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Turkey Country Urbanisation and Economics Report

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Urbanisation
GDP
Investment
Demographics
Net Exports
Public Spending
Public Debt
IPO

Top News

HaaretzFrom Outcast to Broker: Erdogan's Turkey Reclaims Its Role in Gaza Diplomacy1 day ago

ReutersTurkey emerges as key player in Gaza ceasefire deal1 day ago

ReutersErdogan says Trump asked Turkey to convince Hamas to back Gaza plan2 days ago

The Jerusalem PostTurkey makes contact with Hamas groups holding hostages3 days ago

BBCTurkish celebrities questioned in drugs investigationMusic and TV stars are among those summoned for questioning and blood tests by Turkey's Narcotics Crimes Bureau..1 day ago

Balkan InsightKosovo Drone Delivery Sparks Tirade Against Turkey from Serbia’s VucicThe delivery of a shipment of “thousands” of military drones to Kosovo triggered a harsh reaction from Serbian President Aleksandar Vucic....1 day ago

Economic Data

Urbanisation Levels

Yieh Corp.EU & Turkey strengthen climate cooperation in high-level dialogueEuropean Commissioner for Climate, Net Zero and Clean Growth Wopke Hoekstra and Turkish Minister of Environment, Urbanisation and Climate Change Murat Kurum....3 days ago

EEASEU and Türkiye hold High-Level Dialogue on ClimateOn 1 October 2025, European Commissioner for Climate, Net Zero and Clean Growth Wopke Hoekstra and Turkish Minister of Environment,....1 week ago

ScienceDirect.comDeveloping a framework for a sustainable city index: A comprehensive approach to urban sustainabilityThis study aims to develop a Sustainable City Index to assess the sustainability performance of cities. In this context, Istanbul,....Jul 15, 2025

OSW Ośrodek Studiów WschodnichTurkey: a looming demographic crisisAfter many years of rapid population growth, Turkey's demographic future hangs in the balance. The record-low birth rate in 2023 and the....Aug 7, 2024

BrookingsBuilding sustainable cities with Turkey’s urbanization agendaIn his second post on Turkey's cities, Martin Raiser discusses how Turkey can address certain challenges that come with urbanization..Jun 9, 2015

NatureUrbanization and physical activity in the global Prospective Urban and Rural Epidemiology studyUrbanization may influence physical activity (PA) levels, although little evidence is available for low- and middle- income countries where....Jan 6, 2023

World BankUrbanization ReviewsThe World Bank's Urbanization Reviews offer a framework for city leaders to make tough decisions on development in their cities..Jun 22, 2018

Down To EarthAssessment of Lake Sapanca in Turkiye shows why monitoring waterbodies is key to conservationDiscover how monitoring Lake Sapanca in Turkey reveals the vital role of waterbody surveillance in conservation efforts..Feb 10, 2025

CEPRAgglomeration effects in a developing economy: Evidence from TurkeyWhile the productivity gains associated with large cities are well documented for developed countries, evidence for developing countries is....Jan 23, 2023

PreventionWeb.netClimate shifts and rising demand leave Turkey battling growing water stressPopulation growth, urbanisation, climate change and – critics say – poor water management all are straining Turkey's water supplies..May 10, 2021

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GDP

bne IntelliNewsISTANBUL BLOG: Turkey’s GDP data – believe it if you want toAccording to Turkey's central bank, the Turkish economy's output gap turned negative (the official GDP growth releases have fallen below....1 month ago

ING THINK economic and financial analysis | ING ThinkTurkish growth beats expectations amid resilient domestic demandTurkey's second-quarter GDP data reflected a notable pick-up in annual growth, largely supported by resilient domestic demand..1 month ago

FocusEconomicsEconomy rebounds in the fourth quarterEconomic activity bounced back in Q4, increasing 1.7% on a seasonally adjusted quarter-on-quarter basis following contractions of 0.1% in Q3 and 0.2% in Q2..Feb 28, 2025

ec.europa.euEconomic development in enlargement countriesTürkiye's economy is by far the largest among the enlargement countries. Its GDP at current market prices was €1.2 trillion in 2024, corresponding to 6.8%....1 month ago

Daily SabahTurkish economy beats estimates to grow by 4.8% in Q2 | Daily SabahTürkiye's economy grew faster than anticipated between April and June, extending its streak to 20 consecutive quarters of expansion,....1 month ago

StatistaTravel and tourism's total contribution to GDP in Turkey 2019-2023Travel and tourism's total contribution to GDP in Turkey 2019-2023 ... In 2023, travel and tourism in the country generated, directly and....1 month ago

Türkiye TodayTürkiye’s GDP growth rebounds in Q2 2025 by 4.8%, shrugging off global headwindsThe Turkish economy rebounds in the second quarter, overcoming earlier contraction despite tariff-driven trade turmoil, TurkStat reports..1 month ago

BenzingaTurkish GDP Outpaces Europe's Largest Economies As Growth Beats Q2 ForecastsSecond-quarter gross domestic product (GDP) increased by 4.8%, compared with a forecast of 3.8%, the Turkish Statistical Institute said on....1 month ago

Bloomberg.comTurkey’s Quarterly Growth Accelerates Despite Shock Rate HikeTurkey's economic growth remained resilient in the second quarter despite an emergency interest-rate hike by the central bank in March..1 month ago

ReutersTurkey's Q1 economic growth seen at 2.3%, full-year at 3% - Reuters pollTurkey's economy is expected to have grown by 2.3% in the first quarter and by 3% for 2025 as a whole, lower than government forecasts,....May 29, 2025

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Investment

Daily SabahBangladesh eyes new investment horizons as ties with Türkiye deepen | Daily SabahBangladesh is courting Turkish investors, highlighting its business-friendly climate and growing trade ties during a high-level visit..3 days ago

OECDTürkiye should maintain prudent macroeconomic policy to foster investment and growthTo ensure strong and sustainable growth, Türkiye should maintain credible and prudent monetary and fiscal policies, while implementing far-reaching structural....Apr 10, 2025

New Age BDTurkish companies urged to invest in BangladeshThe Bangladesh Investment Development Authority hosted an investment seminar in Istanbul titled 'Gateway to Growth: Invest in Bangladesh,'....1 day ago

Anadolu AjansıSomalia wants greater foreign investment as Turkish engagement boosts economic growthCome and experience Somalia culture. Come and experience Somalia economy. Most of the information out there about Somalia might not be true,'....2 weeks ago

IMI DailyTurkey Leads G20 Growth as Economy Booms and Attracts Global InvestorsTurkey Leads G20 Growth as Economy Booms and Attracts Global Investors. Turkey outpaced all G20 nations, registering 1.7% quarterly growth in....Mar 24, 2025

Türkiye TodaySomalia seeks more foreign investment as Turkish role drives economic growth'Most of the information out there about Somalia might not be true,' Somali agency's director appeals to investors..2 weeks ago

The Business StandardTurkish businesses engage with Bida at 'Gateway to Growth' investment seminar in IstanbulThe Bangladesh Investment Development Authority (Bida) yesterday (9 October) hosted an investment seminar in Istanbul titled 'Gateway to Growth: Invest in....23 hours ago

EBRDTürkiye’s economic transformation and growing investment potentialTürkiye has undergone a remarkable macroeconomic transformation via declining inflation, improved credit ratings and risk premiums, a robust fiscal outlook..May 14, 2025

Hotel Investment TodayTurkey becomes a hotbed of investments as big brands pursue growth“Turkey saw positive RevPAR growth for IHG in 2024 and remains one of our fastest-growing European markets, driven by rising demand in the....Mar 17, 2025

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Demographics

Türkiye TodayTürkiye's population growth stalls in 2025 H1 as aging acceleratesTürkiye's population rose to 85.82 million in the first half of 2025, increasing by only 90,456 since the start of the year, amid growing....1 month ago

Daily SabahBeyond politics: Urgent call to reverse Türkiye’s population decline | Daily SabahPresident Erdoğan warns of a deepening population crisis, calling low birth rates a threat to Türkiye's future..Apr 23, 2025

Turkish MinuteTurkey’s elderly population rises by 21 percent over 5 years: official dataThe number of people aged 65 and over in Turkey has increased by 20.7 percent over the past five years, surpassing 9 million in 2024, according to official....Mar 13, 2025

Duvar EnglishTurkey’s population increases by 300 thousand in one yearTurkey's official statistics institution reported that the country's population increased by 292567 in one year, becoming 85.6 million..Feb 7, 2025

StatistaTurkey largest provinces 2024In 2024, the major city of Istanbul had almost **** million inhabitants and was the province with the highest population in Turkey..1 month ago

Population MattersTurkey: Three-plus children for the economyAbortions and cesarean sections are secret plots designed to stall Turkey's economic growth and a conspiracy to wipe the Turkish nation from the world stage..Jan 27, 2025

NH Fish and Game DepartmentReport Wild Turkey Brood Sightings Online This SummerCONTACT:Dan Ellingwood: (603) 352-9669Andrew Timmins: (603) 271-2461June 2, 2025 Concord, NH – The New Hampshire Fish and Game Department is....Jun 2, 2025

Mass.govGobbling up the spotlight: The conservation comeback of wild turkeysWild turkeys have made a remarkable comeback through dedicated reintroduction efforts that began in the 1970s. Now thriving statewide, turkeys have become a....Nov 4, 2024

MeatEaterHow to Improve Habitat to Support Wild TurkeysIf you consider yourself a conservationist, you're probably familiar with two of the most cited comeback stories in American wildlife: the....Mar 26, 2025

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Export/Import

The Observatory of Economic ComplexityTurkey (TUR) Exports, Imports, and Trade PartnersIn 2023, Turkey was the number 18 (out of 195) economy in the world in terms of GDP ($1.12T current US$), the number 28 (out of 226) in....3 weeks ago

Travel And Tour WorldVietnam Boosts Halal Exports to Turkey, Strengthening Bilateral Trade and Tourism Growth with Halal-Friendly TravelVietnam enhances Halal exports to Turkey, fostering bilateral trade and tourism while promoting Halal-friendly travel and sustainable....4 days ago

IndexBoxTurkey Steel Trade 2025: Exports & Imports Growth Report - News and StatisticsAnalysis of Turkey's steel market performance in Jan-Aug 2025 showing significant growth in both exports and imports according to TCUD data..1 week ago

Türkiye TodayTürkiye’s export growth continues in March as Q1 total tops $65B: TurkStatTürkiye's exports increased by 3.4% year-over-year in March to $23.41 billion, while first-quarter figures rose by 2.5% to a total of $65.32....Apr 30, 2025

Hürriyet Daily NewsTürkiye sets all-time export record in July, says trade ministerTürkiye's Trade Minister Ömer Bolat on Saturday said the country achieved a record $25 billion worth of exports in July..Aug 3, 2025

TRT WorldErdogan hails 2024 as record year for exports, pledges continued growth in 2025Turkish President Erdogan thanks the medium-term economic program for increasing the country's structural resilience by reducing its....Jun 30, 2025

Defense NewsTurkey’s defense exports hit record high of $7.1 billion in 2024Turkey's defense exports totaled $7.1 billion in 2024, a significant increase from $5.5 billion in 2023, according to Haluk Görgün, president of the Defense....Feb 4, 2025

Arabian Gulf Business Insight | AGBITurkey’s economic rebound softened by soaring importsTurkey's 2025 trade balance got off to a bad start in January, with import growth outpacing exports growth by 5 percentage points, leaving a $7.5 billion trade....Feb 28, 2025

eKathimerini.comTurkey highlights defense industry growth, exports up 65%Haluk Gorgun, Turkish president of the Defense Industry Agency, highlighted the country's growing defense sector, with 3,500 companies employing....May 31, 2025

ING THINK economic and financial analysis | ING ThinkTurkish GDP beats expectations on strengthening domestic demandTurkey's GDP growth came in at 3.0% year-on-year for the fourth quarter of 2024, surpassing the market consensus of 2.6%..Feb 28, 2025

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Public Spending

Daily SabahTürkiye's budget posts record $59 billion deficit in 2024 | Daily SabahThe Turkish budget deficit surged to a record TL 2.11 trillion ($59 billion) in 2024, driven by high inflation and increases in spending..Jan 15, 2025

Turkish MinuteTurkey announces surprise tax hike to bolster budget, dampens lira demand: reportTurkey raised withholding taxes on lira-denominated deposits and mutual funds, tightening its grip on household savings as it seeks fresh....Jul 9, 2025

Türkiye TodayTürkiye’s budget deficit widens to $25B in 1st half 2025 as interest payments surge 93%Türkiye's central government posted a ₺980.5 billion ($24.36 billion) budget deficit in the first half of 2025, driven largely by a sharp....Jul 16, 2025

Bloomberg.comTurkey Surprise Tax Hike to Boost Budget, Risk Lira AppetiteTurkey raised withholding taxes on lira-denominated deposits and mutual funds, tightening its grip on household savings as it seeks fresh revenue to ease the....Jul 9, 2025

Anadolu AjansıTürkiye's budget posted surplus of $2.4B in AugustBudget revenues total $31.86B, while spending was $29.16B in August, according to Treasury and Finance Ministry data - Anadolu Ajansı..3 weeks ago

StatistaBudget balance in relation to GDP in Turkey from 2000 to 2030The budget balance in relation to the gross domestic product (GDP) in Turkey was estimated at about -5.20 percent in 2024..Jun 18, 2025

Daily SabahTürkiye's budget deficit nears $24.5 billion in H1 | Daily SabahTürkiye's central government budget recorded a deficit of TL 330.2 billion ($8.2 billion) in June, bringing the cumulative shortfall for the....Jul 16, 2025

Duvar EnglishTurkish government projects $61.7B budget deficit for 2024Duvar English. The Turkish Parliament on Dec. 9 began discussions on the 2025 Central Government Budget. All political parties represented....Dec 10, 2024

Hürriyet Daily NewsParliament approves 2025 budget after weeks of talksTurkish lawmakers granted approval over the weekend to the 2025 budget after weeks of deliberations, enacting legislation that projects expenditures of 14.7....Dec 22, 2024

Anadolu AjansıTürkiye's budget deficit narrows to $584M in July, down 75% year-on-yearCentral government budget revenues hit $26.6B, while expenditures totaled $27.4B, according to Treasury and Finance Ministry data - Anadolu....Aug 15, 2025

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Public Debt

The Wall Street JournalMoody’s Raises Turkey’s Sovereign-Debt RatingThe ratings agency said Friday it lifted the country's long-term foreign currency sovereign-credit ratings and local currency issuer ratings to....Jul 25, 2025

Turkish MinuteTurkey’s central government debt stock hits $268 billion: reportDomestic debt stood at 5.75 trillion lira ($149 billion), with external debt totaling 4.52 trillion lira ($118 billion). A breakdown by....Apr 22, 2025

ReutersIraq Kurdish oil exports yet to flow as two producers seek debt guaranteesPipeline oil exports from Iraq's Kurdistan region to Turkey had yet to restart on Tuesday despite hopes of a deal to end the deadlock,....2 weeks ago

Nordic MonitorTurkey forgives millions in debt for countries buying its weaponsTurkey is increasingly paying off or forgiving the debts of countries to which it sells weapons, including covering their obligations to....Jul 29, 2025

BloombergTurkey’s Zorlu to Tackle $4.9 Billion Debt With Cuts, SalesTakeaways by Bloomberg AI Hide ... One of Turkey's largest conglomerates is planning to sell assets and lay off staff to ease concern about its....May 20, 2025

MSNMoody’s Raises Turkey’s Sovereign-Debt RatingThe ratings agency said Friday it lifted the country's long-term foreign currency sovereign-credit ratings and local currency issuer ratings to Ba3 from B1, and....Jul 25, 2025

Zacks Investment ResearchAGI to Lower Debt Levels With Sale of Turkish Development ProjectsThe consensus estimate for Agnico Eagle Mines' 2025 earnings is pegged at $6.94 per share. The estimate indicates year-over-year growth of 64.1%....3 weeks ago

Türkiye TodayTürkiye’s external debt tops $527B in first quarter, accounting for 38.5% of GDPTürkiye's Treasury and Finance Ministry announced Monday that the country's gross external debt stock stood at $527.5 billion as of March 31....Jun 30, 2025

Yahoo FinanceTurkey Revives US Debt Purchases After Decade-Long Hiatus(Bloomberg) -- Turkey started buying US Treasuries for the first time in almost a decade, according to a person familiar with the matter,....Feb 11, 2025

Turkish MinuteMoody’s upgrades Turkey’s long-term debt ratingUS, Qatar, Turkey to join third day of Gaza peace talks in Egypt ... Moody's has raised Turkey's long-term debt rating one notch, from B1 to Ba3,....Jul 26, 2025

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Recent IPO News

Bloomberg.comTurkey Said to Weigh IPO Slowdown After Mixed Demand for DealsTurkey Said to Weigh IPO Slowdown After Mixed Demand for Deals ... Turkey is considering slowing down the pace of initial public offerings on....Feb 10, 2025

Daily SabahTürkiye's real estate certificate IPO raises $526M amid strong demand | Daily SabahTurkish real estate investment trust Emlak Konut has raised TL 21.41 billion ($525.8 million) through the initial public offering (IPO) of....Aug 11, 2025

MSNTurkey’s Ziraat Katilim bank prepares for IPOTurkey's state-owned Ziraat Katilim Bank said late on Wednesday it has applied to the Capital Markets Board as part of ongoing preparations for an initial....2 weeks ago

FinimizeTurkey’s Steady Markets Meet New Energy And Trade DealsWith stable assets, major IPO moves, and a fresh US LNG agreement, Turkey keeps business as usual while global markets catch their breath..2 weeks ago

Hürriyet Daily News34 companies go public last year, raising 60 bln Turkish LirasSome 34 initial public offerings (IPO) were launched in Türkiye last year, according to a new report by the UK-based professional services firm EY..Jan 10, 2025

MarketScreenerTurkey's Ziraat Katilim prepares for IPO, applies to regulatorTurkey's state-owned Ziraat Katilim Bank said late on Wednesday it has applied to the Capital Markets Board as part of ongoing preparations....2 weeks ago