Turkey has a strategic and very good geographical location and is considered a crossroads of Northwest Asia and Europe
Turkey (Istanbul Turkish: Türkiye) is the official name of the Republic of Turkey (Istanbul Turkish: Türkiye Cumhuriyeti), an independent and transcontinental country in Eurasia that is a large part of the country. That is, Anatolia or Asia Minor is located in northwestern Asia and the Middle East, and a small part called Thrace is located in the Balkans (a region in southeastern Europe).
Turkey to the east with Iran, Nakhchivan, Armenia, and Georgia; in the southeast with Iraq and Syria; it is bordered by Bulgaria and Greece in the northwest (European part). Turkey is bordered by the Black Sea to the north, the Marmara Sea and the Aegean to the west, and the Mediterranean Sea to the southwest. Turkey also has two strategic straits, the Bosphorus and the Dardanelles.
Turkey is 783,356 square kilometers (37th). Turkey is a mountainous and relatively rainy country. The shape of this country is like a rectangle that extends from east and west. Being located in one of the most sensitive regions of the world, Turkey has a strategic and very good geographical location and is considered a crossroads of Northwest Asia and Europe, and many countries, especially Iran, use Turkish territory for the transit of goods and energy. Turkey has a good climate and plains and has interesting and spectacular places, which is why a large number of tourists travel to this country every year.
The Turkish economy is a combination of indigenous and modern industries, which is expanding day by day. Turkey's large agricultural production ranked seventh in the world in 2005 and created employment for 11.2% of the Turkish population in 2006. The private sector of the Turkish economy is also strong and growing rapidly and plays an important role in banking, transport, and communications. In recent years, the Turkish economy has grown well, with the growth of 8.9% and 7.4% in 2004 and 2005, respectively.
Turkey ranks 13th in the world (purchasing power parity) and has the 19th largest GDP in the world. Turkey is also a founding member of the Organization for Economic Co-operation and Development (OECD) and is group 20. Turkey has also expanded and expanded into the automotive industry, producing more than 1.3 million vehicles in 2015 and ranking as the 14th largest automaker in the world.
Turkey built its first national car in 2019, designed by Pininfarina, and Recep Tayyip Erdogan called it a sign of the country's development. The country is advanced in shipbuilding and its products are exported to European countries. The country has been able to capture large parts of the European market. Turkish brands such as Beko and Vestel are among the largest manufacturers of consumer electronics and home appliances in Europe and invest heavily in research and development in new technologies related to their products.
Other important sectors of the Turkish economy include banking, construction, home appliances, electronics, clothing and textiles, petrochemicals, food, tourism, and the machinery industry. Turkish Food is continuously available in many European countries.
Turkish industry has modernized and expanded and has been able to target many countries in the Middle east in addition to European countries, so that along with European countries such as Germany, countries in the Middle East, including Iran and Iraq, have very high imports from Turkey.
Turkish industry has modernized and expanded and has been able to target many countries in the Middle East in addition to European countries, so that along with European countries such as Germany, countries in the Middle East, including Iran and Iraq, have very high imports from Turkey.