TR Economy & Updates

Xenon54

Experienced member
Messages
1,784
Reactions
3 5,596
Nation of residence
Switzerland
Nation of origin
Turkey
But the food ,traffic fee,service very expensive
Still nothing compared to what Turks spend with their salary on those.
Imagine you spent more than 10% of your monthly income just for filling your car.
As for food, i thought the prices were quite reasonable for what you get in a high salary country.
 

Lool

Experienced member
Messages
2,007
Reactions
2 3,469
Nation of residence
Albania
Nation of origin
Albania
As for food, i thought the prices were quite reasonable for what you get in a high salary country.
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
 

Xenon54

Experienced member
Messages
1,784
Reactions
3 5,596
Nation of residence
Switzerland
Nation of origin
Turkey
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
Fruits are expensive due to scarce farmland being used for rice production hence these need to get imported.
Another aspect is japanese fruits are engineered to be luxury goods but its not like peoole can not afford food as you imply here.

My comparison is the GDP PPP list that implies Turkey and Japan are on similar level, no need to cherry pick single expensive items to make a point, life in Turkey is comparably much more expensive based on local salaries this is a fact.
 

Zafer

Experienced member
Messages
3,311
Reactions
1 5,483
Nation of residence
Turkey
Nation of origin
Turkey
I know of a family consisting of a Turkish man and a Japanese woman. They prefer to live in Türkiye for its economy conditions after they spent several years in Japan.
 

Avanti

Active member
Messages
45
Reactions
174
Nation of residence
Germany
Nation of origin
Turkey
Also don't think that people in Switzerland can afford 4 or 5 times as much as Turks. With 4000$ a month you are just surviving as a single person over there
 

Kedikesenfare

Committed member
Messages
259
Reactions
1 618
Nation of residence
Germany
Nation of origin
Turkey
Fruits are expensive due to scarce farmland being used for rice production hence these need to get imported.
Another aspect is japanese fruits are engineered to be luxury goods but its not like peoole can not afford food as you imply here.

My comparison is the GDP PPP list that implies Turkey and Japan are on similar level, no need to cherry pick single expensive items to make a point, life in Turkey is comparably much more expensive based on local salaries this is a fact.
Sorry but no, Japan is much more expensive than Turkey.
 

Kedikesenfare

Committed member
Messages
259
Reactions
1 618
Nation of residence
Germany
Nation of origin
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 2023, the average Japanese worker can't even afford an apartment half the size of the average Turkish flat built after the year 2005.

Japan has many, many advantages over Turkey but the cost of living ain't one.
 

Xenon54

Experienced member
Messages
1,784
Reactions
3 5,596
Nation of residence
Switzerland
Nation of origin
Turkey
Sorry but no, Japan is much more expensive than Turkey.
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''.

Sorry again, but we ain't living in the 70's, brother. Just because something is shiny, doesn't mean it's precious.

In 2023, the average Japanese worker can't even afford an apartment half the size of the average Turkish flat built after the year 2005.

Japan has many, many advantages over Turkey but the cost of living ain't one.
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.
Besides, tell me how an average earning Turk can afford real estate these days, the prices exploded in the last decade.


I know of a family consisting of a Turkish man and a Japanese woman. They prefer to live in Türkiye for its economy conditions after they spent several years in Japan.
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.
Maybe they accumulated a lot Yen that is like a fortune in Turkey nowso they can relax with the exchange rate...
 
Last edited:

Lool

Experienced member
Messages
2,007
Reactions
2 3,469
Nation of residence
Albania
Nation of origin
Albania
You guys cant really compare the standards of living of 2 different countries with different geographical implications and different ways of life

Japan and Turkey cant be compared but you can compare Turkey with nations like Egypt, Italy, Spain, and even the USA since their habitual acts, diets, amd lifestyles are closely related to each other but not japan
 

Xenon54

Experienced member
Messages
1,784
Reactions
3 5,596
Nation of residence
Switzerland
Nation of origin
Turkey
You guys cant really compare the standards of living of 2 different countries with different geographical implications and different ways of life

Japan and Turkey cant be compared but you can compare Turkey with nations like Egypt, Italy, Spain, and even the USA since their habitual acts, diets, amd lifestyles are closely related to each other but not japan
Actually economic comparison is possible, math is universal so i dont see why a comparison is supposed to be impossible.
Sure cultural factors also play a role but a comparsion of living standarts is very well possible.
 

Afif

Contributor
Messages
1,035
Reactions
1 1,173
Nation of residence
Bangladesh
Nation of origin
Bangladesh
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 Economics but i like to share my own opinion.

So, to the matter in hand, even on a individual 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 conversations.
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.
1674591220231.png

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 on this topic. However, according to this one

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 not 90% accurate ( and probably it is not ) still, i think that may somehwat help to explain, why average people in Turkey cannot afford what it seems they should afford, at the first glance at GDP figures.
 
Last edited:

Xenon54

Experienced member
Messages
1,784
Reactions
3 5,596
Nation of residence
Switzerland
Nation of origin
Turkey
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 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.
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.
You end up with either rich who have their income and wealth in stable currencies and investments and everybody else who are losing more and more of their assets due to inflation and currency fluctuations.

The signs are clear there was no reason to cherry pick stuff and drag the discussion further its ridiculous at this point, the fact that over 60% of Turkish youth wants to leave the country says everything.
Sugar coating the situation wont fix it, if anything it will just worsen...
 

B_ATAMAN

Committed member
Messages
188
Reactions
256
Nation of residence
Japan
Nation of origin
Turkey
I know of a family consisting of a Turkish man and a Japanese woman. They prefer to live in Türkiye for its economy conditions after they spent several years in Japan.

Me too
After graduated from a famous Japanese university and worked for 10 years that got permanent residence permit .

japan is decline and falling.

Turkiye had a hard time these 5 years but it will rise again
 

I_Love_F16

Contributor
Messages
473
Reactions
1 853
Nation of residence
France
Nation of origin
France
Me too
After graduated from a famous Japanese university and worked for 10 years that got permanent residence permit .

japan is decline and falling.

Turkiye had a hard time these 5 years but it will rise again

Yeah Turkiye will rise again … That’s why everybody wants to leave it.
 

Zafer

Experienced member
Messages
3,311
Reactions
1 5,483
Nation of residence
Turkey
Nation of origin
Turkey
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.

Population of Türkiye rose by 1.080.000 people last year and they all find a place in the education system. More and more people are educated in every field and they all have to compete to get to better places. This puts a stress on the youth but the situation will be remedied by taking a good portion of the youth from higher education and training them in occupational schools at high school level as the industry demands it. This will relax the search for opportunities abroad as more people will be assigned to the right occupations as time goes.
 
Last edited:
Top Bottom