Tag Archives: Türkiye ortadoğu

Economy of the Middle East and Turkey

Turkey has the world’s 15th largest GDP-PPP. and 15th largest Nominal GDP. The country is a founding member of the OECD (1961) and the G-20 major economies (1999). Turkey has been part of the EU Customs Union since 31 December 1995. Turkey is often classified as a newly industrialized country by economists and political scientists;[ while Merrill Lynch, the World Bank and The Economist magazine describe Turkey as an emerging market economy. Turkey is restructuring its economy in an attempt