Turkey will be the 13th largest economy in the world by 2026 according to the IMFPosted by: atif, February 15th, 2010
Turkeys status as an emerging market economy is showing strong indications to remain firmly on that course for the next 15 years. According to data from the International Monetary Fund, Turkey will be the world’s 13th-largest economy in 2026.
The Turkish economy will grow to the 13th largest in the world in 2026, outpacing a number of major economies such as Italy and Canada, a recent study using International Monetary Fund (IMF) figures has predicted.
Turkey, which was ranked 17th in the globe for its gross domestic product, will step up and rank 16th this year with Turkeys share of global GDP expecting to increase to 1.35 percent this year.
Turkey, which is currently a first class emerging market, is expected to rise to 13th place in the 2026 world GDP ranking. Turkey is foreseen progress ahead of some strong countries such as Italy, Spain and Canada with a 1.45 percent share in 2026, according to the IMF.
As a candidate for EU membership, Turkey is one of the largest countries in Europe, with a dynamic and young population of 71 million.
Turkey’s economy is continuously growing, while per capita income (based on purchasing power parity) and gross national product (GNP) have reached $11,000 and $750 billion, respectively.
According to a report by Goldman Sachs, by 2024, Turkey’s per capita income will climb to $20,000-25,000 and Turkey’s per capita national income is expected to surpass $30,000 in 2033 and $40,000 in 2040, reaching the $60-65,000 level by 2050.
According to the data compiled by Goldman Sachs, including its world economic projection report, China is expected to become the world’s largest economy with a nominal GDP of $70 trillion in 2050. It is predicted that the United States, India, Brazil, Russia, Indonesia, Mexico, United Kingdom, and Turkey will follow China in that order.
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