Economic Status of Turkey
Agriculturally Strong
Due to the strength of the resource of land and its use agriculturally, capital is also a great strength in producing products such as “tobacco, cotton, grain, olives, sugar beets, hazelnuts, pulse, citrus and livestock” (www.cia.gov). These products are beneficial to meeting the needs of such a large population of 73.9 million people. Because the average person is only educated for eleven years, it is understandable why the agriculture labor force of 29.5% would make up almost one-third of the labor force.
Hydropower is also a great resource and strength of Turkey due to the Tigris River and Euphrates River headwaters beginning in Turkey. According to the CIA World Factbook, Turkey produces 181.9 billion kWh of electricity and uses 153.7 billion kWh, which leaves an approximate surplus of 28.2 billion kWh of electricity. They export 1.063 billion kWh and import 790 million kWh of electricity.
Turkey’s largest industry, which employs 24.7% of the 24.2 million people employed, “is textiles and clothing, which accounts for one-third of industrial employment” (www.cia.gov). The textiles and apparel are also make up a portion of the $111.1 billion in exports around the world. This high reliance on exports may be harmful to Turkey’s economy “in 2010 as the global economic slowdown continues to curb demand for Turkish exports” (www.cia.gov).
Hydropower is also a great resource and strength of Turkey due to the Tigris River and Euphrates River headwaters beginning in Turkey. According to the CIA World Factbook, Turkey produces 181.9 billion kWh of electricity and uses 153.7 billion kWh, which leaves an approximate surplus of 28.2 billion kWh of electricity. They export 1.063 billion kWh and import 790 million kWh of electricity.
Turkey’s largest industry, which employs 24.7% of the 24.2 million people employed, “is textiles and clothing, which accounts for one-third of industrial employment” (www.cia.gov). The textiles and apparel are also make up a portion of the $111.1 billion in exports around the world. This high reliance on exports may be harmful to Turkey’s economy “in 2010 as the global economic slowdown continues to curb demand for Turkish exports” (www.cia.gov).
