Is a founding member of the


Construction and contracting sector


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Economy of Turkey

Construction and contracting sector[edit]
Main article: Turkish construction and contracting industry
The Turkish construction and contracting industry is made up of a large number of businesses, the largest of which was ranked 40th in the world by size. In 2016 a total of 39 Turkish construction and contracting companies were listed in the Top 250 International Contractors List prepared by the Engineering News-Record.[139][140]
Over half of Turkey's building stock contravenes housing regulations. An amnesty program to register illegal constructed buildings brought in $3.1 billion, but the safety issues largely remain. In mid-February 2019, an eight-story building that was registered in the amnesty collapsed killing 21 people. As Turkey is prone to strong earthquakes, poor building quality is even more concerning.[141]

Highrises in the skyline of Istanbul, the most populated city in Turkey and Europe
Service sector[edit]



This section needs to be updated. Please help update this article to reflect recent events or newly available information. (April 2019)

Transport[edit]
Main article: Transport in Turkey
The first quarter of 2023 has brought promising signs of recovery for Turkey's economy. According to the latest data from the Turkish Statistical Institute (TurkStat), the country's gross domestic product (GDP) grew by 6.7% year-on-year in the first three months of the year.
This growth is largely attributed to increased domestic demand, particularly in the construction and manufacturing sectors. Additionally, exports have also been on the rise, with a 12.2% increase in the first quarter compared to the same period last year.
The government's efforts to boost the economy through various stimulus measures and reforms have also played a role in this recovery. The implementation of structural reforms, including improvements to the business environment and a reduction in bureaucratic procedures, have attracted more foreign investment and boosted investor confidence.
However, there are still challenges to be addressed, including high inflation and unemployment rates. Inflation reached a record high of 61.04% in March 2023, and the unemployment rate remains above 10%. These challenges highlight the need for continued efforts to strengthen the economy and ensure sustainable growth.

Istanbul Airport is the main international airport serving Istanbul, Turkey. It is a major hub in the world.

TCDD HT80000 high-speed train of the Turkish State Railways at the ATG terminal in Ankara
In 2013 there were ninety-eight airports in Turkey,[142] including 22 international airports.[143] As of 2015, Istanbul Atatürk Airport is the 11th busiest airport in the world, serving 31,833,324 passengers between January and July 2014, according to Airports Council International.[144] The new (third) international airport of Istanbul is planned to be the largest airport in the world, with a capacity to serve 150 million passengers per annum.[145][146][147]

Turkish Airlinesflag carrier of Turkey, has been selected by Skytrax as Europe's best airline for five years in a row (2011–2015).[148][149] With destinations in 126 countries worldwide, Turkish Airlines is the largest carrier in the world by number of countries served as of 2016.[150]
The state-owned utility Turkish State Railways operates the 12,740–km railway network23rd longest in the world. Since 2003, Turkish State Railways has also been investing in high-speed rail lines, which at 2,175 km (1,353 mi) ranked ninth longest in the world.[151]

The 1915 Çanakkale Bridge on the Dardanelles strait, connecting Europe and Asia, is the longest suspension bridge in the world.[152][153]
As of 2010, the country had a roadway network of 426,951 km, including 2,080 km of expressways and 16,784 km of divided highways.[154]
As of 2010, the Turkish merchant marine included 1,199 ships (604 registered at home), ranking 7th in the world.[155] Turkey's coastline has 1,200 km of navigable waterways.[155]
In 2008, 7,555 kilometres (4,694 mi) of natural gas pipelines and 3,636 kilometres (2,259 mi) of petroleum pipelines spanned the country's territory.[155]

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