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
China Navigator – Q3 2025
July 30, 2025
ANDAMAN PARTNERS outlines, unpacks and unravels some of the broad shifts and finer intricacies of China’s economic development and transition in 2025.
GDP Comparison: China’s Administrative Units vs World Economies of Comparable Size
July 24, 2025
From Guangdong to Tibet, Mainland China’s 31 provinces, autonomous regions and municipalities have become economic titans in their own right.
Global Investment in Clean Energy and Fossil Fuels in 2025
July 22, 2025
The future of energy is clean and electric, with record investment of USD 2.2 trillion in clean energy in 2025, led by China.