Turkey Becomes 15th Biggest Economy in the World in National Income

Thursday, 25 November 2010

Turkey, which was earlier listed as the 16th biggest economy in the world in terms of size of national income, has revised its position in the ranking as the 15th, due to a correction made by the Council of Ministers in the Gross Domestic Product (GDP) figures in the country's 2011 Program.

Following such correction, Turkey's Purchasing Power Parity (PPP) based national income size, which was previously envisaged as 947.83 billion USD for 2010, has become 1.1 trillion USD.


According to the data provided by the International Monetary Fund (IMF), Turkey has been positioned above Indonesia and below Canada in the new ranking.

Turkey's PPP-based per capita income has also changed with the latest correction. Accordingly, Turkey climbed 9 places in the world ranking.

Turkey, which was earlier listed as the 63rd country in the world with its 13,038 USD per capita income envisaged for 2010, is now ranked the 54th with a per capita income of 15,392 USD.

Below are the top 20 economies after the correction in Turkey's PPP-based national income figures:

. PPP-GDP
. (Billion Dollars)
. --------------------
COUNTRIES                        2010                        2011
---------                              --------                     --------
1- USA                               14,624.2                   15,157.3
2- CHINA                          10,084.4                   11,195.4
3- JAPAN                            4,308.6                     4,430.4
4- INDIA                             4,001.1                     4,392.6
5- GERMANY                     2,932.0                     3,030.3
6- RUSSIA                           2,218.8                     2,343.1
7- BRAZIL                           2,181.7                     2,301.3
8- BRITAIN                         2,181.7                     2,254.1
9- FRANCE                         2,146.3                     2,210.1
10-ITALY                            1,771.1                     1,812.2
11-MEXICO                        1,549.7                     1,629.9
12-KOREA                          1,457.1                     1,540.7
13-SPAIN                            1,364.5                     1,391.2
14-CANADA                       1,330.1                     1,383.4
15-TURKEY                        1,119.0                     1,185.2
16-INDONESIA                  1,027.4                     1,104.4
17-AUSTRALIA                     882.3                        924.8
18-IRAN                                 830.7                        867.0
19-TAIWAN                           810.5                        857.2
20-POLAND                           717.5                        753.8

Source: http://www.turkishweekly.net