What is the ranking of Turkey's economy in Europe?

If this is calculated per inhabitant, taking purchasing power parity into account, then Turkey ranks 55th in the list of the richest countries. Inflation in Turkey in 2021 was around 19.60%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Where does Turkey rank economically?

79th (Nominal; 2022 est.) 46th (PPP; 2022 est.)

Is Turkey richer than Germany?

Turkey has a GDP per capita of $28,400 as of 2020, while in Germany, the GDP per capita is $50,900 as of 2020.

What is Turkey's world rank?

The GFP index denotes Turkiye as a Top 15 world power.

Which economy is better Turkey or Greece?

The respective GDPs of Greece and Türkiye in 2021 were $216.38 and $851 billion, which makes the Turkish economy almost four times bigger than the Greeks'. Greek military spending per GDP is 3.8%, while Türkiye spends slightly less than 2.1% of its GDP per the prerequisites of NATO.

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Is Turkey richer than France?

Turkey has a GDP per capita of $28,400 as of 2020, while in France, the GDP per capita is $42,000 as of 2020.

Which country is richer Greece or Turkey?

Today the Greek GDP reaches 218 billion dollars and that of Turkey 771 billion dollars – Greece's domestic GDP corresponds to only 28 percent of Turkey's GDP.

Is Turkey the strongest army in the world?

The Turkish Armed Forces is the second largest standing military force in NATO, after the U.S. Armed Forces, and the thirteenth in the world, with an estimated strength of 775,000 military and paramilitary personnel in 2022.

Is Turkey richer than the US?

United States has a GDP per capita of $60,200 as of 2020, while in Turkey, the GDP per capita is $28,400 as of 2020.

Is Turkey a 1st 2nd or 3rd world country?

Examples of second-world countries by this definition include almost all of Latin and South America, Turkey, Thailand, South Africa, and many others. Investors sometimes refer to second world countries that appear to be headed toward first world status as "emerging markets" instead.

Who is richer Italy or Turkey?

Italy has a GDP per capita of $39,000 as of 2020, while in Turkey, the GDP per capita is $28,400 as of 2020.

Why is Turkey the best country to live in?

Turkey has beautiful natural landscapes, a rich history, delicious cuisine, an interesting culture full of unique traditions, and kind people all around – all mixed with a warm and pleasant climate that is perfect for living.

Who is richer Turkey or Israel?

Turkey has a GDP per capita of $28,400 as of 2020, while in Israel, the GDP per capita is $38,300 as of 2020.

What is the strongest economy in Europe?

GDP of European countries in 2021. With a Gross Domestic Product of over 3.57 trillion Euros, the German economy was by far the largest in Europe in 2021. The similar-sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain.

Who is Turkey's biggest economic partner?

The EU is by far Türkiye's largest merchandise import and export partner. In 2022, 26% of Türkiye's goods imports came from the EU and 41% of the country's goods exports went to the EU. Total trade in goods between the EU and Türkiye in 2022 amounted to €198.1 billion (3.6% of the EU's total trade with the world).

What is the average income in Turkey?

The average monthly salary in Turkey is about 7,830 Turkish Liras (420.08 USD). This includes employee benefits such as allowances, medical, and transportation. The World Bank categorizes Turkey as an upper-and-middle-economy, with a GDP of 9586.6 USD per capita (as recorded in 2021).

Is it cheaper to live in Turkey or the US?

The cost in Turkey is at least 35 percent lower, with an average of $689. For the average monthly cost of living for a working individual, excluding rent, Turkey is also 58.6 percent cheaper at $408 compared to $985 in the US.

What does Turkey think of America?

A 2019 survey conducted by the Pew Research Center showed 73% of Turks had a negative view of the United States, with only 20% having a positive view, the lowest among countries polled.

Why is Turkey so important to the US?

Turkey contributes to international security alongside U.S. forces in Europe, the seas bordering Somalia, and in the Mediterranean. Turkey borders Greece, Bulgaria, Georgia, Armenia, Azerbaijan, Iran, Iraq, and Syria, and is a key partner for U.S. policy in the surrounding region.

Who is stronger Iran or Turkey?

A ranking of military strength in the Middle East for 2021, released by Global Firepower, places the Turkish army at No. 1. It surprisingly places Israel fifth, and its arch-nemesis Iran third.

Is Turkey the strongest in NATO?

In 2022, the United States had the largest number of military personnel out of all North Atlantic Treaty Organization (NATO) countries, with 1.35 million troops. The country with the second largest number of military personnel was Turkey, with just around 447,000 personnel.

How good is Turkish military?

Turkey has boosted its military power over the past year, moving up two places in the Global Fire Power's 2023 Military Strength Rankings. At 11th place, it now holds the highest ranking in the Middle East North Africa region.

Is China richer than Turkey?

China has a GDP per capita of $16,400 as of 2020, while in Turkey, the GDP per capita is $28,400 as of 2020.

Is Portugal richer than Turkey?

Turkey has a GDP per capita of $28,400 as of 2020, while in Portugal, the GDP per capita is $32,200 as of 2020.

Is Turkey richer than Brazil?

Turkey has a GDP per capita of $28,400 as of 2020, while in Brazil, the GDP per capita is $14,100 as of 2020.