The country's economy ranked as the 17th-largest in the world and 7th-largest in Europe by nominal GDP in 2023. It also ranked as the 11th-largest in the world and 5th-largest in Europe by PPP in 2023. According to the IMF, as of 2022, Turkey had an upper-middle income, mixed-market, emerging economy.
Based on GDP per capita the UK is the 19th richest economy with an average of 1.5% per capita growth over five years. Turkey is the 49th richest economy based on GDP per capita. Turkey had an average of 4.3% GDP per capita growth over five years.
Nearly one-third of Turkey's population is currently at risk of poverty or social exclusion, according to a recent report published by the Turkish Statistical Insitute.
The answer regarding the materialistic aspect of the answer is of course Turkey, bigger GDP, bigger area, more citizens, with only a few exceptions like islands and EEZ area, were Greece prevails.
1. Burundi. Burundi consistently ranks among the poorest countries globally. Economic instability, political unrest, and reliance on subsistence agriculture contribute to its economic struggles.
Worldwide gross domestic product in 2022 was at about 12,703 USD per capita. GDP in Turkey, on the other hand, reached USD 10,675 per capita, or 907.12 billion USD for the whole country. Turkey is therefore currently ranked 20 of the major economies. Inflation in Turkey in 2022 was around 72.31%.
Türkiye's economy grew by 5.6% in 2022, from 11.4% the previous year, as exports, investment, and manufacturing activity lost momentum. However, private consumption remained robust, expanding 19.6% in 2022. Value-added growth was led by the services sector (up 9.7%) and industry (up 3.3%).
Luxembourg is the wealthiest country in the European Union, per capita, and its citizens enjoy a high standard of living. It is a major center for large private banking, and its finance sector is the biggest contributor to its economy.
It depends on where you're travelling to but most regions in Turkey are safe and tourist-friendly. However, the Foreign Office currently advises against all travel to within 10km of the border with Syria, and all but essential travel to the Sirnak and Hakkari provinces.
Turkey is considered one of the best countries to live in for numerous terms. These are generally based on the tourism category due to the rich history and unique geographical characteristics of the country. But the main characteristic of Turkey was planned as a secular, democratic, and modern country, by the founders.
Average monthly salary ranges in Turkey from 8,506 TRY (452 USD), the lowest average, to 357,705 TRY (18,800 USD), the highest average. Actual amounts for a person's highest salary can be greater than the highest average pay, while the minimum salary can be less than the lowest average pay.
Both countries currently maintain relations via the British Embassy in Ankara and the Turkish Embassy in London. Turkey and the United Kingdom maintain very good bilateral relations. The President of Turkey Cevdet Sunay paid a state visit to the United Kingdom in November 1967.
For a holidaymaker coming from the UK, Turkey is much cheaper than home. This applies to everything from hotels to cafes and restaurants and even clothes, shoes and souvenirs. Combined with the current rate of exchange, your pounds will go a long way!
Additionally, the cost of living in Turkey is generally lower than in other countries, making it cheaper for tourists to purchase goods and services. Finally, the exchange rate between the Turkish lira and other currencies often favors tourists, meaning that they can get more value for their money.
In early 2022, what would become the largest bird flu outbreak in U.S. history started infecting wild and commercial flocks. Since then, it's killed more than 60 million birds, and those shrinking supplies drove sharp increases in poultry and egg prices.
According to the most accurate statistics between all ''developing issues'' is the HDI (Human Development Index) ranking, which states Turkey is one of the ''very high human development'' countries in the world. The CIA world factbook, again, states it as a ''developed country''.
1. Bebek district in Istanbul. Bebek is one of the wealthy neighborhoods in Istanbul, and it bears the historical character par excellence. It is also considered an unlimited luxury and sophistication, as this is represented in every aspect of it, and thus it is the preserve of those with high budgets.
Turkey now boasts more than 100,000 millionaires making it the Middle East's top country for the wealthy, according to an expert on high net worth individuals.
Turkey is a breathtaking place for people who wish to see stunning architecture and empires. The mesmerising beauty, mouth-watering delicacies, and vibrant and rich culture here attract people from all around the globe. Turkey is a must-visit place, but it is a large country with so many things to offer.
Sounds downright crazy right? That is because in this case the level of poverty has been deciphered on account of the amount of debt he has, and it's huge. The mantle of the poorest man on earth has been given to French citizen Jerome Kerviel. One of the biggest banks in Europe, Société Générale, once employed Kerviel.
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%).
