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Turkey : economic indicators and trade with EU
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[Global Governance Programme]; [Knowledge, Governance, Transformations]; GlobalStat; European Parliament; At a Glance InfoGraphics; 2017/603912
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GUIDI, Caterina Francesca, SABBATI, Giulio, PERCHOC, Philippe, Turkey : economic indicators and trade with EU, [Global Governance Programme], [Knowledge, Governance, Transformations], GlobalStat, European Parliament, At a Glance InfoGraphics, 2017/603912 - https://hdl.handle.net/1814/51240
Abstract
The EU is Turkey's number one trading partner, and Turkey the EU's fifth trading partner – and the only one with which the EU has concluded a custom union. Turkish growth remains strong (4% in 2015 against 2% for the EU), even if unemployment remains at a high level, around 9%. Nevertheless, Turkey's economy is driven by exports and foreign investment, inflation remains strong (around 7%, while the euro area aims at 2%) and the Turkish lira remains volatile. In the framework of accession negotiations, the EU is assisting Turkey with reforms, to a total budget of €4 454 million (2014-2020). Our infographic, produced in close cooperation with GlobalStat, provides a quick and useful overview of Turkey's main economic and trade data, as well as of the EU's financial assistance