Macro-economic trends of Turkey

Turkey has the world's 15th largest GDP-PPP[7] and 17th largest Nominal GDP.[8] Turkey is a founding member of the OECD (1961) and the G-20 major economies (1999). Since December 31, 1995, Turkey is also a part of the EU Customs Union.

The CIA classifies Turkey as a developed country.[9] Turkey is often classified as a newly industrialized country by economists and political scientists;[10][11][12] while Merrill Lynch, the World Bank and The Economist magazine describe Turkey as an emerging market economy.[13][14][15]

The World Bank classifies Turkey as an upper-middle income country in terms of the country's per capita GDP in 2007.[15] According to a survey by Forbes magazine, Istanbul, Turkey's financial capital, had a total of 35 billionaires as of March 2008 (up from 25 in 2007), ranking 4th in the world behind Moscow (74 billionaires), New York City (71 billionaires) and London (36 billionaires), while ranking above Hong Kong (30 billionaires), Los Angeles (24 billionaires), Mumbai (20 billionaires), San Francisco (19 billionaires), Dallas (15 billionaires) and Tokyo (15 billionaires).[16] Etiketler: economic, economic trends of turkey, macro, macro economic trends of turkey, turkish economic trends