Turkey is a geopolitical power and a newly industrialized country. According to nominal GDP, its economy is the twenty-fifth largest in the world, ranking among the rising and growth-leading economies.
The country's land area makes up about 113% of Texas' total land area, making it one of the largest countries in Asia and the 37th largest in the world.
Turkey, situated between Asia and Europe, has functioned as a barrier and a bridge connecting the two continents. The surrounding sea and mountains covering a significant extent of the country contribute to the varied climate.
Turkey's labor force has grown the fastest among EU nations. It is now Europe's third-largest labor force, with about 33.3 million people. In addition, a substantial increase in the number of colleges has expanded their talent pool of globally competitive professionals.
The economy has shifted from primarily agricultural to industrial and service-oriented. Both the government and private firms contribute to economic progress.
The World Bank classifies Turkey as a high-income economy with the following trade agreements and alliances: