Turkey

Names: conventional long form: Republic of Turkey conventional short form: Turkey local long form: Turkiye Cumhuriyeti local short form: Turkiye

Capital City: Ankara

Population: 70,413,958 (July 2006 est.)

GDP Per Capita: $8,900 (2006 est.)

Currency: Turkish lira (YTL); old Turkish lira (TRL) before 1 January 2005

Languages: Turkish (official), Kurdish, Dimli (or Zaza), Azeri, Kabardian note: there is also a substantial Gagauz population in the Europe part of Turkey

Total Area: total: 780,580 sq km land: 770,760 sq km water: 9,820 sq km slightly larger than Texas

Region: Asia

Industries: textiles, food processing, autos, electronics, mining (coal, chromite, copper, boron), steel, petroleum, construction, lumber, paper

Agriculture: tobacco, cotton, grain, olives, sugar beets, pulse, citrus; livestock

Resources: coal, iron ore, copper, chromium, antimony, mercury, gold, barite, borate, celestite (strontium), emery, feldspar, limestone, magnesite, marble, perlite, pumice, pyrites (sulfur), clay, arable land, hydropower

Labor Force: 24.8 million note: about 1.2 million Turks work abroad (2006 est.)
agriculture: 35.9% industry: 22.8% services: 41.2% (3rd quarter)

Exports: $85.21 billion f.o.b. (2006 est.)
apparel, foodstuffs, textiles, metal manufactures, transport equipment

Imports: $120.9 billion f.o.b. (2006 est.)
machinery, chemicals, semi-finished goods, fuels, transport equipment

Overview: Turkey's dynamic economy is a complex mix of modern industry and commerce along with a traditional agriculture sector that still accounts for more than 35% of employment. It has a strong and rapidly growing private sector, yet the state still plays a major role in basic industry, banking, transport, and communication. The largest industrial sector is textiles and clothing, which accounts for one-third of industrial employment; it faces stiff competition in international markets with the end of the global quota system. However, other sectors, notably the automotive and electronics industries, are rising in importance within Turkey's export mix. Real GNP growth has exceeded 6% in many years, but this strong expansion has been interrupted by sharp declines in output in 1994, 1999, and 2001. The economy is turning around with the implementation of economic reforms, and 2004 GDP growth reached 9%, followed by roughly 5% annual growth in 2005-06. Inflation fell to 7.7% in 2005 - a 30-year low, but climbed back to 9.8% in 2006. Despite the strong economic gains in 2002-06, which were largely due to renewed investor interest in emerging markets, IMF backing, and tighter fiscal policy, the economy is still burdened by a high current account deficit and high debt. The public sector fiscal deficit exceeds 6% of GDP - due in large part to high interest payments, which accounted for about 37% of central government spending in 2004. Prior to 2005, foreign direct investment (FDI) in Turkey averaged less than $1 billion annually, but further economic and judicial reforms and prospective EU membership are expected to boost FDI. Privatization sales are currently approaching $21 billion. Oil began to flow through the Baku-Tblisi-Ceyhan pipeline in May 2006, marking a major milestone that will bring up to 1 billion barrels per day from the Caspian to market.

CIA World Book

In 2007 Missouri exported $32,455,692 in goods to Turkey. This ranks Turkey 48th among the 223 international buyers of Missouri goods. Missouri exports to Turkey increased from the previous year by $4,587,593 a change of 16.46%. State exports to Turkey have increased over the last 5 years by $25,572,503 a change of 371.52%. Missouri exports account for .24%. of all 2007 US exports to Turkey.



NAICS Industry Annual
2002 2003 2004 2005 2006 2007
000 - Total All Industries MO 6,883,189 10,827,621 15,813,068 15,443,161 27,868,099 32,455,692
000 - Total All Industries US 3,106,642,104 2,904,305,397 3,361,057,798 4,274,011,194 5,729,587,355 6,585,654,081
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