Turkey is an upper-middle-income country with a population of 75.2 million in 2012and a
diversified economy. It is the world’s 17th-largest economy (6th largest in Europe) and 22nd-largest
exporter by value. Its economy grew with an average annual real GDP growth rate of 5% between
2002 and 2013. According to the OECD, over the last two years, it has had the highest real growth in
GDP of any OECD country and, it is projected to maintain its position with an annual growth rate of
5.1% until 2018 and 4.3% between 2018 and 2030.