Forex Trading Business

Established by Mustafa KEMAL, or Ataturk in 1923, modern Turkey underwent a series of social and legal reforms. After the Democratic Party came to power in the 1950s, the country experienced a series of military coups in 1960, 1971, and 1980, each resulting in power returning to the people. In 1974, in order to keep the Greeks from taking over the island of Cyprus, Turkey went in and became the island’s supporter state; today, it is the only country to recognize the Turkish Republic of Northern Cyprus.

Main Airports

Ankara (ESB) (Esenboga), Istanbul (IST), Izmir (IZM)

U.S. Embassy

110 Ataturk Boulevard, Kavaklidere, Ankara 06100
tel: (90) (312) 455-5555

Statistics

GDP: purchasing power parity:

$572 billion (2005 est.)

GDP - real growth rate:

5.6% (2005 est.)

GDP - per capita: purchasing power parity:

8,200 (2005 est.)

Inflation rate (consumer prices):

8.2% (2005 est.)

Labor force:

24.7 million
note: about 1.2 million Turks work abroad (2005 est.)

Exports:

$72.49 billion f.o.b. (2005 est.)

Exports - partners:

Germany 13%, UK 8.2%, Italy 7%, US 6.9%, France 5.1%, Spain 4.2% (2005)

Imports:

$101.2 billion f.o.b. (2005 est.)

Imports - partners:

Germany 13.9%, Russia 10.5%, Italy 7%, France 5.6%, China 4.4%, US 4.1% (2005)

Population:

70,413,958 (July 2006 est.)

Population growth rate:

1.06% (2006 est.)

Population Below Poverty Line:

20% (2002)

Major Industries:

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

Employing Workers: 146*

Registering Property: 54*

Enforcing Contracts: 70*

Closing a Business: 138*

*2006 World Bank rank out of 175 countries