BIS, CCC, CE, CERN (observer), COCOM, CSCE, EBRD, ECE, FAO, GATT,
IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IDB, IEA, IFAD, IFC, ILO, IMF, IMO,
INTELSAT, INTERPOL, IOC, IOM (observer), ISO, ITU, LORCS, NATO, NEA, OECD,
OIC, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIIMOG, UNRWA, UPU, WHO, WIPO,
WMO, WTO
Diplomatic representation:
Ambassador Nuzhet KANDEMIR; Chancery at 1606 23rd Street NW, Washington, DC;
20008; telephone (202) 387-3200; there are Turkish Consulates General in
Chicago, Houston, Los Angeles, and New York
US:
Ambassador Richard C. BARKLEY; Embassy at 110 Ataturk Boulevard, Ankara
(mailing address is PSC 88, Box 5000, Ankara, or APO AE 09823); telephone
[90] (4) 126 54 70; FAX [90] (4) 167-0057; there are US Consulates General
in Istanbul and Izmir, and a Consulate in Adana
Flag:
red with a vertical white crescent (the closed portion is toward the hoist
side) and white five-pointed star centered just outside the crescent opening
:Turkey Economy
Overview:
The impressive stream of benefits from the economic reforms that Turkey
launched in 1980 have begun to peter out. Although real growth in per capita
GDP averaged 5% annually between 1983 and 1988, recent economic performance
has fallen substantially. Moreover, inflation and interest rates remain
high, and a large budget deficit will continue to provide difficulties for a
country undergoing a substantial transformation from a centrally controlled
to a free market economy. Agriculture remains an important economic sector,
employing about half of the work force, accounting for 18% of GDP, and
contributing 19% to exports. The government has launched a
multibillion-dollar development program in the southeastern region, which
includes the building of a dozen dams on the Tigris and Euphrates Rivers to
generate electric power and irrigate large tracts of farmland. The planned
tapping of huge additional quantities of Euphrates water has raised serious
concern in the downstream riparian nations of Syria and Iraq. The Turkish
economy emerged from the Gulf War of early 1991 in stronger shape than
Ankara had expected. Although the negative effects of the crisis were felt
primarily in the politically sensitive southeast, aid pledges by the
coalition allies of more than $4 billion have helped offset the burden.
GDP:
purchasing power equivalent -
|