By US Daily Review Staff. Source: Lucintel
Turkey’s 78.8 million citizens provide a large and growing market, well complemented by its geostrategic location. During 2001-2011, Turkey’s GDP, values at $763 billion in 2011, grew at a CAGR of 4%. Over the next five years, Lucintel estimates the Turkish economy will grow to $1,226 billion at current price by 2017 with a 13.2% CAGR.
Lucintel, a leading global management consultingand market research firm, has analyzed Turkey’s political, economic, social environment and business risk and presents its findings in “Turkey Country Analysis 2012-2017: An Evaluation of Political, Social, Economic and Business Risk.”
The Turkish economy has its own share of problems as it witnessed higher inflation in 2011 due to the depreciation of Turkish Lira, high import prices, and increasing food prices. Moreover, decreasing exports because of the ongoing Euro crisis is expected to have a negative growth impact in the coming years.
Yet, Turkey which is enriched in such natural resources as iron ores, coal, nuclear, hydro power, etc. is an attractive country for FDI. The prudent economic and developmental policies made by its stable government has acceleratedgrowthand blended this economy into the globalized world. In Turkey, fresh incentives are being provided to promote FDI with the intent of increasing its international competitiveness through innovation and technological development. Turkey has a favorable dependency ratio by having enough working age population to support older population in coming years. The government is focused on increasing research and development expenditure.
This Lucintel research report provides insights into the country overview, turkey’s economic performance, and a detail risk analysis of political, social, economic and business aspects. This research study is designed and intended for use by new entrants, manufacturers, OEMs, investors, executives, and consultants focused on the market of Turkey.
The data and analysis found in this report can be utilized for a variety of functional business reasons, including: Business Development, Strategic Planning, Determination of Market Size and Trends, Competitive Analysis, Investment Decisions, and Joint Product Development.