TR Economy & Updates

Strong AI

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Trillion dollar economy, but 3 usually biggest areas of spending get less than 8% of GDP. Our endemic issues continue with no end in sight. How do we even plan to increase military spending to 5%? Not like we can cut from education and health spending like others plan to.

View attachment 76381

Still low, but... (why don't they use 2023 for education?)

Education


Health

 

Yasar_TR

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Still low, but... (why don't they use 2023 for education?)

Education


Health

These TUIK graphs are no more than self satisfaction and self gratification graphs.
1 dollar was 2.86 TL in 2011
1 dollar was 29.00 TL in 2023.
Also dollar lost 43% of its own purchasing value during that time. So if you take 1/10th of the TL spending in 2023 multiply it with 0.43 ; you will find it has declined in real terms.

So money spent on health and education graphs in TL are irrelevant.

How much of your national wealth or income is spent on health and education is the valid criteria as per @Sanchez ’s post.
 
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Turkic

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How much of your national wealth or income is spent on health and education is the valid criteria as per @Sanchez ’s post.

Really? So US healthcare is better than ours? I don't think so. Turkish healthcare is in the top 5 of NATO with no doubt. And I won't argue if a countries healthcare is good or not if even their own people are afraid of calling an ambulance. Spending 16,5% of tens of trillions dollars doesn't make it good. I wonder in which NATO countries people are not afraid of the bill they will face for having chemotherapy.

There are a lot of criterias to be considered. For example, in Turkiye, average doctor salaries are half of the amount in these countries. And while a doctor in the UK sees 5-10 patients a day, our doctors see no less than 50. So they do 10 times the job they do and get half they get. Side note: we're expected to catch oecd average of doctors per 1000 in the next decade. It was 1,9 in 2018 and 2,3 now. (Oecd avg 3,7)

So, half the amount of doctors per 1000, half the salary= 1/4 of the cost of doctors to healthcare system. Same viable for nurses, dentists etc.

Lower costs of medical schools, lower costs of infrastructure, lower costs of building hospitals, producing meds at lower costs, everything is lower in terms of costs.

So it's not we're not paying enough attention to healthcare. We're doing better than most NATO countries do with that fancy amounts.

I have no commentation on education. Just healthcare.

How do we even plan to increase military spending to 5%?

1,5% of the 5% is allowed to be used in infrastructure and defence industry. So probably our military bases are going to be renewed till there's nothing left old and defence industry funds are going to be higher (good to build infrastructure to produce enough for Europe's future needs). There's 3,5% left which is not scary as 5% when you consider we already spend 2,1% (I know what 1,4% of gdp is. I mean it's not 2,9%.).
 

Yasar_TR

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Really? So US healthcare is better than ours?
Who says US healthcare is better than ours? %ge of GDP spent is the better criteria. That is all. Read before making untrue statements please.

Spending more doesn’t necessarily mean better.

Having said that although it is a very fragmented and layered unequally set up system, the US healthcare is technologically the best in the world, if you have the money and the right insurance policy, which serves the elite class more than the general public and the needy.

Turkish healthcare too, isn’t what it used to be 10-15 years ago. The patient contributions in private hospitals have spiralled out of control now. Also the Large city hospitals built to create funds for corrupt few, is far from serving the masses. The quality and quantity of doctors employed in state institutions have declined as they are head hunted by private hospitals or have gone abroad.
After care system is really bad in Turkish hospitals. Nursing profession is not supported and hence “refakatci” culture has become the norm instead of nurses taking care of patients.

A doctor in UK sees a great deal more patients than 5-10. Weight of initial health screening is given to GPs in UK. Yet In Turkey it is the Specialists that see patients initially.
There are positives and negatives of both systems. UK is having serious problems in its healthcare system too. Not enough doctors, too long waiting lists, too much waste of public funds etc. I still think Turkish healthcare is system is better than UK, especially if you have money. Because private medical care in UK is prohibitively expensive.
 

TheInsider

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There is serious state health system degeneration in Turkiye. Private facilities are good, but state hospitals are not good anymore, and it is getting increasingly worse. You need to wait for weeks to months, and sometimes in rare cases, a year, before you can get an MRI or ultrasound.
 

Sanchez

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1,5% of the 5% is allowed to be used in infrastructure and defence industry
How are we going to increase it to 3.5%? Two prongs here. One is meeting the goal, other is actually increasing capabilities. You can add in police budget and call it a "security" budget, but noone's buying that. The rate we are increasing capabilities is simply not enough. We have credit because our army is vast and our soldiers' lives are cheap. We can simply show our 500k army to anyone that asks, that's what we did in the last decade and how we circumvented Trump's 3.5% speeches in 2016, only commiting to 2.0 which we barely reach. But this doesn't mean capability re NATO and more importantly Erdogan now did publicly talk about increasing defence budget to 5%, unlike in 2016.

Per infrastructure on 1.5%, we failed to build that infrastructure in the last 15 years, only actual rail projects we have in the last decade are built using British credit lines. We simply don't have that kind of budget lying around.
 

Turkic

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Who says US healthcare is better than ours? %ge of GDP spent is the better criteria. That is all. Read before making untrue statements please.

Spending more doesn’t necessarily mean better.

If you meant it is a better criteria for comparing the amounts we'll have to spend for military. My bad. But you also didn't pay enough attention to @Strong AI 's post either. He just asked why didn't they use 2023 data instead of 2022. It had nothing to do with the question of which is a better criteria, TL or % of gdp.
We're all human right 🙂

Btw, your calculations are wrong. Dollar inflation is 35,5% in the meantime. Which puts the 2023 health budget 4 billion dollars above of 2011 when you calculate both TL and dollar inflation.

How are we going to increase it to 3.5%? Two prongs here. One is meeting the goal, other is actually increasing capabilities. You can add in police budget and call it a "security" budget, but noone's buying that. The rate we are increasing capabilities is simply not enough. We have credit because our army is vast and our soldiers' lives are cheap. We can simply show our 500k army to anyone that asks, that's what we did in the last decade and how we circumvented Trump's 3.5% speeches in 2016, only commiting to 2.0 which we barely reach. But this doesn't mean capability re NATO and more importantly Erdogan now did publicly talk about increasing defence budget to 5%, unlike in 2016.

Per infrastructure on 1.5%, we failed to build that infrastructure in the last 15 years, only actual rail projects we have in the last decade are built using British credit lines. We simply don't have that kind of budget lying around.

I don't know any either. My intent was to say not all of the 5% must be for military spending directly, in case you or anyone reading the thread didn't read the news in detail.
 

Yasar_TR

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But you also didn't pay enough attention to @Strong AI 's post either. He just asked why didn't they use 2023 data instead of 2022. It had nothing to do with the question of which is a better criteria, TL or % of gdp.
We're all human right 🙂
Actually I read it well. Also looked in to TUIK graphs in local currency expenditure which were given as an alternative. My point was to do with TUIK’s results being in TL over a ten year period not showing true %ge values.

Btw, your calculations are wrong. Dollar inflation is 35,5% in the meantime
I took google’s dollar inflation value compared with today’s. It gave it as 1.43 dollars. It should have been compared with 2023. I stand corrected. But it still doesn’t change the point I was making.
 

Zafer

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TUIK numbers are
4.3% for education
4.7% for health
in 2023, better than the year before.
 

Turkic

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Any plan to stopp this development?
$ 45 billion imports
$ 3.5 billion exports


Chery and BYD's investments in Turkiye also works for this. It won't make a huge difference but we're talking about big numbers when the topic is economy. The situation with China won't change unless electronics (phones and any other electronic device) are produced in home. Wish we had a (really) good phone company to compete.
 

Zafer

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Türkiye is in 12th position barely surpassed by Italy, 11th position is within reach in a couple of years considering past growth performance. While in Nominal GDP Türkiye ranks 16th going up by one compared to 2024. Note the 2.54x factor between PPP and nominal GDP. Charts prepared by Zafer.

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Zafer

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???
What does the graphic says?
It is the percentage of how much the Turkish economy is bigger and smaller compared to other countries. Italy is only 1.7% bigger and UK is 21.5% bigger while Mexico is 7.3% smaller. All based on the latest PPP GDP values provided by the IMF. While these numbers do not paint the whole picture it is the most telling single number that tells something. If you add 100 to these numbers you find the factor number by which the other country is as big as Türkiye's economy.

I can tell that Türkiye can possibly get to the 7th position in the next 10 years if things go well.
 
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