Turkey Holidays - Destination at a Glance

”Stretching out on two continents, Turkey is a paradise where one can experience the four seasons simultaneously... Whether be fond of art, history, archeology or nature, you will feel the happiness beyond desires and hopes during your stay in Turkey.”

Turkey Fast Facts

Turkey is a Eurasian country that stretches across the Anatolian peninsula in western Asia and Thrace (Rumelia) in the Balkan region of southeastern Europe. Turkey borders eight countries: Bulgaria to the northwest; Greece to the west, Georgia to the northeast; Armenia, Azerbaijan (the exclave of Nakhichevan), and Iran to the east; and Iraq and Syria to the southeast. The Mediterranean Sea and Cyprus are to the south; the Aegean Sea and Archipelago are to the west; and the Black Sea is to the north. Separating Anatolia and Thrace are the Sea of Marmara and the Turkish Straits (the Bosporus and the Dardanelles), which are commonly reckoned to delineate the border between Asia and Europe, thereby making Turkey transcontinental.

Geographical Location

Turkey is located at Southeastern Europe and Southwestern Asia (that portion of Turkey west of the Bosporus is geographically part of Europe), bordering the Black Sea, between Bulgaria and Georgia, and bordering the Aegean Sea and the Mediterranean Sea, between Greece and Syria

Capital

Ankara

Religion

Muslim 99.8% (mostly Sunni), other 0.2% (mostly Christians and Jews)

Economic Profile

Turkey's dynamic economy is a complex mix of modern industry and commerce along with a traditional agriculture sector that still accounts for more than 35% of employment. It has a strong and rapidly growing private sector, yet the state still plays a major role in basic industry, banking, transport, and communication. The largest industrial sector is textiles and clothing, which accounts for one-third of industrial employment; it faces stiff competition in international markets with the end of the global quota system. However, other sectors, notably the automotive and electronics industries are rising in importance within Turkey's export mix. Real GNP growth has exceeded 6% in many years, but this strong expansion has been interrupted by sharp declines in output in 1994, 1999, and 2001. The economy is turning around with the implementation of economic reforms, and 2004 GDP growth reached 9%, followed by roughly 5% annual growth from 2005-07. Inflation fell to 7.7% in 2005 - a 30-year low - but climbed back to 8.5% in 2007. Despite the strong economic gains from 2002-07, which were largely due to renewed investor interest in emerging markets, IMF backing, and tighter fiscal policy, the economy is still burdened by a high current account deficit and high external debt. Further economic and judicial reforms and prospective EU membership are expected to boost foreign direct investment. The stock value of FDI currently stands at about $85 billion. Privatization sales are currently approaching $21 billion. Oil began to flow through the Baku-Tblisi-Ceyhan pipeline in May 2006, marking a major milestone that will bring up to 1 million barrels per day from the Caspian to market. In 2007, Turkish financial markets weathered significant domestic political turmoil, including turbulence sparked by controversy over the selection of former Foreign Minister Abdullah GUL as Turkey's 11th president. Economic fundamentals are sound, marked by strong economic growth and foreign direct investment. Turkey's high current account deficit leaves the economy vulnerable to destabilizing shifts in investor confidence, however.

The Capital

Ankara is the capital of Turkey and the country's second largest city after İstanbul. The city has a mean elevation of 850 m (2800 ft), and as of 2007 the city had a population of 3,901,201, which includes eight districts under the city's administration. Ankara also serves as the capital of the Province of Ankara, whose population stood at 4,466,756 in 2007.

Centrally located in Anatolia, Ankara is an important commercial and industrial city. It is the center of the Turkish Government, and houses all foreign embassies. It is an important crossroads of trade, strategically located at the center of Turkey's highway and railway networks, and serves as the marketing center for the surrounding agricultural area. The city was famous for its long-haired Angora goat and its prized wool (mohair), a unique breed of cat (Angora cat), white rabbits and their prized wool (Angora wool), pears, honey, and the region's muscat grapes.