Written by Philippe Perchoc and Giulio Sabbati (both EPRS),
In cooperation with Caterina Francesca Guidi (from GlobalStat | EUI),
The EU is Turkey’s number one trading partner, and Turkey the EU’s fifth trading partner – and the only one with which the EU has concluded a custom union. Turkish growth remains strong (4% in 2015 against 2% for the EU), even if unemployment remains at a high level, around 9%. Nevertheless, Turkey’s economy is driven by exports and foreign investment, inflation remains strong (around 7%, while the euro area aims at 2%) and the Turkish lira remains volatile. In the framework of accession negotiations, the EU is assisting Turkey with reforms, to a total budget of €4 454 million (2014-2020). Our infographic, produced in close cooperation with GlobalStat, provides a quick and useful overview of Turkey’s main economic and trade data, as well as of the EU’s financial assistance.
Download this infographic on ‘Turkey: Economic indicators and trade with EU‘ in PDF.
GlobalStat, a EUI’s Robert Schuman Centre for Advanced Studies and the Francisco Manuel dos Santos Foundation project, aims to offer the best available gateway to statistical data. It is easily accessible, intuitive to use, and free of charge. In just three clicks it offers data from 1960 onwards for 193 UN countries, five continents and 12 political and regional entities – including the European Union – gathered from over 80 international sources. The project, presents data as diverse as income distribution, water resources, housing, migration, land use, food production, nutrition, or life expectancy, which contributes to a better understanding of the interrelations between human living conditions and globalisation trends.
Source Article from https://epthinktank.eu/2017/06/14/turkey-economic-indicators-and-trade-with-eu/