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Ranking of the Turkish economy among European countries

Turkey is a country that straddles both Europe and Asia, and its economy is one of the largest in the region. However, when it comes to its ranking among European countries, there are a few different ways to approach the question.

In terms of gross domestic product (GDP), which measures the value of all goods and services produced within a country, Turkey is currently the 19th largest economy in the world, according to the International Monetary Fund (IMF). When looking specifically at Europe, Turkey is the sixth largest economy, behind Germany, France, the United Kingdom, Italy, and Spain.

However, when it comes to per capita GDP, which measures the average income per person in a country, Turkey falls much lower in the rankings. According to World Bank data from 2020, Turkey has a per capita GDP of around $9,000, which puts it below the European Union average and well behind many other European countries such as Switzerland, Norway, and Luxembourg.

Another way to compare the Turkish economy to those of other European countries is by using various economic indicators. For example, the World Economic Forum produces an annual competitiveness report that ranks countries based on factors such as infrastructure, institutions, and innovation. In the most recent report, Turkey was ranked 55th out of 137 countries, placing it behind many European countries such as Sweden, Germany, and Austria.

Similarly, the World Bank produces an annual "Ease of Doing Business" report that ranks countries based on factors such as starting a business, getting credit, and enforcing contracts. In the most recent report, Turkey was ranked 54th out of 190 countries, again placing it behind many European countries such as Denmark, Norway, and the United Kingdom.

Overall, while Turkey has a large and growing economy, its ranking among European countries varies depending on the specific measure being used. While it is the sixth largest economy in Europe by GDP, it falls much lower in the rankings when it comes to per capita income or various economic indicators.

2023-06-20

Turkish Language

Turkish is an official language in Turkey and TRNC. It is also an official language in the Uzbek regions of the Republic of Uzbekistan and the Dagestan Islands of Russia.
In addition, Turkish is widely spoken in some other countries as a second or minority language, such as:
1. Germany: There are about 3 million people who speak Turkish.
2. Austria: about 300,000 people speak Turkish.
3. Bulgaria: About 700,000 people speak Turkish.
4. Kyrgyz: about 200,000 people speak Turkish.
5. Romania: about 40,000 people speak Turkish.
6. Turkmenistan: About 200,000 people speak Turkish.
7. Ukraine: About 250,000 people speak Turkish.
There are also small Turkish communities in some other European countries such as Denmark, the Netherlands, Belgium, France, Italy, Spain, Greece, Australia, Canada and the United States of America.

2023-03-27

Group of Twenty (G20)

The Group of Twenty (G20) is a group of 19 countries and the European Union, which are the most economically advanced countries in the world. The Group of Twenty was established in 1999, and its mission is to promote economic and development cooperation and manage global crises.
The list of twenty countries includes the following countries:
1. Argentina
2. Australia
3. Brazil
4. Canada
5. China
6. France
7. Germany
8. India
9. Indonesia
10. Italy
11. Japan
12. Mexico
13. Russia
14. Saudi Arabia
15. South Africa
16. South Korea
17. Turkey
18. United Kingdom
19. USA
20. The European Union
Turkey entered the list of twenty countries in 1999, as it was one of the original 20 members chosen to found the group. Turkey was invited to join the group because of its strategic location as a bridge between East and West, and because of its large economy and increasing economic growth. Since then, Turkey has participated in all annual meetings of the Group of Twenty and has become an active partner in international economic and political processes.

2023-03-25

Gross domestic product in turkish economy

Gross domestic product is an economic measure used to measure the total value of goods and services produced in a country over a specified period, usually one year. Gross domestic product is calculated by adding the value of all goods and services produced within the country's geographic borders, including goods and services produced by foreign residents.
According to official statistics for the year 2021, Turkey's GDP is about 934.4 billion USD. This GDP is made up of several different economic sectors, including agriculture, industry, and services.
The Gross Domestic Product (GDP) is an important measure of the health of a country's economy, as it can be used to measure the growth of the economy, analyze economic trends, and make appropriate economic decisions. Turkey seeks to increase the gross domestic product by promoting investments, developing new industries and increasing productivity in various sectors.

2023-03-23

Livestock in Turkey

Livestock is an important resource in Turkey, as the agricultural and animal sector is one of the main sectors in the Turkish economy. Livestock in Turkey varies according to geographical regions, climate and terrain, and includes many important animal species.
Cattle and sheep are the most common animal species in Turkey, where sheep are more prevalent in mountainous and desert areas, while cattle are more prevalent in plain areas and agricultural areas. Turkey also produces large quantities of meat, milk, eggs and honey, in addition to wool and leather.
In addition to cattle and sheep, there are other important animal species in Turkey such as fish, as there are many fish farms on the Turkish coast, and the fish is of high quality and exported to many countries. There are also other types of animals in Turkey such as poultry, rabbits, horses, donkeys, bees and cows raised for milk production.
The animal sector in Turkey enjoys significant government support, and the sector is regulated through the Ministry of Agriculture and Forestry. Turkey follows advanced practices in animal health care and nutrition, and provides a healthy and clean environment for animals raised in farms and slaughterhouses. The animal sector in Turkey seeks to enhance productivity and quality.

2023-03-21

who is Mimar Sinan?

Sinan is a famous Ottoman architect and one of the most prominent architects in the world, and he is considered one of the most important architects who worked in the Ottoman Empire in the sixteenth century AD.
Sinan was born in present-day Greece in 1489, and his family were Turks who immigrated to Greece during the Ottoman period. Sinan studied engineering, drawing and architecture in many Ottoman schools, and at the age of twenty-three in 1512, he began working in the field of architecture after he was appointed by the Ottoman Sultan Selim I.
Sinan worked on building many important buildings in the Ottoman Empire, which are distinguished by his wonderful artistic style that blends traditional Ottoman styles with modern designs. Among the most famous buildings built by Sinan is the Suleiman the Magnificent Mosque in Istanbul, which is one of the most important tourist attractions in Turkey. Sinan also built the Great Palace of Justice, which is one of the largest administrative buildings in the world.
Sinan is considered one of the most important architects in the history of the Ottoman Empire, and he left a large legacy of buildings that testify to his technical skill and experience in architectural work. Since his death in 1588, many of the buildings built by Sinan are still standing today, and they form an essential part of the history of architecture in the world.

2023-03-20

Electric Car Industry

Turkey has started working on the electric car industry in recent years, and the Turkish government hopes to become a leader in this field in the region.
Turkish companies such as TOGG, BMC, Karsan, and others are developing electric cars that contain advanced technologies. TOGG was announced as Turkey's first fully electric car in December 2019.
A TOGG prototype was revealed in December 2020, and it was confirmed that the car will enter production in 2022. The car is scheduled to be available for purchase in Turkey in 2023, and in other European countries at a later date.
Regarding BMC, it has announced an electric car model under the name "İzmir", and more details are expected to be announced in the near future.
Moreover, Karsan is developing fully electric buses under the name "Jest Electric", and these buses are expected to be available in the market in 2021.
It can be said that Turkey has started developing electric cars in recent years, and there are many companies working to develop advanced electric cars. These cars are expected to be available in the Turkish market in the coming years, and more developments in this field will be monitored in the near future

2023-03-21

Real estate insurance in Turkey against earthquakes

Although we will review the insurance law against earthquakes and natural disasters in Turkey, this does not constitute a diminution of real estate in Turkey as much as it constitutes strength and a source of safety for real estate owners in it, and Istanbul is one of the strongest cities in the world at various levels, the most important of which is the real estate field, and there is much talk However, the real reality is that it is a strong and solid city, and the 1999 earthquake gave it a great deal of government attention, so the Turkish government focused most of its attention on constructing buildings and infrastructure according to strict conditions that cannot be tolerated, so that the buildings are resistant to earthquakes and earthquakes over time .
In view of the losses caused by the aforementioned earthquake, Istanbul is considered a steadfast city, and this is evident in all its heritage and current buildings, noting the scholars' assertion that the earthquake line does not pass through the center of Istanbul.
Returning to our main topic, which is real estate insurance against earthquakes, and what does this mean?
This includes everything that proves the construction and makes it steadfast in the face of time factors, and the Turkish government’s take on this matter puts the real estate construction companies in front of a great challenge in producing the best they have, starting from soil analysis experts, testing their suitability and the amount of height of the floor buildings above them, through the materials used in construction and ending with the cladding.
Do earthquakes pose a threat to real estate investment in Turkey?
Natural disasters occur everywhere and their occurrence and damage cannot be predicted. This matter has no human hand in it. The evidence for this is the occurrence of earthquakes in Iran and Indonesia, the occurrence of the well-known tsunami, as well as storms and hurricanes that occur everywhere in the globe and leave a lot of damage and losses.
What are the measures taken by Turkey regarding earthquakes:
After the earthquake of 1999, the Turkish state found itself facing a major challenge, and it issued a list of its most important plans in order to remain on alert for such natural disasters.
The earthquake, which caused great losses, awakened the spirit of preparedness to confront it and to take the best possible measures in order to reduce as much as possible its effects in the event of its occurrence.
For this purpose, he issued a decision to establish Turkish companies to combat natural disasters, DASK, whose mission is insurance in the event of natural disasters resulting from the earthquake, such as:
Destroy the property
property combustion
The property cracked, whether the columns or the walls
Damage to the garden of the property and its accessories
After the establishment of these companies, obtaining an earthquake insurance policy became necessary and obligatory for everyone who wants to own a property in Turkey.
This document - earthquake insurance - is presented with the real estate papers to the municipality, after paying the insurance value by the owner of the property, after he obtains a full explanation of the real estate situation in terms of area, building age, building status, degree of resistance to earthquakes, and materials used in construction.
The owner of the property must pay the insurance value annually to the earthquake insurance company, and the tenant has nothing to do with paying the insurance.
The property owner cannot open the water, electricity and gas meters only after obtaining the property insurance policy against earthquakes
On the other hand, earthquake insurance companies in the event of a natural disaster occur to the property:
Compensating the owner of the property, whether a citizen or a foreigner, with a specified amount of money.
According to the area of the property and the extent of the damage to it.
What does the Turkish government provide to those affected in the event of an earthquake:
The Turkish government is building tents for those affected or providing prefabricated houses

The government provides an amount of money to each affected family

The government asks the Toki Housing Corporation to quickly build the dilapidated properties and provide them to the affected people

What are the places where an earthquake insurance policy is required when owning it:
Residential buildings
Commercial real estate and its workplaces and offices
Private real estate, even if it is under construction, is still in progress. construction license
What are the places that earthquake insurance companies do not insure:
offending buildings
construction in rural areas
Public facilities
Abandoned buildings
The importance of earthquake insurance in Turkey:
Since the decision is valid and binding in Turkey, this prompts construction companies to construct earthquake-resistant real estate according to the best conditions for convergence of damage resulting from the earthquake. Thus, construction companies will do their best to construct a building with high-quality materials and earthquake-resistant features of 8 degrees on the Richter scale, because they will be responsible for Damages if they occur later.
Should you be concerned about the decline in real estate prices in Turkey due to earthquakes:
It is not a matter of concern to property owners or investors for reasons
1- The annual increase in the population, in particular Istanbul, which has an annual increase of 5.2 per year.
2- The measures taken by the Turkish government represented by the earthquake insurance law and the obligation of construction companies to construct buildings that are highly resistant to earthquakes.

2023-02-13

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