Turkey the Republic of Turkey is a transcontinental country in Eurasia, mainly in Anatolia in Western Asia, with a smaller portion on the Balkan peninsula in Southeast Europe. Turkey is a democratic, secular, unitary, parliamentary republic with a diverse cultural heritage. Turkey is bordered by eight countries: Greece and Bulgaria to the northwest; Georgia to the northeast; Armenia, the Azerbaijani exclave of Nakhchivan and Iran to the east; Iraq and Syria to the south. The country is encircled by seas on three sides: the Aegean Sea is to the west, the Black Sea to the north, and the Mediterranean Sea to the south.
Turkey has a population of 79,814,871
Turkey is a parliamentary representative democracy. Since its foundation as a republic in 1923, Turkey has developed a strong tradition of secularism. Turkey’s constitution governs the legal framework of the country. It sets out the main principles of government and establishes Turkey as a unitary centralized state. The President of the Republic is the head of state and has a largely ceremonial role. The president is elected for a five-year term by direct elections and Tayyip Erdogan is the first president elected by direct voting.
Infrastructure and Economy
Turkey has the world’s 13th largest GDP by PPP and 18th largest nominal GDP. The country is among the founding members of the OECD and the G-20.
The EU – Turkey Customs Union in 1995 led to an extensive liberalization of tariff rates, and forms one of the most important pillars of Turkey’s foreign trade policy. Turkey’s exports were $143.5 billion in 2011 and reached $163 billion in 2012 (main export partners in 2012: Germany 8.6%, Iraq 7.1%, Iran 6.5%, UK 5.7%, UAE 5.4%). However, larger imports which amounted to $229 billion in 2012 threatened the balance of trade (main import partners in 2012: Russia 11.3%, Germany 9%, China 9%, US 6%, Italy 5.6%).
The country’s official language is Turkish.
Turkish lira ₺ (TRY)
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