Turkey to walk away the strongest economic giants soon

Turkish economic indicators continue to grow exponentially. English bank HSBC has made a report stating that in 2050 Turkey will rise to the 12th line of the strongest countries in the world. According to experts, the republic is going ahead in huge stride and will soon walk away the strongest economic giants, such as South Korea, Argentina, the Netherlands, Sweden and other countries.

HSBC has estimated the development of countries under several indicators: the percentage of the working population in the country, the unemployment rate, population growth and the average age of able-bodied citizens. According to the recent data, Turkey is meeting rise in births today, and consequently, the number of “labour hands” will increase in the future. This means that the country will significantly increase its economic power by 2050.

Growth of income per head is also clearly visible. HSBC predicts an average income increase of 4 percent per decade.

According to English economists, Turkey is a very strong country. And in the long run the republic will definitely rise.

19.09.2016

May be interesting

News

Four seasons of Antalya, Turkey's tourism paradise

Organized by the Antalya Governorate and Anadolu Agency (AA), Antalya's history, culture, beaches and nature will be featured, shedding light on Turkey's tourism capital under the auspices of a new project.

Caretta carettas start spawning on Turkey’s İztuzu beach

Endangered caretta carettas have started spawning on İztuzu beach in the western province of Muğla’s Ortaca district.

Important news

All news

Life in Turkey

Possible reopening of previously closed areas in Alanya for residence permits.

The Turkish Statistical Institute (TÜİK) has sent an official request to the Directorate General of Migration Management to obtain up-to-date information about the closed areas in Alanya.

Gold is breaking records again: the price per ounce has reached $3500.

On April 22, 2025, the price of gold on the global market reached a new historical high of $3500 per ounce. This marked a clear signal amid growing anxiety in the global economy and increased demand for safe-haven assets.

New Airport Terminals Opened in Antalya: Capacity Doubled!

These changes are aimed at enhancing service quality and meeting the growing number of tourists and international flights, especially during the summer season.

Forbes Publishes Updated List of the World's Richest People: Elon Musk Tops the Rankings Again

Forbes magazine has released its new list of billionaires, with the number of billionaires surpassing 3000 for the first time. The leaders of the list are well-known business tycoons and tech giants, including Elon Musk, Mark Zuckerberg, and Jeff Bezos.