Lewes, DE -- (SBWIRE) -- 03/27/2019 -- Turkey's foreign debt mounted to USD 466.7bn (as of June 2018) or 54% of GDP, the weak lira poses a high risk in terms of hard currency interest payments. Inflation also remains high at around 20 per cent.

Turkey, officially the Republic of Turkey, is a contiguous transcontinental country, located mostly on Anatolia in Western Asia, and on East Thrace in Southeastern Europe. Turkey is bordered by eight countries, Bulgaria to the northwest; Greece to the west; Georgia to the northeast, Armenia, Iran and the Azerbaijani exclave of Nakhichevan to the east, and Iraq and Syria to the southeast. The Mediterranean Sea is to the south; the Aegean Sea is to the west, and the Black Sea is to the north. Turkey is a democratic, secular, unitary, constitutional republic with a diverse cultural heritage.

Turkey had population of 79.815 million in the year 2016 and expected to reach 84.596 million by 2022. Turkey's unemployment rate was 10.794% of total labor force.

Turkey's real gross domestic product (GDP) was TRY 1571.25 billions in 2016 whereas the nominal GDP was TRY 2590.52 billions. This resulted in GDP deflator 164.87. Per capita GDP was at USD 10742.70 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 24911.75.

In 2016, Turkey government's revenue was TRY 808.819 billions whereas the expenditure was TRY 867.358 billions. This resulted Turkish government's net lending / borrowing negative at TRY 58.539 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for Turkey was negative at USD 32.602 billions for the year 2016 and is expected to decline at a CAGR of 1.59% and reach USD 35.879 by 2022. This negative current account balance indicates the Turkey is a net borrower from the whole world.

Scope of Turkey PESTLE Analysis & Macroeconomic Trends
This report provides information about key macroeconomic indicators for Turkey.
This report provides PESTELE (political, economic, social, technological, environmental and legal) analysis for Turkey.

Spanning over 35 pages "Turkey PESTLE Analysis & Macroeconomic Trends Market Research Report" report covers Executive Summary, Turkey - Country Overview, PESTEL Analysis.

Please visit this link for more details: https://www.marketresearchreports.com/market-research-reports-inc/turkey-pestle-analysis-macroeconomic-trends-market-research-report

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