Still nothing compared to what Turks spend with their salary on those.
Food and many other commodities in Japan are so expensive that they cant afford it on a day-to-day basis
Fruits are expensive due to scarce farmland being used for rice production hence these need to get imported.Food and many other commodities in Japan are so expensive that they cant afford it on a day-to-day basis
Aside form a few commodities like fish, potatoes, and rice many other food items like grapes, chickens, and watermelons are bloody expensive that they eat such items on special occasions like Christmas, lool
Honestly, comparing Turkey and Japan is just dumb. Both countries are vastly different, with different geographical implications as well as economic problems. It is like comparing apples and oranges
Sorry but no, Japan is much more expensive than Turkey.
Japan might be more expensive but wages are higher as well.
Sorry again, but we ain't living in the 70's, brother. Just because something is shiny, doesn't mean it's precious.
In direct comparison yes but a japanese also earns 10 times the salary of an average Turk hence why i wrote ''based on local salaries''.
Regarding housing thats because you usually dont buy a second hand home, in Japan you build new which is naturally more expensive than a second hand.
Individual family situations dont prove your point either, maybe the man has a better job in Turkey than the woman in japan so they ofcourse have a better life in Turkey.
Actually economic comparison is possible, math is universal so i dont see why a comparison is supposed to be impossible.
www.duvarenglish.com
Turkish middle income class is being eradicated more and more, the high inflation basically equalized the salaries of people who earn minimum wage and those who should be earning more according to their education.It is near impossible to compare GDP against PPP on a macro level and get an accurate reading as @Nilgiri explained it very thoroughly.
Even though, i am not very good with economic but i like to share my opinion.
So, to the matter in hand, even on a personal level PPP does not do very much when you live in free market capitalist economy.
I mean, think about that, and this is true more or less across the developing nations, ( depending on the stage of development ) When we want to buy special clothing or a watch we barely choose anything local. same goes with electrical home appliances. if we have good enough money most of the time we go with world renowned brands like Apple, Samsung or something like.
And when it comes to buying cars well......this is the obvious one. If you can afford a BMW or Tesla you ain't looking back at anything else.
Only area PPP can be counted for somewhat fairly, when you buy an apartment or a house or rent one and in your daily meals.
Along with these you should also add THE VERY IMPORTANT FACT OF INCOME INEQUALITY which is usually overlooked in these conversation.
I was surprised to find out that, income inequality in Turkey is worse than even Bangladesh. this fact should be worrying considering Turkey is not a third world country and fairly advanced and modern nation.
View attachment 53017
World map of income inequality Gini coefficients by country. Based on World Bank data ranging from 1992 to 2020.
I understand, there are variety of conflicting articles about this topic. However, according to this one
Turkey's richest 10 percent takes more than half of national income
The latest World Inequality Report, released by the World Inequality Lab at the Paris School of Economics, found that the richest 10 percent of the Turkish population captures 54.5 percent of the total income while the bottom 50 percent takes a mere 12 percent.
Turkey's bottom 50% poor class possesses 4% of the total national wealth. On the other hand, the 40% middle class owns 29% of the total national wealth, whereas the 10% rich owns 67% of the national wealth.
So, even if this data is no 90% accurate ( and probably it is not ) still, i think that may help to explain, why average people in Turkey cannot afford what it seems they should afford, at the first glance at GDP figures.
Young people, students … Even those who are a bit older. Basically the future hope of the country.
There has always been people in any country who hope to find better opportunities for them to flourish in business and in life. They are people who think they will be better valued in some other land. Canadians now want to flee the country because of high cost of life. Americans go to countries like Thailand to live. Russians go abroad, so do Ukrainians. Looking at the big picture economy of Türkiye is in a period when global conjecture gives us an opportunity to flourish. Industrial production, construction works, agriculture and every other field of economy are being managed to maximize productivity and growth. Government make every move to vitalize the economy including unorthodox moves which seem to take hold. We have come out of a pandemic period and war in Ukraine came on top of it. Economies of the world have been shaken at various degrees but Türkiye has weathered the storm pretty well and the future looks brighter than ever. National oil and gas resources are being tapped into as well as other natural resources which comes as an added bonus to the economy which we lacked before. Reliance on national technology has reached 75-80 % on average and higher in some sectors. These are indications that a brighter future is in store for Türkiye. We will fight our way to prosperity and more and more people will find a place to realize their potential. Still there will be some who will feel out of place because of their sentimental affiliations but they will be few.
Russians because they can not go to the western countries and still Turkey is a better option from other countries.
