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Turkey: Economy |
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The main core of Turkish economy is still agriculture, employing the
largest part of the population. Farming has become more effective than
before, but is still quite inefficient, and most farms are very small.
Fishing makes up an important part of the economy, with almost 100
kg/inhabitant/year, where a major part of the catch is exported. Industry
of Turkey is more aiming at exports than most other countries in the
Middle East, but is small compared to European levels. The main
contributor to the GNP was industry, though, making up more than 1/3.
Economy on the level of ordinary Turks, have worsened in the last years, as inflation has been at the level of 100 or more, while normal wages have been risen at a lower speed. There have been serious measures on trying to bring the Turkey's foreign debts down, as policy conducted under the governments in the 90s, and not very popular among the Turkish population. The remittances coming home from Turks working abroad, mainly in Germany and Saudi Arabia, is important, but doesn't count for more than 2-3% of GNP. |
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