Turkey is a significant global economy, ranking as the 16th-largest economy in the world by nominal GDP and the 11th-largest by purchasing power parity (PPP) as of 2025 estimates. It is considered an upper-middle-income economy.
Turkey has an emerging free-market economy. It ranked as the 16th-largest in the world and 7th-largest in Europe by nominal GDP in 2025. It also ranked as the 11th-largest in the world and 5th-largest in Europe by PPP in 2025.
The richest country by GDP (PPP) per capita is often cited as Singapore, followed closely by Luxembourg, depending on the specific report and year, with Singapore leading in 2025 estimates with around $156,000-$157,000 per person, while Luxembourg is a strong contender just below that, highlighting small, finance-heavy economies as wealthiest per person.
South Sudan is widely considered the poorest country in the world in 2025-2026, consistently ranking first due to extremely low GDP per capita and a high percentage (over 80%) of its population living in extreme poverty, driven by prolonged civil conflict, displacement, and disruption of its agricultural economy. Other nations frequently cited as among the poorest include Burundi, the Central African Republic, and Yemen, also suffering from conflict and instability.
The United States, Canada, Japan, South Korea, Turkey, the Southern Cone, Western European countries and other allies represented the "First World", while the Soviet Union, China, Cuba, North Korea, Vietnam, and their allies represented the "Second World".
GDP: Turkey: $1.32 trillion 💰 Greece: $257 billion 💵 2. GDP per Capita: Turkey: approx. $15,463 👤 Greece: approx. $24,716 👤 3.
Foreigners who meet any of the following criteria may be eligible for Turkish citizenship, subject to the decision of the President of the Republic of Türkiye: Making a minimum fixed capital investment of USD 500,000 or equivalent foreign currency, as attested by the Ministry of Industry and Technology.
But despite the economic uptick of recent years, Tasmania is still the poorest Australian state.
Israel is a high-income country, ranking as the 16th richest economy per capita out of 145 studied.
Yes, Australia is widely considered a rich country, consistently ranking among the world's wealthiest by metrics like GDP per capita and median wealth per adult, often placing second or fifth globally due to strong resources (mining, agriculture) and high real estate values, though this wealth coexists with significant wealth inequality and a reliance on a narrow economic base.
By 2050, China is projected to be the world's richest country by total GDP, leading a significant shift where emerging economies like India, Indonesia, Brazil, and Russia rise to challenge traditional giants, with the U.S. potentially falling to third, while Singapore might become the richest per capita (PPP), though these predictions depend heavily on technological progress, political stability, and growth rates.
The United States is richer than China when comparing total economic output (nominal GDP) and individual wealth (GDP per capita), but China leads in Purchasing Power Parity (PPP) GDP, reflecting its massive domestic market's buying power, and has a larger overall economy by some measures, though the US remains ahead. The US has significantly more millionaires and billionaires, showing greater wealth concentration.
Issues
The basic direction of Turkey's economic development has been preliminarily determined, namely, the development of modern national industries, protection of customs duties, encouragement of private investment and absorption of foreign investment.
As of 2024, Istanbul's most expensive neighborhoods include Sariyer, Nisantasi, and Uskudar—renowned for their Bosphorus views, upscale lifestyle, and strategic location. These districts offer a blend of luxury, culture, and investment appeal, with property values consistently ranking among the highest in Turkey.
The United States is the world's richest country by a wide margin. It's a global hub for finance, tech, energy, and entertainment. From Silicon Valley to Wall Street, American firms shape worldwide trends. The country benefits from vast natural resources, advanced infrastructure, and a culture of innovation.
Israel sold $61.7bn worth of goods in 2024. The biggest importers of Israeli products were the United States with $17.3bn, Ireland with $3.2bn and China with $2.8bn. Hong Kong, a semiautonomous region of China that trade databases treat as a separate entity, imported an additional $2bn in products from Israel.
The internationally recognized great powers today are China, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States, with India being the most likely country to become a great power in the near future.
Firstly, the unhappiest city in Australia is Darwin. About 23. 4% of the population here is experiencing anxiety.
1. Sydney, Australia. Sydney, often known as Australia's financial hub, consistently tops the list of the wealthiest cities in the region.
Victoria currently has the highest total state debt in Australia in nominal terms, with projections showing it surpassing $194 billion, making it the most indebted state by absolute value and per capita, though the Northern Territory has the highest debt per person when population size is considered. Debt levels in Victoria are driven by significant infrastructure spending and past pandemic-related costs, leading to concerns about its financial position.
No, you do not still pay £10 (or any fee) to enter Turkey as a UK citizen for tourism; the visa requirement and associated fees for UK passport holders were abolished years ago (around 2018/2020). UK citizens can visit Turkey for tourism or business for up to 90 days within a 180-day period without needing a visa or paying an entry fee, but must have a passport valid for at least 150 days beyond their arrival date.
You don't need to be a Turkish citizen or resident to buy property in Turkey. ³ However, buying a home in Turkey doesn't automatically grant the right to live there - foreigners may still need to apply for a visa or resident permit.
Yes, Australian citizens need a visa to visit Turkey, but they can easily obtain an electronic visa (e-Visa) online for tourism or business trips, allowing stays of up to 90 days within a 180-day period, by applying through the official Turkish government's e-visa website. You must have a passport valid for at least six months from your entry date and meet other criteria, like having proof of onward travel and accommodation, to be eligible.