Turkey - Current economic developments and prospects

DOCUMENT OF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Not For Public Use Report No. EMA-53a CURRENT ECONOMIC DEVELOPMENTS AND PROSPECTS OF TURKEY September 18, 1972 Europe, Middle East and North Africa Department This report was prepared for official use only by the Bank Group. It may not be published, quoted or cited without Bank Group authorization. The Bank Group does not accept responsibility for the accuracy or completeness of the report.  CURRENCY EQUIVALENTS Prior to August 9, 1970 US $1.00 = TL 9.00 TL 1.00 = US $0.11 August 9, 1970 to December 22, 1971 US $1.00 = TL 15.00 TL 1.00 = US $0.067 After December 22., 1971 uS $1.00 = TL 14&.00 TL 1.00 = US $0.07  CURRENT ECONOMIC DEVELOPMENTS AND PROSPECTS OF TURKEY Table of Contents Page No. BASIC DATA LIST OF TEXT TABLES SUMMARY AND CONCLUSIONS .................. i-ix I. INTRODUCTION .......................................... 1 II. OUTPUT AND USE OF RESOURCES .. .. 3 III. POPULATION AND EMPLOYMENT .. ... 10 IV. MAJOR SECTORS . .............................. 14 A. Agriculture . .14 B. Industry . .23 C. Tourism . .32 D. Transport. 33 V. PUBLIC FINANCE ...... 36 VI. MONEY, CREDIT AND PRICES .............................. 49 VII. EXTERNAL TRADE AND FINANCE .54 Statistical Appendix This report was prepared by a mission which visited Turkey during 11-29 April 1972. The mission was composed of: Edmond Asfour (Chief of Mission), Ram Chopra and Yves Franchet (General Economists), Montek Ahluwalia, D. C. Rao, and Kazuko Artus (Fiscal Economists), Jean Casati (Inidustrial Economist, Consultant), Raymond Christensen (Agricultural Economist), and Thomas Klein and Anne Culver (Debt Specialists). The Transport section is based on part of the findings of a transport mission which was in Turkey in April 1972. The chief of mission made a short visit to Turkey in August 1972.   Page 1 of 2 pages COULNTRY DATA - TURKEY ---ON .t < 7<- DENSITY Y,3Q ,000'J kv-tr 374 m-,iCion (-aid-'1972) 48 per 1m/ Rate of Growth: 2.6%1 (from 1965to 1972) 140 per kv/of arable land P0F1,,, .. . is .LRC ,2k120A 5 ';:S ' 3- >7) UNA.VLTH (1967) c-i:E -- B '. C 59.6 Population per physician 2,76D C T;A-ie 1eai ...... ":?>On 10,0 Population per hospital bed 560 Ir -3 DISTRIBUTION OF LAND ONERS>HIP (1963) '-7co"'e -JF.S i 7 % owned by top 5%T of owners 36 ,4ir^.-.eF- qi I ntir7 42 %o (wned by smallest 10% of owners 2 -platio.) AC'ESS TO ELECTRICITY (1970)(% of population) of oc-rl;-: 7. of poopulation - urban rr.r.sl - rural ) yJin O (19T EDUCATION Ialorie intake as Rf re5.ocJrerents 110 Adult literacy rate % 46 (1965) Per CLaite oro_i" irte a ,rea'roies) 77,9 Primary school enrollment % 77 (1988) 1/ G NP PER CAPITA in 1971 : JS $ 323 r-01'ss Wpi"II 1 PROF0105-TrT 5'o 1 -1 I ANNUAL RATE OF GROWTH (%, constant prices) IjTn. % 195