Turkey

Turkey has a large, diversified, upper-middle-income economy straddling Europe and Asia, with a strong industrial base and a major role in regional trade, though it has been plagued by extreme inflation and currency turmoil in recent years.

Unorthodox economic policies fueled a cost-of-living crisis and a plunging lira, even as Turkey's manufacturing, construction, and exports remain substantial and it positions itself as a manufacturing alternative for Western firms.

Key Sectors

Key sectors include automotive and machinery, textiles and clothing, steel, electronics and appliances, construction, agriculture, and a large tourism industry.