Turkish economy 16th biggest, Greece ranked 35, IMF report says

IMF said, the Turkish economy was the world's 16th biggest while the Greek economy ranked as the world's 35th biggest economy.

Turkish economy 16th biggest, Greece ranked 35, IMF report says

A report prepared by the International Monetary Fund (IMF) in April, 2010 said, based on their purchasing power, the Turkish economy was the world's 16th biggest while the Greek economy ranked as the world's 35th biggest economy.

According to the report, Turkey's gross domestic product (GDP) in 2010 is expected to be 710.7 billion USD while Greece's gross domestic product will be 325.8 billion USD.

The report indicated that income per capita in Turkey stood at 9,950 USD while in Greece the income per capita was 29,059 USD.

The report said that Turkey's population was 71 million while Greece's population was recorded as 11.2 million.

The inflation rate in Turkey in 2010 is expected to be 9.7 percent while in Greece the inflation rate this year is expected to be 1.9 percent, the report said.

In 2009, Turkey's exports to Greece were worth 1.6 billion USD. In the same year, Turkey's imports from Greece were worth 1.1 billion USD, the report also said.

Below is a table showing several variables for both countries in 2010:

                                 Turkey            Greece

     Population (million)         71.0              11.2

     GDP (billion USD)           710.7             325.8

     Income per capita (USD)    9950.0           29059.0

     Growth Rate (%)               5.2              -2.0

     Unemployment Rate (%)        14.5              12.1

     Inflation (%)                 9.7               1.9

     Budget Deficit (billion USD) 28.3              31.5

     Foreign Debt (billion USD)  271.1             581.7



Turkish Prime Minister Recep Tayyip Erdogan, 10 ministers and a very large group of Turkish businesspeople will be in Athens on Friday. Erdogan's visit to Greece is expected to boost commercial and economic relations.


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Last Mod: 14 Mayıs 2010, 12:59
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