Telecoms and Technology Report Turkey 2nd Quarter
The Economist Intelligence Unit, June 2012, Pages: 14
Turkey's telecommunications and information technology (IT) sectors have considerable growth potential, given the country's young population and rising incomes. The Economist Intelligence Unit expects the population to rise from an estimated 74m in 2011, with an average age of 29, to 77.3m in 2016. At purchasing power parity (PPP), GDP per head will increase from US$14,500 in 2011 to US$19,500 in 2016.
The telecoms and IT sectors recovered strongly from the recession brought on by the 2008-09 global economic crisis, when companies were forced to cut costs and consumers reined in spending. Reflecting weaker global economic conditions and slower credit growth, we expect Turkish economic growth to slow from 8.6% in 2011 to 3-4% a year in 2012-13, before accelerating to 5-5.5% during 2014-16.
Although telecoms revenue in Turkey as a percentage of GDP is broadly similar to that in most developed European countries, IT spending is low. The International Data Corporation (IDC) expects it to remain at around 1% of GDP in 2012-16, below levels in Bulgaria, Romania, Poland and Egypt, which are considered major competitors for foreign direct investment.
Industry List: Hardware, Telecoms and Technology, Internet, Telecoms and Technology, Software, Telecoms and Technology, Telecoms and Technology, Telecoms, Telecoms and Technology
Industry Codes (NAIC): 517
Industry Codes (SIC): 48
Telecoms and Technology Report Turkey 2nd Quarter
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