TR Economy & Updates

[Zafer]

Nominal GDP is effected by exchange rate fluctuations and can change alot while PPP shows what your money can buy from the local production. Most of human necessities are sourced from the local market in Türkiye so PPP is a better indicator of how people get along.

But we also want to know what disposable income the country has which shows what the government can afford. Like if we can pay for fighter jets that we want to buy from abroad. Like for Eurofighters or F16 Fighting falcons. I think nobody doubts we can pay for the planes, right or anything else we want to buy for that matter.

 

[UkroTurk]

After CHP zihniyeti and right wing parties.

In the 1968 Türkiye was the 18th largest economy in the world and it has the 20 largest population in the world.

Today:???

What has been changed so far?

17th largest economy with 17th largest population.

 

[B_A]

Please remember when we were 15-17th biggest economy in the world for instance 15-20 years ago population of Türkiye was how many million people?

"increasing population while dropping in the list" is not a success.

For instance a country ( which had 100 million population)20 years ago was 10th on the world GDP list. Then the country today has 80 million but still in the 10th place. Here is the success.

We were 13-15 economy in the history with much less people, but today we are 17the economy with the 88million. Where is the progress? So we can't use human resources effectively. Quality of Turkish economy decreasing.

That's because some countries (Mexico Indonesia etc)had much more population growth than us.

And some Asian countries like Korean much more success than us in economy.

 

[B_A]

After CHP zihniyeti and right wing parties.
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In the 1968 Türkiye was the 18th largest economy in the world and it has the 20 largest population in the world.

Today:???

What has been changed so far?

17th largest economy with 17th largest population.

There are Russia China(you must know these two didn't count GDP in communist age)

Indonesia Mexico (this two population growth more than us)

And Korean (everyone know)

So we are in 17-20

 

[Deliorman]

Nominal GDP is effected by exchange rate fluctuations and can change alot while PPP shows what your money can buy from the local production. Most of human necessities are sourced from the local market in Türkiye so PPP is a better indicator of how people get along.

But we also want to know what disposable income the country has which shows what the government can afford. Like if we can pay for fighter jets that we want to buy from abroad. Like for Eurofighters or F16 Fighting falcons. I think nobody doubts we can pay for the planes, right or anything else we want to buy for that matter.

What about the 360$ billion of imports and 106$ billion trade deficit you made last year? Do you import stuff with Turkish Liras too or the foreigners you buy from want to receive real hard currency (USDs and Euros) instead? Don't know what do you mean by "human necessities" but it looks like much of those in Turkey are covered by imports and not by local production.

The TL is losing value against absolutely every currency in the world.

 

[Zafer]

much of those in Turkey are covered by imports and not by local production

Food, clothing, houseing, education, health, things people need for living. Türkiye provides all of these locally for the most part. We also make money from foreign tourists and foreing construction work and receive money transfer from expats. There is like 2.6x parity between Nominal and PPP GDP because Türkiye can provide locally. If many things were imported we would have like 1x parity. Now we have added to this local production of defence industry which used to bleed us badly in the past and we were not getting return on money spent. Numbers alone do not mean much but the fact that the government has won 17 elections so far means things are going well. And things are expected to go better in the future.

 

[Bozan]

Pension value =

Minimum wage has caught up to the salaries of engineers and skilled workers. Companies cannot afford to raise wages fast enough.

Under the AKP the number of workers in unions has dropped by a large percentage as the AKP has consistently sided with the economic elite in the country, where almost all wealth in the country is now concentrated.

 

[Bozan]

The elections are not fair. Erdogan uses state funds to provide handouts for votes being an example.

Food, clothing, houseing, education, health, things people need for living. Türkiye provides all of these locally for the most part. We also make money from foreign tourists and foreing construction work and receive money transfer from expats. There is like 2.6x parity between Nominal and PPP GDP because Türkiye can provide locally. If many things were imported we would have like 1x parity. Now we have added to this local production of defence industry which used to bleed us badly in the past and we were not getting return on money spent. Numbers alone do not mean much but the fact that the government has won 17 elections so far means things are going well. And things are expected to go better in the future.

 

[Zafer]

The elections are not fair. Erdogan uses state funds to provide handouts for votes being an example.

Istanbul municipal governor handed out Istanbulites' money to so called students which turned out to be non students. And it wasn't even his job to do so. It is the job of a social govenment to support its less fortunate citizens which is a good thing. But they are not so many nowadays so there is not really any easy source of voters.

 

[Bozan]

Istanbul municipal governor handed out Istanbulites' money to so called students which turned out to be non students. And it wasn't even his job to do so. It is the job of a social govenment to support its less fortunate citizens which is a good thing. But they are not so many nowadays so there is not really any easy source of voters.

I am against all handing out of money when it occurs during election times.

It is not just money. Opposition candidates did not get nearly as much airtime as Erdogan did.

Erdogan uses state resources to campaign, which puts all opposition at a disadvantage. He has the ministry of communication support his campaign as well. We saw a nice propaganda video of "PKK supporting Kilicdaroglu", who was supposedly going to have Ozdag as interior minister.

 

[Zafer]

Erdoğan is more popular, people care to hear what he wants to say. I wonder what the opposition have to say when they are given more time. They probably will not even ask for more time. No achievements, no nothing to show off with. Sucks to be the opposition.

 

[B_A]

If we talk about the elections.

Our posts will be deleted again.

 

[Huelague]

Whats our tourism revenue, gold import and FDI in 2023?

 

[B_A]

Whats our tourism revenue, gold import and FDI in 2023?

Still need 1-2month time for final result but almost like this:


Türkiye is on course to meet the tourism revenue target set for 2023 despite the challenges in its region, Vice President Cevdet Yılmaz said last week.

“Our tourism revenues amounted to $42 billion in the first nine months of the year. We are moving toward meeting the target of generating $55.6 billion in tourism revenues this year as foreseen in the medium-term program,” Yılmaz said, speaking at a trade fair.

More than 44 million foreign tourists visit Türkiye - Latest News

Foreign tourist arrivals increased by 11.6 percent in the January-October period from a year ago to 44.2 million, the Culture and Tourism Ministry has said.

www.hurriyetdailynews.com

 

[Huelague]

Our health tourism from abroad is part of which economic sector? Tourism revenue?

 

[B_A]

Our health tourism from abroad is part of which economic sector? Tourism revenue?

The service sector.

And they had a Equations to estimate the consumption of foreigners but cant be 100% sure,only a estimate.

Because no one know if your are a tourist when you buy a durum.

 

[Zafer]

https://twitter.com/i/web/status/1742962517138161832

Defence industry exports champion Baykar sell more than twice the second place holder.

 

[B_A]

Türkiye continues to move steadily toward its tourism goals and starting this year, it plans to take firm steps toward an ultimate revenue goal of $100 billion (TL 2.98 trillion), a senior official said Saturday.

Culture and Tourism Minister Mehmet Nuri Ersoy stated that despite various global instabilities, negative developments in the surrounding areas, wars and last year's devastating earthquakes, dubbed as "disaster of century," Türkiye continues to progress steadily toward its tourism goals.

Türkiye sets sights on $100B revenue in thriving tourism sector

Türkiye continues to move steadily toward its tourism goals and starting this year, it plans to take firm steps toward an ultimate revenue goal of $100...

www.dailysabah.com

 

[Huelague]

Türkiye continues to move steadily toward its tourism goals and starting this year, it plans to take firm steps toward an ultimate revenue goal of $100 billion (TL 2.98 trillion), a senior official said Saturday.

In which period?

 

[B_A]

In which period?

"Starting from this year, we are taking firm steps toward our ultimate goal of $100 billion in tourism by breaking records and increasing the number of visitors and income every year."

Tourism revenue climbed 53.4% to a record high of nearly $46.3 billion in 2022 as the lingering effects of the pandemic dissipated and Russian arrivals skyrocketed after Moscow invaded Ukraine on Feb. 24. Income rose over 20% from a year earlier to $42 billion in first nine months of 2023.


I guess in one year,maybe 2025 or 2026,that s just a target.