Please update this article to reflect recent events or newly available information. An amnesty program to register illegal constructed buildings brought in $3.1billion, but the safety issues largely remain.
These values are calculated using the 1992 revision of the Harmonized System classification. The The following table shows the main economic indicators in 1980–2018. The To cover the increasing energy needs of its population and ensure the continued raising of its living standards, Turkey Turkey has the fifth-highest direct utilization and capacity of By the end of the 2010's Turkey had achieved energy security - in part by increasing The proportion of renewable energy in Turkey is twice the EU average, at around 25–26%. As Turkey is prone to strong earthquakes, poor building quality is even more concerning.The total length of the rail network was 10,991 km in 2008, ranking As of 2010, the country had a roadway network of 426,951 km, including 2,080 km of The telecommunications liberalisation process started in 2004 after the creation of the Telecommunication Authority, and is still ongoing. The European Commission had already started the formal process for extending the The automotive industry is an important part of the economy since the late 1960s. Please update this article to reflect recent events or newly available information. According to industry group the Automotive Manufacturers Association, or OSD, Turkey exported 1.14 million units in 2016, up 15% from the year before. Please update this article to reflect recent events or newly available information. The World Bank classifies Turkey as an upper-middle income country in terms of the country's per capit… Please update this article to reflect recent events or newly available information. Since 1995, Turkey is a party to the European Union–Turkey Customs Union. Turkey is a founding member of the OECD (1961) and the G-20 major economies (1999). Annual exports reached $1.6 billion in 2014.Over half of Turkey's building stock contravenes housing regulations. Other top exports from the country are gold, delivery trucks, vehicle parts and jewelry, which are respectively, $6.96 billion, $5.04 billion, $4.64 billion, and $3.39 billion. A longstanding characteristic of the economy of Turkey is a low savings rate.Share prices in Turkey nearly doubled over the course of 2009.In 2017, the OECD expected Turkey to be one of the fastest growing economies among OECD members during 2015-2025, with an annual average growth rate of 4.9 percent.On August 10, 2018, Turkish currency lira nosedived following Trump's tweet about doubling tariffs on Turkish steel and aluminum that day.By the end of 2018, Turkey went into recession. Turkey plans to raise this to 30% by 2023.The share of renewable energy, which serves as one of the most important pillars of the National Energy and Mine Policy and led by hydro, wind and solar energy, reached 32 percent in the third quarter of 2017, surpassing the target of 30 percent that was set for 2023.Turkey led the way in Europe with an increase of 1.79 GW in solar capacity making the country one of the most promising markets in terms of solar business.Turkey is the tenth-ranked producer of minerals in the world in terms of diversity. Around 60 different minerals are currently produced in Turkey. Turkey is often classified as a newly industrialized country by economists and political scientists; while Merrill Lynch, the World Bank, and The Economist describe Turkey as an emerging marketeconomy. Inflation under 5% is in green.As of 2016, Turkey is the world's largest producer of Since the 1980s, agriculture's share in the total economy has reduced. Nearly 80% of vehicles produced in Turkey were exported.Turkey has many modern armament manufacturers. The richest mineral deposits in the country are Environmentalists argue that some actions to improve the environment would also benefit the economy, for example: that investing in wind and solar power would create jobs and is competitive with fossil fuels.The country's wealth is mainly concentrated in the northwest and west, while the east and southeast suffer from poverty, lower economic production and higher levels of unemployment. Auto exports hit a record high for the fourth straight year. According to travel agencies Originally established as the Ottoman Stock Exchange (Until 1991, establishing a private sector bank in Turkey was subject to strict government controls and regulations. Please update this article to reflect recent events or newly available information. Comparatively, it imports many of the same industries, such as, gold valued at $17.1 billion, refined petroleum at $9.8 billion, cars at $8.78 billion, vehicle parts at $6.34 billion and scrap iron at $5.84 billion.The pipeline network in Turkey included 1,738 kilometres (1,080 mi) for crude oil, 2,321 kilometres (1,442 mi) for petroleum products, and 708 kilometres (440 mi) for natural gas in 1999. However, livestock products, including meat, milk, wool, and eggs, contributed to more than The EU imported fruit and vegetables from Turkey worth €738.4 million up to September 2016, an increase of 21% compared to the same period in 2015, according to Eurostat data processed by FEPEX (Federación Española de Asociaciones de Productores).