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Global Development: Part II Europe
Turkey
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Turkey is classified by The World Bank as a "lower-middle-income developing country." The population is 64.59 million. GDP is $202.60 billion, per capita income $3135, and inflation about 85%. The exchange rate is 321,670 liras=$1.00. The Turkish government consumes about 11.9% of GDP, but controls a large portion of the economy. The top income tax rate is 55% (average: 45%). The top corporate tax rate is 25% and the value-added tax up to 23%.
Country profiles were provided by Raymond Champagne
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