ANDAMAN PARTNERS Was a Co-Sponsor of the South African National Day Reception in Shanghai on 30 May 2025
May 29, 2025
ANDAMAN PARTNERS was a cosponsor of the South African National Day Reception in Shanghai on 30 May 2025.
Profile in Brief
Türkiye has a GDP of USD 1.3 trillion (2024) with real GDP growth of 3.2%, driven by strong domestic demand and public spending, but with the challenges of inflation and currency volatility.
Türkiye has a total land area of 783,356 square kilometres.
Government is a presidential representative democracy and a constitutional republic.
Economy at a Glance
GDP Overview (2024)
Türkiye’s GDP is forecast to reach USD 2 trillion in 2030, with gradual growth in GDP per capita to USD 20,176.
Inflation peaked in 2022 (72.3%), and has remained above 50% in 2022-2023. Türkiye’s currency has been volatile compared to its peers, with sharp declines from 2017 to 2024.
Central government debt peaked in 2021 during the COVID-19 pandemic and has declined since, reaching 32% of GDP in 2023. Household consumption has trended sharply upwards from 2020.
Trade Profile (2024)
Total trade amounted to USD 606 billion in 2024. Metals, Electronics & Machinery was the largest sector, followed by Minerals, Fuels & Chemicals.
Leading export partners (2024): Germany (USD 20.4 billion), U.S. (USD 16.3 billion), U.K. (USD 15.3 billion).
Leading import partners (2024): China (USD 44.9 billion), Russia (USD 44.0 billion), Germany (USD 27.1 billion).
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News & Events
Asia’s Shifting Role in Global Supply Chains — Perspectives by ANDAMAN PARTNERS Co-Founder Rachel Wu
March 11, 2025
Analysis by ANDAMAN PARTNERS Co-Founder Rachel Wu on changing patterns in global supply chains.
ANDAMAN PARTNERS Co-sponsored the West Australian Mining Club Luncheon in Perth on 27 February 2025
February 27, 2025
WA Mining Club luncheons are valuable ways to network with colleagues and clients and learn about the latest industry insights.
Knowledge
Global Agriculture: Producing and Trading the World’s Food and Strategic Implications for Agri Businesses
July 1, 2025
Global agricultural supply chains are vulnerable to several risks in 2025, with important implications for agri businesses and players in the sector.
Southeast Asia: The USD 4-trillion Economy
July 1, 2025
With rapid GDP growth, expanding trade networks and investment inflows, Southeast Asia retains its enduring appeal as a vital destination for multinational corporations seeking to diversify their supply chains and tap into Asia’s growing consumer markets.
Indonesia’s Dynamic Economic Growth Story Offering Opportunities for Global Businesses
July 1, 2025
Indonesia’s dynamic, services-led and consumption-driven economy is poised to become one of the world’s largest by mid-century, presenting many opportunities for businesses and investors.