use of these problems,
foreign direct investment in Turkey remains low - less than $1
billion annually. Prospects for the future are improving, however,
because the ECEVIT government since June 1999 has been implementing
an IMF-backed reform program, including a tighter budget, social
security reform, banking reorganization, and accelerated
privatization. As a result, the fiscal situation is greatly improved
and inflation has dropped below 40% - the lowest rate since 1987.
The country experienced a financial crisis in late 2000, including
sharp drops in the stock market and foreign exchange reserves, but
is recovering rapidly, thanks to additional IMF support and the
government's commitment to a specific timetable of economic reforms.

GDP: purchasing power parity - $444 billion (2000 est.)

GDP - real growth rate: 6% (2000 est.)

GDP - per capita: purchasing power parity - $6,800 (2000 est.)

GDP - composition by sector: agriculture: 15%

industry: 29%

services: 56% (1999)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%:
2.3%

highest 10%: 32.3% (1994)

Inflation rate (consumer prices): 39% (2000 est.)

Labor force: 23 million (2000 est.)

note: about 1.2 million Turks work abroad (1999)

Labor force - by occupation: agriculture 38%, services 38%, industry
24% (2000)

Unemployment rate: 5.6% (plus underemployment of 5.6%) (2000 est.)

Budget: revenues: $54.5 billion

expenditures: $75.2 billion, including capital expenditures of $3.3
billion (2000)

Industries: textiles, food processing, autos, mining (coal,
chromite, copper, boron), steel, petroleum, construction, lumber,
paper

Industrial production growth rate: 6.2% (2000 est.)

Electricity - production: 125.3 billion kWh (2000 est.)

Electricity - production by source: fossil fuel: 71%

hydro: 29%

nuclear: 0%

other: 0% (2000 est.)

Electricity - consumption: 119.5 billion kWh (2000 est.)

Electricity - exports: 350 million kWh (2000 est.)

Electricity - imports: 3.35 billion kWh (2000 est.)

Agriculture - products: tobacco, cotton, grain, olives, sugar beets,
pulse, citrus; livestock

Exports: $26.9 billion (f.o.b., 2000 est.)

Exports - commodities: apparel 25.6%, foodstuffs 15.4%, textiles
12.3%, metal manufactures 8.6%, transport equipment 8.1% (1998)

Exports - partners: Germany 18.7%, US 11.4%, UK 7.4%, Italy 6.3%,
France 6.0% (2000 est.)

Imports: $5