Economy

GDP (purchasing power parity):
$635.6 billion (2006 est.)

GDP (official exchange rate):
$358.5 billion (2006 est.)

GDP - real growth rate:
5.3% (2006 est.)

GDP - per capita (PPP):
$9,000 (2006 est.)

GDP - composition by sector:
agriculture: 11.2%
industry: 29.4%
services: 59.4% (2006 est.)

Labor force:
24.8 million
note: about 1.2 million Turks work abroad (2006 est.)

Labor force - by occupation:
agriculture: 35.9%
industry: 22.8%
services: 41.2% (3rd quarter, 2004)

Unemployment rate:
10.2% plus underemployment of 4% (2006 est.)

Household income or consumption by percentage share:
lowest 10%: 2.3%
highest 10%: 30.7% (2000)

Inflation rate (consumer prices):
9.8% (2006 est.)

Investment (gross fixed):
20.1% of GDP (2006 est.)

Budget:
revenues: $112.3 billion
expenditures: $121.6 billion; including capital expenditures of $NA (2006 est.)

Public debt:
64.7% of GDP (2006 est.)

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

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

Industrial production growth rate:
5.5% (2006 est.)

Electricity - production:
143.3 billion kWh (2004)

Electricity - consumption:
140.3 billion kWh (2005)

Electricity - exports:
1.1 billion kWh (2004)

Electricity - imports:
500 million kWh (2004)

Oil - production:
50,000 bbl/day (2005 est.)

Oil - consumption:
715,100 bbl/day (2005 est.)

Current account balance:
-$25.99 billion (2006 est.)

Exports:
$85.21 billion f.o.b. (2006 est.)

Exports - commodities:
apparel, foodstuffs, textiles, metal manufactures, transport equipment

Exports - partners:
Germany 11.4%, UK 8%, Italy 7.9%, US 5.9%, France 5.4%, Spain 4.3% (2006)

Imports:
$120.9 billion f.o.b. (2006 est.)

Imports - commodities:
machinery, chemicals, semi-finished goods, fuels, transport equipment

Imports - partners:
Russia 12.7%, Germany 10.6%, China 7%, Italy 6.3%, France 4.8%, US 4.3%, Iran 4.1% (2006)

Reserves of foreign exchange and gold:
$53.42 billion (2006 est.)

Debt - external:
$193.6 billion (30 June 2006 est.)

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

Exchange rates:
Turkish liras per US dollar - 1.4286 (2006), 1.3436 (2005), 1.4255 (2004), 1.5009 (2003), 1.5072 (2002)
note: on 1 January 2005 the old Turkish lira (TRL) was converted to new Turkish lira (TRY) at a rate of 1,000,000 old to 1 new Turkish lira