Türkiye has been on an economic upswing, aiming to surge past a national income threshold of $1.4 trillion by the end of this year. “Such progress reflects our commitment to attaining economic prominence on the global stage,” declared Turkish trade minister Omer Bolat at a recent event organized by the Foreign Economic Relations Board of Türkiye (DEIK) in Istanbul.
The Remarkable Journey
Reflecting on advancements since 2002, Türkiye’s national income has soared from a modest \(238 billion to a remarkable \)1.32 trillion last year. Türkiye’s robust economic strategies have been paying off, with the Justice and Development Party (AKP) steering the nation through annual growth of 5.3% over the past 22 years.
Exports as a Driving Force
A critical contributor to this growth has been the exponential increase in merchandise exports. From a trifling \(36 billion in 2002 to an impressive \)262 billion last year, exports have burgeoned steadily, reaching \(156.4 billion in just the first seven months of this year. This consistent growth has augmented the Turkish economy by \)7.6 billion in value, even in the span of seven months.
Diverse Industrial Growth
Türkiye’s export matrix is diverse, with major contributions from automotive, textiles, clothing, chemicals, energy, and agricultural products. In July alone, exports surpassed \(25 billion, marking an unprecedented milestone. "On March 28, we achieved a record export figure exceeding \)2 billion per day,” Bolat proudly stated.
Setting New Records
Looking forward, exports over the past 12 months have reached $269.4 billion—the highest in the republic’s history. According to Hürriyet Daily News, this growth pattern suggests a trajectory wherein Türkiye can maintain its upward momentum, reinforcing its role in quality production, technological innovation, and economic competitiveness.
This incredible journey underlines Türkiye’s strategic ascent in the global economic arena. Its focus on advancing industries, improving agricultural outputs, and enhancing services showcases a nation ready to affirm its position among the world’s economic leaders.
