Heartbang
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Put (!) next to your remarks. Let us know you're being sarcastic, too.
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Sry i missed the memo that exclamation mark became the international sign for sarcasm, but maybe i can use this for you in the future.
Heartbang
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Its in the Turkish grammar rules. And the international community lacks such a sign.
Over 1 billion dollars loan from an 'international bank' with 'high reputation' that will not be named
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Its not named because of its reputation.
Zafer
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I've found this IMF GDP PPP estimates made on April 11. I scaled them by China on the fourth column and by Türkiye on the fifth column. I see that while Türkiye holds the 11th position now, 8th place is not very far away. I think we may see that in 5 years.
1 | 33,014,998 | 100.0 | 924.1 | |
2 | 26,854,599 | 81.3 | 751.7 | |
3 | 13,033,443 | 39.5 | 364.8 | |
4 | 6,456,527 | 19.6 | 180.7 | |
5 | 5,545,656 | 16.8 | 155.2 | |
6 | 4,988,829 | 15.1 | 139.6 | |
7 | 4,398,729 | 13.3 | 123.1 | |
8 | 4,020,381 | 12.2 | 112.5 | |
9 | 3,872,729 | 11.7 | 108.4 | |
10 | 3,846,931 | 11.7 | 107.7 | |
11 | 3,572,551 | 10.8 | 100.0 | |
12 | 3,195,548 | 9.7 | 89.4 | |
13 | 3,125,902 | 9.5 | 87.5 | |
14 | 2,924,038 | 8.9 | 81.8 | |
15 | 2,385,124 | 7.2 | 66.8 | |
16 | 2,363,535 | 7.2 | 66.2 | |
17 | 2,300,967 | 7.0 | 64.4 | |
18 | 1,803,584 | 5.5 | 50.5 | |
19 | 1,718,097 | 5.2 | 48.1 | |
20 | 1,710,399 | 5.2 | 47.9 | |
21 | 1,705,282 | 5.2 | 47.7 | |
22 | Iran | 1,691,819 | 5.1 | 47.4 |
23 | 1,591,402 | 4.8 | 44.5 | |
24 | 1,582,988 | 4.8 | 44.3 | |
25 | 1,475,164 | 4.5 | 41.3 | |
26 | 1,450,805 | 4.4 | 40.6 | |
27 | 1,372,624 | 4.2 | 38.4 | |
28 | 1,290,947 | 3.9 | 36.1 | |
29 | 1,289,281 | 3.9 | 36.1 | |
30 | 1,274,807 | 3.9 | 35.7 | |
31 | 1,230,823 | 3.7 | 34.5 | |
32 | 1,014,978 | 3.1 | 28.4 | |
33 | 990,030 | 3.0 | 27.7 | |
34 | 890,171 | 2.7 | 24.9 | |
35 | 783,903 | 2.4 | 21.9 | |
36 | 774,472 | 2.3 | 21.7 | |
37 | 766,025 | 2.3 | 21.4 | |
38 | 757,726 | 2.3 | 21.2 | |
39 | 752,831 | 2.3 | 21.1 | |
40 | 712,023 | 2.2 | 19.9 | |
41 | 652,597 | 2.0 | 18.3 | |
42 | 630,387 | 1.9 | 17.6 | |
43 | 452,996 | 1.4 | 12.7 | |
44 | 620,971 | 1.9 | 17.4 | |
45 | 595,599 | 1.8 | 16.7 | |
46 | 444,194 | 1.3 | 12.4 | |
47 | Iraq | 560,307 | 1.7 | 15.7 |
48 | Peru | 556,680 | 1.7 | 15.6 |
49 | 544,735 | 1.6 | 15.2 | |
50 | 536,906 | 1.6 | 15.0 | |
51 | 533,992 | 1.6 | 14.9 | |
52 | 460,130 | 1.4 | 12.9 | |
53 | 432,489 | 1.3 | 12.1 | |
54 | 426,941 | 1.3 | 12.0 | |
55 | 418,113 | 1.3 | 11.7 |
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Turkiye will most likely overtake UK and France within the next 2-3 years. Turkiye's 2023 growth was adjusted upwards to 4.2%, while France and UK are standing still if not shrinking.
Heartbang
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That will be the time that the Greeks will make a move, at the "suggestion" of their fellow advisers(!).
B_A
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If we stable the lira and stop the current account deficit.
Turkey will be a developed countries in short period.
In many terms UK and Italy and spain not better than us.
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Tbh no. GDP PPP does not mean much for a country the size of Turkiye which is very dependent on energy imports and imports of high tech goods.
Turkiye's GDP nominal is still way to small to be a threat to Europeans powers.
B_A
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Because the unstable of lira I think the real Turkish Gdp per capita is a average of PPP and nominal
That s about 18000-22000 usd
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PPP! Standards of livings is just illusion .
You cannot import fighters , weapons,energy or raw materials by PPP!
You can not Export your products by PPP.
What Is Purchasing Power Parity (PPP), and How Is It Calculated?
Purchasing power parity (PPP) compares economic growth and standards of living in different countries with a common currency/basket of goods approach.
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What is a more useful measure to judge a nation's economy: GDP (nominal) or GDP (PPP) :
Well, it depends on the situation and what you are trying to measure:
But its economy is on a knife edge due to geopolitical situation it is in and mis management of its finances.
Turkey is also a country where there is a huge black economy. By some sources it is as much as a third -if not more- of the registered economy it self. That is another 1.5trillion dollars in PPP terms.
Black economy is a valid entity even in well regulated countries too. But in countries like Turkey it is rife.
A point that is important to know is the fact that Purchasing Power Parity is calculated by the data given by the countries’ economic offices. This can be manipulated easily and quite often may not reflect the real situation.
Well, it depends on the situation and what you are trying to measure:
- For year-over-year growth comparisons, always go with PPP.
- For countries where economic activity is mostly domestic (e.g. China and India), PPP is the way to go when you are comparing relative size.
- For countries like Turkey whose economies heavily rely on imports and exports of goods and intermediate products, nominal might be a better measure.
But its economy is on a knife edge due to geopolitical situation it is in and mis management of its finances.
Turkey is also a country where there is a huge black economy. By some sources it is as much as a third -if not more- of the registered economy it self. That is another 1.5trillion dollars in PPP terms.
Black economy is a valid entity even in well regulated countries too. But in countries like Turkey it is rife.
A point that is important to know is the fact that Purchasing Power Parity is calculated by the data given by the countries’ economic offices. This can be manipulated easily and quite often may not reflect the real situation.
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B_A
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I prepared a table of Turkiye's GDP in 5 years intervals with the ranking and the population of the country. We reached the peak in 2013 with 16th place and it continued for two more years. Thereafter, it's downhill. And that is while continually growing in population.
(1970 and 1975 is from UN, the rest is from IMF data)
(1970 and 1975 is from UN, the rest is from IMF data)
| YEAR | GDP(Nominal $ bn) | World Ranking | Population(millions) |
|---|---|---|---|
| 1970 | 24.4 | 20 | 34.7 |
| 1975 | 62.7 | 18( ↑2 ) | 39.1(+4.4mil) |
| 1980 | 96.6 | 21( ↓3 ) | 43.9(+4.8mil) |
| 1985 | 92.8 | 22( ↓1 ) | 49.2(+5.3mil) |
| 1990 | 207.5 | 19( ↑3 ) | 54(+4.8mil) |
| 1995 | 233.6 | 24( ↓5 ) | 58.5(+4.5mil) |
| 2000 | 274.3 | 21( ↑3 ) | 63.2(+4.7mil) |
| 2005 | 506 | 17( ↑4 ) | 67.7(+4.5mil) |
| 2010 | 776.6 | 17 | 72.1(+4.4mil) |
| 2015 | 864 | 16( ↑1 ) | 77.7(+5.6mil) |
| 2020 | 720 | 20( ↓4 ) | 83.6(+5.9mil) |
| 2022 | 905.5 | 19( ↑1 ) | 85.3(+1.7mil) |
