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Capital: Ankara
Population:
65,599,206 (July 1999 est.)
Age structure:
0-14 years: 30% (male 10,148,457; female 9,781,452)
15-64 years: 64% (male 21,255,506; female 20,560,070)
65 years and over: 6% (male 1,775,164; female 2,078,557) (1999
est.)
Economy—overview:
Turkey has a dynamic economy that is a complex mix of modern industry and
commerce along with traditional village agriculture and crafts. It has a
strong and rapidly growing private sector, yet the state still plays a
major role in basic industry, banking, transport, and communication. Its
most important industry—and largest exporter—is textiles and clothing,
which is almost entirely in private hands. The economic situation in
recent years has been marked by rapid growth coupled with partial success
in implementing structural reform measures. Inflation declined to 70% in
1998, down from 99% in 1997, but the public sector fiscal deficit probably
remained near 10% of GDP—due in large part to interest payments which
accounted for 42% of central government spending in 1998. The government
enacted a new tax law and speeded up privatization in 1998 but made no
progress on badly needed social security reform. Ankara is trying to
increase trade with other countries in the region yet most of Turkey's
trade is still with OECD countries. Despite the implementation in January
1996 of a customs union with the EU, foreign direct investment in the
country remains low—about $1 billion annually—perhaps because
potential investors are concerned about still-high inflation and the
unsettled political situation. Economic growth will remain about the same
in 1999; inflation should decline further.
GDP: purchasing power parity—$425.4
billion (1998 est.)
GDP—real growth rate:
2.8% (1998 est.)
GDP—per capita:
purchasing power parity—$6,600 (1998 est.)
Inflation rate (consumer prices): 70% (1998)
Industrial production growth rate: 4.1% (1998 est.)
Telephones:
17 million (in addition, there are 1.5 million cellular telephone
subscribers) (1997 est.)
Telephone system:
fair domestic and international systems; undergoing modernization and
refurbishment programs
domestic: cable; AMPS standard cellular system in Ashkhabad with
plans for expansion
international: 12 satellite earth stations—Intelsat (Atlantic
Ocean), Eutelsat, and Inmarsat (Indian and Atlantic Ocean regions); 3
submarine fiber-optic cables (1996); connected internationally by the
Trans-Asia-Europe Fiber-Optic Line that became operational in 1998
Radio broadcast stations:
AM NA, FM NA, shortwave NA
note: there are 36 national broadcast stations, 108 regional
broadcast stations, and 1,058 local broadcast stations (1996)
Radios: 9.4 million (1992
est.)
Television broadcast stations: 69 (in addition, there are 476 low-power repeaters) (1997)
Televisions:
10.53 million (1993 est.)
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