Turkey Snapshot - PESTLE, SWOT, Risk and Macroeconomic Trends Analysis
Turkey Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Turkey including it’s PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data
Turkey, officially the Republic of Turkey, is a contiguous transcontinental country, located mostly on Anatolia in Western Asia, and on East Thrace in Southeastern Europe. Turkey is bordered by eight countries, Bulgaria to the northwest; Greece to the west; Georgia to the northeast, Armenia, Iran and the Azerbaijani exclave of Nakhichevan to the east, and Iraq and Syria to the southeast. The Mediterranean Sea is to the south; the Aegean Sea is to the west, and the Black Sea is to the north. Turkey is a democratic, secular, unitary, constitutional republic with a diverse cultural heritage.
Turkey had population of 84.68 million in the year 2021 and expected to reach 90.46 million by 2027, growing at a CAGR of 1.11%.
Turkey’s real gross domestic product (GDP) was TRY 1803.90 billion in 2020 and while recovering from the COVID-19 impact it increased by 9.90% to be around TRY 2002.08 billion in 2021. It is further expected to increase by 3.23% and reach TRY 2422.66 billion by 2027.
Turkey’s unemployment rate was 13.147% of total labor force in 2020. It is expected to decrease at a CAGR of 3.16% and reach 10.5% by 2027.
Turkey’s per capita GDP was USD 9527.68 whereas purchasing power parity (PPP) based per capita GDP was USD 34,755.24 for the year 2021.
In 2021, Turkey government’s revenue was TRY 2005.97 billion whereas the expenditure was TRY 2256.84 billion. This resulted in Turkey government’s net lending / borrowing negative at TRY 250.869 billion in 2021 indicating that not enough financial resources were made available by the Turkey government to boost economic growth.
The current account balance for Turkey was negative at USD 14.887 billion for the year 2021 and is expected to decrease at a CAGR of 2.98% and reach negative USD 17.752 billion by 2027. This negative current account balance indicates that Turkey will remain a net borrower from the rest of the world till 2027.
Scope of Turkey Snapshot – PESTLE, SWOT, Risk Macroeconomic Analysis Report
Turkey, officially the Republic of Turkey, is a contiguous transcontinental country, located mostly on Anatolia in Western Asia, and on East Thrace in Southeastern Europe. Turkey is bordered by eight countries, Bulgaria to the northwest; Greece to the west; Georgia to the northeast, Armenia, Iran and the Azerbaijani exclave of Nakhichevan to the east, and Iraq and Syria to the southeast. The Mediterranean Sea is to the south; the Aegean Sea is to the west, and the Black Sea is to the north. Turkey is a democratic, secular, unitary, constitutional republic with a diverse cultural heritage.
Turkey had population of 84.68 million in the year 2021 and expected to reach 90.46 million by 2027, growing at a CAGR of 1.11%.
Turkey’s real gross domestic product (GDP) was TRY 1803.90 billion in 2020 and while recovering from the COVID-19 impact it increased by 9.90% to be around TRY 2002.08 billion in 2021. It is further expected to increase by 3.23% and reach TRY 2422.66 billion by 2027.
Turkey’s unemployment rate was 13.147% of total labor force in 2020. It is expected to decrease at a CAGR of 3.16% and reach 10.5% by 2027.
Turkey’s per capita GDP was USD 9527.68 whereas purchasing power parity (PPP) based per capita GDP was USD 34,755.24 for the year 2021.
In 2021, Turkey government’s revenue was TRY 2005.97 billion whereas the expenditure was TRY 2256.84 billion. This resulted in Turkey government’s net lending / borrowing negative at TRY 250.869 billion in 2021 indicating that not enough financial resources were made available by the Turkey government to boost economic growth.
The current account balance for Turkey was negative at USD 14.887 billion for the year 2021 and is expected to decrease at a CAGR of 2.98% and reach negative USD 17.752 billion by 2027. This negative current account balance indicates that Turkey will remain a net borrower from the rest of the world till 2027.
Scope of Turkey Snapshot – PESTLE, SWOT, Risk Macroeconomic Analysis Report
- This report provides information about key macroeconomic indicators for Turkey.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Turkey.
- This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Turkey.
- This report provides risk analysis for Turkey.
- This report provides information on Coronavirus (COVID-19) pandemic related policy response of Turkey.
1. EXECUTIVE SUMMARY
Scope of Turkey Snapshot – PESTLE, SWOT, Risk Macroeconomic Analysis Report
Research Methodology
2. PESTLE ANALYSIS OF TURKEY
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment/Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending/Borrowing
2.2.4.4 Government Gross Debt
2.2.4.5 Government Net Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT ANALYSIS OF TURKEY
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. RISK ANALYSIS OF TURKEY
5. COVID-19 RELATED POLICY RESPONSE OF TURKEY
5.1 Coronavirus (COVID-19) Containment Measures of Turkey
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Turkey
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Turkey
5.4 Coronavirus (COVID-19) Related Policy Measures for MSMEs by Turkey
Notes
Company Information
Scope of Turkey Snapshot – PESTLE, SWOT, Risk Macroeconomic Analysis Report
Research Methodology
2. PESTLE ANALYSIS OF TURKEY
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment/Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending/Borrowing
2.2.4.4 Government Gross Debt
2.2.4.5 Government Net Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT ANALYSIS OF TURKEY
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. RISK ANALYSIS OF TURKEY
5. COVID-19 RELATED POLICY RESPONSE OF TURKEY
5.1 Coronavirus (COVID-19) Containment Measures of Turkey
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Turkey
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Turkey
5.4 Coronavirus (COVID-19) Related Policy Measures for MSMEs by Turkey
Notes
Company Information
LIST OF EXHIBITS
Exhibit 2.1 Real GDP of Turkey (in TRY billion) 2020-2027
Exhibit 2.2 Nominal GDP of Turkey (in TRY billion) 2020-2027
Exhibit 2.3 Nominal GDP of Turkey (in USD billion) 2020-2027
Exhibit 2.4 GDP Deflator Index for Turkey 2020-2027
Exhibit 2.5 Per Capita GDP of Turkey (in USD) 2020-2027
Exhibit 2.6 PPP Per Capita GDP of Turkey (in USD) 2020-2027
Exhibit 2.7 Total Investment of Turkey (in %) 2020-2027
Exhibit 2.8 Gross National Savings of Turkey (in %) 2020-2027
Exhibit 2.9 Consumer Price Index (CPI) Inflation of Turkey 2020-2027
Exhibit 2.10 Change in Import Volume of Goods & Services of Turkey (in %) 2020-2027
Exhibit 2.11 Change in Export Volume of Goods & Services of Turkey (in %) 2020-2027
Exhibit 2.12 Government Revenue of Turkey (in TRY billion) 2020-2027
Exhibit 2.13 Government Revenue of Turkey (in % of GDP) 2020-2027
Exhibit 2.14 Government Expenditure of Turkey (in TRY billion) 2020-2027
Exhibit 2.15 Government Expenditure of Turkey (in % of GDP) 2020-2027
Exhibit 2.16 Government Net Lending/Borrowing of Turkey (in TRY billion) 2020-2027
Exhibit 2.17 Government Net Lending/Borrowing of Turkey (in % of GDP) 2020-2027
Exhibit 2.18 Government Gross Debt of Turkey (in TRY billion) 2020-2027
Exhibit 2.19 Government Gross Debt of Turkey (in % of GDP) 2020-2027
Exhibit 2.20 Government Net Debt of Turkey (in TRY billion) 2020-2027
Exhibit 2.21 Government Net Debt of Turkey (in % of GDP) 2020-2027
Exhibit 2.22 Current Account Balance of Turkey (in USD billion) 2020-2027
Exhibit 2.23 Current Account Balance of Turkey (in % of GDP) 2020-2027
Exhibit 2.24 Turkey – Top 10 Export Countries (in USD billion) & % Share 2021
Exhibit 2.25 Turkey – Top 10 Import Countries (in USD billion) & % Share 2021
Exhibit 2.26 Population of Turkey (in million) 2020-2027
Exhibit 2.27 Unemployment Level in Turkey (in %) 2020-2027
Exhibit 3.1 SWOT Analysis of Turkey
Exhibit 5.1 Covid-19 Policy Response for Supporting MSMEs by Turkey
Exhibit 2.1 Real GDP of Turkey (in TRY billion) 2020-2027
Exhibit 2.2 Nominal GDP of Turkey (in TRY billion) 2020-2027
Exhibit 2.3 Nominal GDP of Turkey (in USD billion) 2020-2027
Exhibit 2.4 GDP Deflator Index for Turkey 2020-2027
Exhibit 2.5 Per Capita GDP of Turkey (in USD) 2020-2027
Exhibit 2.6 PPP Per Capita GDP of Turkey (in USD) 2020-2027
Exhibit 2.7 Total Investment of Turkey (in %) 2020-2027
Exhibit 2.8 Gross National Savings of Turkey (in %) 2020-2027
Exhibit 2.9 Consumer Price Index (CPI) Inflation of Turkey 2020-2027
Exhibit 2.10 Change in Import Volume of Goods & Services of Turkey (in %) 2020-2027
Exhibit 2.11 Change in Export Volume of Goods & Services of Turkey (in %) 2020-2027
Exhibit 2.12 Government Revenue of Turkey (in TRY billion) 2020-2027
Exhibit 2.13 Government Revenue of Turkey (in % of GDP) 2020-2027
Exhibit 2.14 Government Expenditure of Turkey (in TRY billion) 2020-2027
Exhibit 2.15 Government Expenditure of Turkey (in % of GDP) 2020-2027
Exhibit 2.16 Government Net Lending/Borrowing of Turkey (in TRY billion) 2020-2027
Exhibit 2.17 Government Net Lending/Borrowing of Turkey (in % of GDP) 2020-2027
Exhibit 2.18 Government Gross Debt of Turkey (in TRY billion) 2020-2027
Exhibit 2.19 Government Gross Debt of Turkey (in % of GDP) 2020-2027
Exhibit 2.20 Government Net Debt of Turkey (in TRY billion) 2020-2027
Exhibit 2.21 Government Net Debt of Turkey (in % of GDP) 2020-2027
Exhibit 2.22 Current Account Balance of Turkey (in USD billion) 2020-2027
Exhibit 2.23 Current Account Balance of Turkey (in % of GDP) 2020-2027
Exhibit 2.24 Turkey – Top 10 Export Countries (in USD billion) & % Share 2021
Exhibit 2.25 Turkey – Top 10 Import Countries (in USD billion) & % Share 2021
Exhibit 2.26 Population of Turkey (in million) 2020-2027
Exhibit 2.27 Unemployment Level in Turkey (in %) 2020-2027
Exhibit 3.1 SWOT Analysis of Turkey
Exhibit 5.1 Covid-19 Policy Response for Supporting MSMEs by Turkey
