Turkey: Unraveling Lira & Turkish Economy

The economy of Turkey. Turkey is a G20 member nation and the 20th biggest economy in the world by GDP. The country's currency Lira faced issues in the recent years.
Known for narrow waist glass tea, hard to get Dondurma ice-cream, mystic Sufi Whirling, a history of the Ottoman Empire, and the majestic Aya Sofya, Modern-day Turkey was founded on the principles set by Mustafa Kemal Atatürk, who implemented social, political as well as economic reforms and as a secular system.
The video discusses how Turkey imports a lot more than it exports that resulted in a “trade deficit” also known as a “negative balance of trade” which in turn put currency on the country's currency Lira, and decline in the purchasing power of the currency resulted in inflation.
The video also discusses Turkey's political leadership and president Recep Tayyip Erdogan's response to this "Debt-Currency Crisis" and how he refused to increase interest rates in order to stop the rising inflation.
The video also discusses tourism, and food options including Turkish coffee, Turkish kebabs, Turkish Tea, scrumptious Baklava, and Kumpir. The video also highlights medical tourism followed by some behavioral economics The video further discusses corruption, refugees, agriculture, oil and fuel consumption, labor force participation rates and tertiary education attainment.
You can also watch videos on economy of other countries:
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[@Natha1811]

Very well done thx .. Just a side note : You dont say " sukran " in turkish for thank you . Thats arabic. " Tessekür ederim " is the right way of saying Thank You in turkish.

[@EconomicRaven]

Tessekür ederim for the correction 🙏

[@balyooz]

@@EconomicRaven with 1 s "Teşekkür Ederim"

[@mustafaerdem1531]

we just dont use sükran in common but tesekkür is also Arabic lol. it comes from basically the same word with sükran, sükür. you dont know linguistics but also you dont even know your language lmao

[@ahhu.]

Thanks for the heads up, Arabic or Turkish, there is history full of great, good and bad that can't be erased.

[@tahagocmenoglu573]

Just say sağ ol Arabic words suck

[@ardakaya4771]

"a society of people trying to profit in short term with little effort." That describes the mentality of many people here, unfortunately.

[@nuvisionprinting]

That's most of the world.

[@nicolomerlo106]

World works like this nowadays

[@murtazawaheed3684]

Its worse in Pakistan

[@Firex64]

@@nuvisionprinting That's of course a common mentality everywhere but it's just more prominent in some places than others. Crypto currencies and short term stock exchange for instance are reaaly really big Turkey. It's among the top 3 in the world.

[@DerDop]

that's not only in Turkey. Your leader, tho...

[@ademalkasn9998]

“Sagol” or “Tesekkur ederim” would be the correct way to say thank you in Turkish. Although thank you for your accurate analysis.

[@monocle8868]

Tea-Sugar-I-Dream ..........

[@wadi.98]

what’s wrong with saying “thank you” in arabic though?

[@monocle8868]

@@wadi.98 Maybe because we are in Turkey for this video and Arabic is Not a universal language of Commerce? Just a thought...... Would you say "domo-arigato" in Jeddah?

[@monocle8868]

@Ziezi The First I think you answered the wrong person.......

[@aliakkanat666]

@Ziezi The First well if you're from a christian country you too were arabized since they are all semitic religions lmao

[@issiacthomas72]

Turkey's regime changed in 2016 with public vote which was 51% to %49 . Parliamentary system removed almost totally. Erdogan is the first and only leader of this system at the moment. In this system ,president almost able to do whatever he/she wants to do. The head of Turkish central bank changes oftenly. Turkish economy is not stabilized at the moment cuz of the facts about law and interventions on central bank. It's really sad to see Turkey in this way on this century.

[@tugrulserhat]

back to the days of caliphate before ataturk...

[@tugrulserhat]

@Friendly Grammar Corrector ofc it's a bad thing

[@legaciestr]

2017*

[@omerpasa3328]

Actually it is better this kind of systems always makes ruler look bad and people hate him more and more . Example France.

[@yyyaaa3928]

@@omerpasa3328 Unlike France here the law is broken daily by the majority party members including the constitution (p.s erdogan shouldnt be able to become a presidential candidate according to the constitution as he doesn't have a university diploma, he got himself a fake one and got away with it for a long time) and corruption is a big problem. The elections results are not reliable aswell especially after 2008.

[@gulshansalamli9349]

Turkish people don’t say “Shukran”. It is an Arabic word and is mostly used in Gulf countries

[@travelbuddy8644]

Because we dont speak arabish😀

[@Ain.tabMusti27]

So I think the Arabic and the Turkish word are very similar to each other, Like shukran = shükür, it’s like the same

[@serhafiye7046]

Şükran duymak en son kontrol ettiğimde ziyadesiyle Türkçeydi.

[@gulshansalamli9349]

@@Ain.tabMusti27 there are many taken words in Turkish language. Ofc there are plenty of Arabic words in modern Turkish language’s vocabulary. Shukur on the other hand is a different word. It is used both in Arabic and in Turkish languages. But Turkish and Arabic are not similar languages at all. Turkish language adapted hundreds of words from different languages including Arabic. So did the Arabic and many other dominant languages.

[@esrefcelikcelik8789]

Salam da türkçe değil ama bak soyadın salamlı olmuş. Arapça o kadar çok türkçenin ıçine girmiş ki.

[@Economicroscope]

Turkey needs to refocus attention on fundamental reforms and rebuild a resilient economic system that will drive Turkey back into the elite group of countries.

[@canistanbuldan]

Fully agree 👍

[@marsvalisi7643]

@@canistanbuldan ne demisss

[@ardaarsen]

That sounds like one of those emotional speeches in animes haha..

[@anest-uk]

They need more motherhood and apple pie, too. To infinity and beyond!

[@jazmines.mcarty6417]

Turkey is in the elite Group of countries now for sure : Pakistan, Somalia, Azerbaijan, Ukraine , some what Russia ! Undermining and creating chaos all over the world- Syria, Libya, Ukraine, Caucasus, Greece, Mediterranean... Imitation of a super power , defeating EU, USA !!! And this is doing country whose tanks turn into metal w/o german engines, TB2 are toys w/o Canadian optic system, fail to use S400 w/o Russians , w/o Israeli intelligence total newborn ... TEA that's the solution , what was saying "smart "politic Erdogan ? Boycott all french , European Means NO education for Turkish students, NO nanotechnologies for Turkey , NO bllns from EU... ! La finite comedy , wake up Turkey :..

[@AlexBurtonMusic]

Shukran for watching? While doing this much research, I wish you had researched what language is spoken in Turkey. I've been living in Turkey for 17 years and not once have I heard people use "shukran" to say thank you. They say "sağ ol" to say thank you.

[@not_hAck3r]

sağol or teşekkürler. shukran is more like arabic or urdu

[@AlexBurtonMusic]

@@not_hAck3r Shukran is an Arabic origin word.

[@moozt]

Yeah and the way he pronounced Merhaba like it's in Arabic at the beginning.

[@shinqqing5161]

What's the difference between Arabs and Turks? It's about the same as Japanese and Chinese. There is no difference.

[@moozt]

@@shinqqing5161 LOL. Educate yourself. Not even worth this reply but yeah.

[@josephbrady8836]

Turkey exports some of the highest class of talent in the world. Literally every colleague/associate of mine from Turkey come highly educated and have a very broad skillset. And, it has not gone un-noticed by the Blue-Chip companies, capitalizing on the untapped resource of highly skilled labour. I hope Turkey turns it around and regains it's financial stability. As an Irish man, we owe a great deal of gratitude to the ancestors of the Ottoman people.

[@steen275]

Didn't the Ottoman empire literally relinquish the lands they stole from Greece, Armenia, Georgia, Cyprus, Syria etc, by butchering people?

[@poffydaisy5134]

@@steen275 literally every single country did such horrible things in past what are you on

[@steen275]

@@poffydaisy5134 Exactly but turkey is the only one i know of that still denies it all, even when it's written history. They still deny the rape and genocide genocide of 1.5 million Armenian christians

[@boraxsopanic2670]

Ireland? As much as I love Ireland it looks poor because not much is spent on infrastructure...like the US. Who cares about how much money the rich has?

[@poffydaisy5134]

@@steen275 I literally wrote a whole parapgraph responding but it got deleted? Anyways, I was saying that you're incredibly wrong. Turkey is not even close to being the only one that denies it all, japan denies massacering half of asia, united nations doesn't even acknowledge the biggest of genocides and many more. There were barely 1.5 million armenians living in ottoman empire to begin with, it was 500 thousand at most. Of course its an incredibly disturbing thing they did but you people not acknowledging anything besides turkish people's wrong doings is so sad. Also tf does it have to do with Turkey, Turkey isn't ottoman empire

[@rajpipla1]

Turkey needs a new, more enlightened leader.

[@Sevan59]

and new people , the old one all fed on lies , there must be an update .

[@opuntian]

So does India.

[@scottsimon1]

Not more enlightened, just someone who isn't a moron,

[@goktugyldz574]

@@Sevan59 youth are pretty good actually and probably erdoğan will go in 2023 election

[@ahmedabdurrezzak3797]

Do u guys got a problem with ur heads or something? He is literally the best presiden turkey had i mean dolar is not everything don't be at that level of ignorance lol

[@hackerbrinelam5381]

British: "I am the most Tea loving nation in the world" Turkey: "Hold my cup" Edit: DAMN, Thanks for the LIKES

[@fabiandimaspratamathesecond]

India and Indonesia: you two are ignorant

[@joshbentley2307]

@@fabiandimaspratamathesecond India is 28th per capita and Indonesia is 23rd. Turkey 1st Ireland 2nd U.K. 3rd Brits drink around 6X the amount of tea that the average Indian would drink.

[@daffalathifilham8028]

@@joshbentley2307 west like so much tea

[@daffalathifilham8028]

@@fabiandimaspratamathesecond tinggal di mana bang?

[@rommyjoj326]

@@fabiandimaspratamathesecond Fun fact: theres a giant tea glass in rize being built right now. İts planned to be a place to drink tea. Theres also a statue where a teapot used to pour water to a glass

[@kel8026]

I like the way you thanked everyone for watching in Arabic while doing a vid about Turkey.

[@budisoemantri2303]

Plot twist: he's doing that on purpose

[@pu1317]

@Абдульзефир but şükran is not one of them

[@akkarga990]

@Абдульзефир According to TDK (Turkish Language Establishment), turkish has 7% loanwords from Arabic. Most are not in the daily vocabulary, but complex words such as freedom, which has the turkish translation to hürriyet, coming from arabic, or özgürlük, wich is of turkish origin. Most words are like that and one can choose which word to use to their liking

[@levitanno]

@Абдульзефир nah. Turkish has %87 pure Turkic words. Arabic loanwordsis just alternative way of saying and barely about 6% of whole language. Though many of these words been removed after empire and remain ones mostly regarding religion or already has synonyms in Turkish lol

[@levitanno]

@Абдульзефир ye it is Go and check. 💁‍♂️

[@justbaran]

Wow foreigners take our country's problems more seriously than our government do Thanks for the video 👏

[@derinden15]

People say Turkey needs to do this or that but it isn't a problem here. Politicians already know what needs to be done they just prefer not to do it since they are not serving the people. In addition to trade deficit, Turkey also has 450 billion dollar/euro foreign debt. In 20 years, most people has seen a decline in their purchase power but some people close to Erdogan got ultra-rich. Money just changed pockets. Erdogan's biggest issue right now is to built an absurd canal in Istanbul which will cost at least 20 billion dollar to Turkey. Another construction project to make construction companies richer.Let me give you an example how corruption is rampant in Turkey. State Bidding Law has changed 192 times in 20 years. If they want a certain company to get the state project, they just make some changes to the law.

[@canistanbuldan]

It is sadly true. 🙁

[@Jewzi123]

The canal project is needed and quiet beneficial , I don’t know why some people oppose it , it will bring foreign currency , more employment .

[@derinden15]

@@Jewzi123 The reason people built canal is to make navigations shorter. If a ship doesn't use Suez canal then it has to go around Africa, which will take 3-4 weeks.The same goes for Panama canal,too. If you don't use Panama canal then you have to go around South America, which will take 2-3 weeks. Because of this reason, ships are willing to pay high fees to go through these canals. On the other hand, if a ship chooses not to use Istanbul canal, it will just wait 14 hours then it will go through Istanbul strait for free. How will Istanbul canal turn profit for Turkey ?.

[@sarioglanli38]

The fact is many countries has a lot debts such as Greece (450 billion) USA (17 trillion) France (2.5 trillion) dollars but Turkey is the only country in the world who didn’t borrow money from international money lenders during the corona

[@canistanbuldan]

@@sarioglanli38 do you have a source to support your statement? Did you mean no money lending since 2020, or internal lending (through saving accounts, or other financial services within Turkish banks)?

[@baranalp8194]

"...on top of everything, it needs proper leadership and management." In my opinion it was the keyword of the video. #tamam

[@TomCat-jb9do]

Quite an objective and non-sided analysis. I am following German channels for long time and I can say that anglo-saxon mindset is less biased against Turks. Thank you for that video guys.

[@EconomicRaven]

Thank you for watching 🙏

[@pinaryavas1719]

How is this non-sided analysis - it is full blown openly sided analysis ;) whether or not rightful, is the discussion. I don't appreciate cheap propaganda under the 'umbrella' of 'docu-video'. But good attempt.

[@angela-op1bt]

non sided? really?

[@sercancelenk7131]

This is a well researched and brilliantly articulated video about Turkish economy but of course only manages to graze the surface. What amazes me is the fact that even though they see the effects of forcibly keeping the interest rates on a low level, political leadership insists on this archaic position which in turn devaluates the Turkish Lira even more. I don't understand what they are trying to do and I doubt they even know what they are doing at this point. A whole country with 80 million of its' citizens looking up to a deranged man and the decisions that will be uttered by his boomer mouth. There is a systemic problem in this country that perfectly reflects the mentality of an average Joe, which could be described as "saving the day above all else". 2023 elections will be a milestone that determines the people's future.

[@suswanto4777]

Even in most terrible economic situation, Turkey is very very beautiful.

[@se.i.4393]

❤️

[@dogan4673]

For tourists

[@rottenheavenly6245]

and exactly what has that got to do with the failing lira

[@batuchthebruh5165]

For people coming to spend a few days and go back to their rich countries maybe but trust me not for us young folk living in Turkey.

[@MelihKarlav]

@Aiman Maraidi very simply put: Our 16 year olds are worrying about their future already while having almost 0 freedom. (for a 'democratic' country) - But an average Dutch 16 year old is planning vacation and cultural visits with his/her friends for winter and summer while having no concerns for their future. They know they will succeed if they do their best. However, in Turkey doing your best gets you almost no where. You need 48% luck and 51% relatives/friends from the ruling party (AKP). Your capabilities are worth 1% at best.

[@pojokanperpus]

Thank God this channel poped out in my YT recommendation. I am looking forward to hearing the real cause of decreasing Lira and I got it in this video. Keep up the good work!!!

[@EconomicRaven]

Thank you 🙏

[@utf8redactedcharacters]

Wow that was very informative... "SHUKRAN FOR WATCHING" ah.. maybe I should double check these facts

[@seyitsamilerdim8655]

Wow this is actually pretty comprehensive and accurate, as a turkish guy i can say you touched on a lot of topics that arent common knowledge to most foreigners. Nice job mate

[@theocy1986]

Erdogan is a clever politician who understands the power of having uneducated voters who are influenced by speeches.

[@rogerdodger8813]

Sounds like Trump!

[@7dnein944]

How does he get voted then? This means that the majority is uneducated.

[@theocy1986]

@@7dnein944 not exactly true. There are educated people who are corrupted. Corruption is also another issue in Turkey.

[@oguzhanark1168]

@@7dnein944 it is.

[@theocy1986]

@@oguzhanark1168 i dont know if the majority is uneducated, i am sure that a country like Turkey has a lot of educated and sophisticated individuals. They do have fanatics though and as i have said before a lot of people who gain a lot of wealth and benefits when Erdogan is in power.

[@derinkurultak1002]

Turkish actually has the blessing of natural resources due to its climate and soil, considering the fact that four different types of climates occurring along the country. The reason that Anatolia was a place wished to be conquered by many civilizations over the centuries was due to the fact that Anatolia is so rich when it comes to resources. The sad truth is that we don't know how to utilize them. However, Atatürk knew this and used this to Turkey's advantage to prosper the country after the Independence War. A good example would be that he made an agreement with Russia in which Russia build a manufacturing company in Turkey and in exchange Turkey provided Russia with agricultural products.

[@esrefcelikcelik8789]

You are right, but people turn this heaven on earth into a hell. There is no justice, freedom and democracy in Turkey. Erdogan destroyed all.

[@Firex64]

A very insightful video and almost everything you pointed about Turkey is correct. Turkey needs a government change. There lies the main problem.

[@EconomicRaven]

Thank you for watching 🙏

[@randomlygeneratedname7171]

But the new Government will have the same problems to deal with it. It's easier to just insult the current government.

[@thesecond4767]

Erddogay

[@B13.B13]

@@randomlygeneratedname7171 we never ever have been in this position.. Lira is never insulted that much. It is easier to you defense your Ak parti but here is the truth.. And even I dont say many many damages they did to country. Hopefully and finally we will rescue as soon as possible I hope with all my heart.

[@jahinsadman1505]

@@thesecond4767 west is pest

[@egeaydin1308]

Oh boy, seeing videos from four months ago describing the Turkish economy of the time as horrible and realizing that in a few weeks it got much worse is torturing my soul.

[@egemeno9215]

A very lovely and professional analysis. I quite enjoyed it.

[@EconomicRaven]

Thank you 🙏

[@moapps1461]

Thank you, for making The most perfectly described unbiased video on this specific topic topic.

[@EconomicRaven]

Thank you 🙏

[@mortenlund1418]

Hmmm - maybe unbiased but not completely real. There is ways economy is measured especially in the rich countries, which by some does not completely show a tru picture of a country potential and future. The examples are many.

[@moapps1461]

@@mortenlund1418 i accept that there are many ways to measure the economic potential of a country and so on.but what i meant was that all of the other videos that i did watch were where people tended to bend towards the negatives more rather than the positives, unbalanced in one word. tbh that also was at many times very nonsensical to me. and yes I'm aware that there are many industries which were not mentioned at all where the country is acing in. trust me this is the only video in which i could see an unbiased summary of the economy.

[@Knightfire66]

this video doesnt even talk about 1 real issue. it just repeats normal facts from a study book about economies. from which not even 1 is true for turkey. He didnt talk about why lira lost in value. maybe just tell one political example. or talk about terrorists around turkey. or talk about european countries forcing turkey to accept syrian refugees from a country usa and russia made to mess. all those facts are cousing investors to get scared. speculations also cause lira to loose value. also trump did his best to harm turkey because he was radically pro israel. those are all facts which harm turkish economy. but youre talking bullshit about its leaders beeing "corrupt" with no prove. if they were so how could a country be the 2nd fastest growing in last 10 years right after china? this video is clearly propaganda against turkeys pro muslim president/governement. it states 0 arguments.

[@Omer1996E.C]

Yeah, it's unbiased. But he haven't said any real reasons or solutions, and he wants better leader, erdogan was literally the first one to survive a coup in the republic's history and the economy in turkey and especially Istanbul has boomed since he came to power, although the lira weakening

[@pedramkhatibishahidi1785]

Thank you for an interesting video. I had no idea this was the situation in Turkey. Will definentley keep an eye out for Turkish products. I hope Turkeys situation will change for the better. Best wishes from Sweden.

[@fratdurmaz2960]

5.53 trying to stop your laughter ..I feel you man, it's a complete shitshow

[@ricktrickshots2642]

5:53

[@pramilashaktawat4429]

@@RusselKabirTR 🟫SERCH ADITYA RATHORE, HE ALSO MAKES INFORMATIVE CONTENT LIKE ECONOMIC RAVEN

[@mistermclaur9205]

I love your analysis style, could Canada be studied in a coming video?

[@senolburhan]

This work is the most accurate one I have ever seen. The research is solid. Congrats.

[@EconomicRaven]

Thank you 🙏

[@CashHandler7]

Tesekkur ederim for this video cuz

[@eduardsareschnuk4467]

I really like your videos. What are your usual sources for all this information?

[@jahpinkman3043]

Fun fact: since this video was published, the Turkish currency, Lira has lost over %100 of it's value and over %400 in the past 5 years.

[@arashied1]

Yeah we are sad for economy 😔

[@jahpinkman3043]

@@arashied1 Bende aga bende 😓

[@personperson8712]

@@sametturn I used google translate, and yes, it can

[@spikespiegel8642]

I am a 19yrold engineering student from India. I learn a lot from your videos. I like to know about economics and your channel is a gem for me. So unique in nature, I can get a brief idea about diff countries economy! I am currently reading textbooks on economy in my free time. I just want to say thankyou for starting this channel. Bless you!

[@EconomicRaven]

Thank you for watching 🙏

[@yazanaboulhosson7747]

Yooo the profile pic!!

[@kayzersooze1633]

Just fantastic, you have figured out our picture awesome(!)

[@jamespittman520]

Overall well done but I don't agree with the blanket statement at 10:48 that "Turkey lacks the natural resources that have made many other countries rich". Fossil fuels are not especially in abundance relative to the Persian Gulf or Caspian sea regions but other natural resources including arable land, water, forestry, and minerals are plentiful.

[@octapusxft]

The founder of the country probably rolls in his grave now. He made the new Turkish state mostly secular for a reason (just look at the state of most religious middle eastern countries). Turkey will probably go back to growth if they change management so that they will return to secularity and better (less antagonistic) diplomatic relations with the countries around them.

[@Sahanawaj_]

I have seen many secular poor countries in Africa, Latin America , Asia why they are still poor ?? (Secularism= prosperity) doesn't make any sense!

[@Sahanawaj_]

Actually Turkey was prosperous and strong in Ottoman Era! Only a strong and honest leader can make a country prosperous!

[@octapusxft]

​@@Sahanawaj_ The Ottoman empire like all long lasting empires had a solid foundation of law and a state that was organized enough to manage the needs of the empire. It takes more than one strong and honest leader to create and maintain that. It needs lots of good statesmen who are hard at work for the best interests of the nation (instead of their personal ones). The time of empires had passed but the same principles can apply to single countries too.

[@octapusxft]

@@Sahanawaj_ Secularism just allows a country to be more flexible in their policies and diplomacy (historically some regimes prevented trade with nations of other faiths). It is not a single magical solution to problems. I am sorry if I was confusing.

[@realfreedomfigther326]

@@Sahanawaj_ why do you dont understand ottoman is over over and over

[@tanvir.morshed]

I love how you drop some technical terms in-between, noice!

[@EconomicRaven]

Thank you for noticing 🙏

[@yunus_aran]

Interesting video. Thanks for sharing!

[@bhargavpalsana8967]

Great work 👍🏼

[@majordegeneral9056]

You have explained the situation in Turkey very well. Thanks

[@EconomicRaven]

Thank you 🙏

[@mishkaland5422]

Well everything was explained in very much in detailed and we are kind of happy to see these kind of videos about Turkey because everything is going bad in there by economy but “sukran” is an Arabic tho 😂 you could have used a Turkish word instead of that, like “Tesekkurler”. Overall I love the video recognition of these kind of things among Turkish people is the first step of getting our legs out of this swamp. Thank you for making the video!

[@altayali7541]

Teşekkür also comes from Arabic though.

[@bakugokatsuki908]

@@altayali7541 napim

[@mishkaland5422]

@@altayali7541 if you look at the origin of the word yes but the word by it self has converted in Turkish. We don't say taşakkur right brother? :)

[@vassilisioannou5488]

great work thanks!

[@speedybats9558]

Thanks man the video was really good

[@EconomicRaven]

Thank you for watching 🙏

[@ModifyBankai]

"The country does have an export industry like automobiles..." Me: Yeah sure... **vietnam flashbacks**

[@ShamanKish]

Toyota poor man tanks.

[@tampabay2888]

Transformation of Hagia sophia a Museum to mosque says everything about the future of Turkey , birth of another Pakistan.

[@harukrentz435]

Yup. The next turkey leader need to reverse this calamity.

[@edholohan]

Won't happen.

[@aalb1873]

Exactly

[@Jewzi123]

How many Mosques was transformed to Church’s in Spain ? The Catholic Church is trying to convert the Córdoba’s Mosque into a Catholic temple using legal loopholes and fake history , According to Fernando Arce Sainz, an archaeologist, recently published a report dismissing the idea that a Christian church pre-dated the Córdoba’s mosque. “Given everything we know, everything we have over a century’s research in terms of documents and archaeology, the most reasonable theory is that there was not a church there,” he says. Arce Sainz’s work updates previous findings which had ruled out the existence of a church on the grounds that there is no evidence, for example, of Christian iconography or a cemetery.(( yet no one called Spain in the dark ages )) .

[@iparipaitegianiparipaitegi4643]

@@Jewzi123. False comparison. Spain was already a catholic country when it was invaded my muslims, then liberated from them. The churches became mosques, then churches again. Constantinople never was muslim before the 1453 invasion.

[@shoaibahmed588]

I truly believe Turkey can turn this around. Extremely intelligent, talented, and proud people.

[@Truthseeker371]

They are certainly hard working.

[@wantstofly86]

very interesting, thx for this video !

[@EconomicRaven]

Thank you 🙏

[@durua6623]

As a Turkish person, I can definitely say that your video sums the economic situation of Turkey quite accurately. It is definitely a well-researched video that can explain the problems Turkey faces in just twelve minutes. I would feel comfortable about showing this video to someone who has no idea about Turkey. And also side note: Turkey's economic improvements in the last two decades were not the result of AKP(Erdogan's Party)'s economic plans. An economy professor Kemal Derviş from the UN prepared an economy program for Turkey. AKP just implemented the economic plan. This plan positively impacted the Turkish economy until 2015-2016 and by doing that also solidified AKP's power because everyone believed that AKP was the one stablized the countries economy.

[@ibrahimovic12100]

Nice propaganda against Erdogan. The Turkish economy grew 21.7% in the second quarter of 2021, the highest since 1999. Also regarding keeping low interest rates, it is to incentivize people to get mortgages and not save money in the banks in order to stimulate real estate hence, the Turkish economy is heavily reliant on its construction sector. As a Turk, you shouldn't fall for cheap propaganda made by a random KZbin channel that u don't even know it's TRUE background.

[@pottah2782]

@@ibrahimovic12100 the irony that you are the one who is falling for the propaganda sahdhasgash tuikten mi aldın verileri

[@ibrahimovic12100]

@@pottah2782 unless u want to present any facts, then there is no benefit of our argument

[@pottah2782]

@@ibrahimovic12100 ya he he

[@atheistturk2509]

@@ibrahimovic12100 Stfu Arab. You don't live in Turkey, i live. Turkey's GDP decreases every year. This is because of the Erdogan regime.

[@jeffarchibald3837]

As Erdogan slowly buries the principles of Ataturk.

[@reyzx8143]

as he should erdogan isnt wow i give you that but ataturk is a monster

[@timurklc4431]

@@reyzx8143 Ataturk is a monster. Lol, sure

[@andrejturan2525]

Turks are. Erdogan is just figurehead. That is how democracy works.

[@elfi8355]

there are 15 other ppl between

[@andrejturan2525]

@@elfi8355 How many military coups were in turkey since Ataturk? Erdogan is first politician with real power in these things.

[@dck6381]

Great video!Its definetely not like all those other dull videos with info that everyone already knows

[@EconomicRaven]

Thank you 🙏

[@user-gs8jv4oq6w]

Great vid thanks

[@arielleung3917]

Interesting. Didn't know about the medical tourism. I really hope Turkey would get better. It's a beautiful country, and all the Turkish people I personally know of are fun and nice.

[@FNaFManiac]

its a heaven for tourists because our money is cheap, its a living nigtmare for me i bought a plush for 25₺ back in 2020 this times and now its worth 180₺ i cant afford it now....

[@enesaydn2687]

Turkey has corraption so huge that is one and most important thing actually that is makes Turkey's economy horroble. btw we arent use ''sükran'' word we use teşekkürler which means thank you.

[@silversurfermusicco5263]

Lol yes good point

[@sm3675]

Sadly Turkey is being devided by its elites. The Turkish people should unite as one and fight curroption. No right, no left, only one peoples

[@69socialmedia97]

@@sm3675 Demeocracy create divided nation but no Civil War!!

[@onurturhal6814]

that was realistic, plus I learned a few things thnx:)

[@bashqadriqadri8075]

Thank you for a very balanced report on Turkey.

[@huseyinonder1400]

thanks for the time you spent for this video, but şukran is arabic word we speak turkish, which thank you in our language is teşekkür ederim or teşekkürler.

[@burakyagc8515]

Although I do not agree with everything you say, I like that an outside eye makes such a good assessment about our economy and informs people in this direction.

[@danathemadan4994]

you dont agree with facts. this is all data based information

[@cjohnson3836]

@@danathemadan4994 Data doesn't create truth and data alone states nothing. Data must be interpreted. And, as someone who likely deals with data much more often than you ever will (I'm a scientist), multiple interpretations of the same data may be correct, simultaneously.

[@danathemadan4994]

@@cjohnson3836 thank you, this has changed my point of view greatly

[@alpi5459]

You can’t agree or disagree with facts.

[@trikebeatstrexnodiff]

@@alpi5459 oh such as them saying sukran as if it meant thanks in turkish? It is wrong and NOT a fact!

[@MrPntr21]

solid content

[@jimakcelik6486]

It’s very well done indeed. Great video

[@alperenakdogan9207]

It was a great video everything you said are true. But I must say that we dont use the word "şükran" as thank you we use "teşekkürler" or "teşekkür ederim". Not a big deal just annoyed me a little because "şükran" is a arabic word and I know non-Turkish people exhausted to hear it but Turkish people are not arab

[@kawaiiobama8079]

My interpretation is that Erdogan does this knowingly. I mean for a time there was a new president of the central bank and during the time that guy was in charge, the inflation seemed to get better but ultimately was replaced by a loyalist. I don't grasp the reason though. Maybe to reduce foreign imports... Who knows.

[@asirnewazkhan4172]

Hear me out. Just hear me out. I haven't slept for an entire night (and the previous day). Erdogan is trying to devalue the Turkish Lira to the extent that it becomes worthless by 2023. Why you ask? Two reasons: Election year and the completion of the Istanbul Canal. In short he'll use his prestige as a nation builder to gain the edge over his opponents and maybe go to war with Greece (probably some shells flying here and there). Then once he's in power (again) he'll remove the lira from circulation and print a new currency and basically make himself as the leader of a new Turkey. Probably some narcissistic ego trip. But, it's 2021 and it sounds crazy enough to be true.

[@ykdm-by4cm]

@@asirnewazkhan4172 erdogan maybe actually devalue lira but i dont think he is that crazy to take all of europe against turkey by attacking greece

[@asirnewazkhan4172]

@@ykdm-by4cm I'm crazy enough to. Then again I'm high on coffee. Gunaydin kardasim

[@orbit5311]

Erdoğan only thinks about himself and how he can keep power

[@jegerbaderkhan71]

@@asirnewazkhan4172 I mean I won’t be surprised if he actually does that, it’s erdogan he does whatever his brain desires, he might even start to invade parts of Iraq/Syria inhabited by Kurds to gain support or maybe with Greece

[@disobeyv2724]

As a turkish person, this was one of the best summarizations of my country that I've seen on youtube. Good job.

[@EconomicRaven]

Thank you 🙏

[@ibrahimovic12100]

Nice propaganda against Erdogan. The Turkish economy grew 21.7% in the second quarter of 2021, the highest since 1999. Also regarding keeping low interest rates, it is to incentivize people to get mortgages and not save money in the banks in order to stimulate real estate hence, the Turkish economy is heavily reliant on its construction sector. The Turkish defence industry is stronger than ever. Many things are going great for Turkey. I feel bad for Erdogan for having unappreciative citizens like u.

[@metmela204]

@@ibrahimovic12100 O bahsettiğin yüzde yirmi birlik büyümeyi karıştırmışlardır kesin. Ya enflasyonun oranı, ya da Saray’ın bütçesinin artış oranı.

[@stagresearch2909]

Great Video!

[@muratipek32]

Dij güçler, ezan, bayrak... People in Turkey understands me. Turkey is in a vicious circle under Erdogan's regime. And it's getting worser every single day.

[@doublecicek]

hahahahahaa

[@gllmll7227]

We wont let you eat erdogan,huloooog

[@Knightfire66]

"vicious circle" called democracy. you get to vote. and erdogan wins. circle starts again until next elction. do you mean that by "vicious circle"?

[@doublecicek]

@@Knightfire66 he just hates erdohan …erdogan is winning the election for the last 20 years…the second party just gets the half of the votes that erdogan gets….so its not the reality

[@kasimsuleymani1370]

Everything that is of valu or significance in turkey has been designed/made/constructed by overseas Western firms or imported in from developed nations. They should now import the modern western political and management systems to save the country.

[@yvesvangulik8268]

You’ve explained the situation perfectly.

[@EconomicRaven]

Thank you 🙏

[@Knightfire66]

he didnt even say 1 real issue about turkey. xD he talked bullshit.

[@yvesvangulik8268]

@@Knightfire66 🤣🤣🤣🤣🤣🤣

[@srinivasmarkandeya2829]

A very well researched and thought out Narrative..

[@the_morrow]

Very well done. The analysis is very accurate in my opinion👍🏻 Btw, "şükran" is used by Arabs:) We often say "Teşekkürler"

[@Nasil-Yapmali]

Teşekkür roots arabic

[@the_morrow]

Teşekkür is Arabic, Şükran is also Arabic. You guys are right. What I mean is we use teşekkür in Turkey, not Şükran;)

[@selcukcilek555]

Although the "Döner Kebap" has outscored "The Hamburger" as for the No.1 fast food for example in Germany, it isn't well used by Turkish companies. That isn't because Turkish people aren't big risk takers (9:01) but because as it is within many other fields, the accumulated capital for a bunch of companies is just not sufficient to go beyond the borders of Turkey.

[@Knightfire66]

it was because of english. 20 years ago we could even speak one english word after elementary school. because of the shitty education system back then. this governement made english obligatory even in elementary schools. its just an example. but many changes like that were made. and turkey became more like a global player. and in last decade more turkish companies can be seen outside. especially asia and africa are full of turkish companies.

[@Ahmet-yu7jr]

@@Knightfire66 what the hell are you blabbering you liar. English education started in elemetry schools during 90's. Before that mid schools already had English lessons. And do not even start how bad education system right now. Stop lying.

[@sahtemehdiavcstarkd8712]

Ama risk almamanın da katkısı var, paranın bol olduğu 2008-2015 yıllarında herkes müteahhit olma derdine düştü, risksiz para kazanma yani. Krediler alınıp büyük işler yapabilirlerdi ama maalesef kolay ve risksiz kazancı tercih etti çoğu müteşebbis. Daha 2000 li yıllarda bile duyuyorduk Sabancılar market zincirleri alıyorlar, üretime yatırım yapmaktan ziyada. Üzücü ama gerçek…

[@sahtemehdiavcstarkd8712]

Sana söyleyeyim bazı dönerciler var müthiş bir sistem kurmuşlar, mesela İstanbul’da Bayramoğlu döneri franchise işine girseler dünyaya yayılırlar, hamburger ve pizzadan daha lezzetli ve sağlıklı. Yazık. Türkiye de bile 2-3 şubeyi geçemediler.

[@selcukcilek555]

@@sahtemehdiavcstarkd8712 Daha önceki mesajınla zaten kendine yanıt vermişsin. İnsanlar devlet inşaat politikasıyla maalesef betona yönlendiler ve katma değer yaratacak girişim böylece engellendi.

[@iskhan2373]

I congratulate you for a very accurate and appropriate research.

[@EconomicRaven]

Thank you 🙏

[@talhaguven870]

The video is very good and prepared well with good and accurate informations. Actually, as a Turkish person I thought that our president must watch it to learn what is going on.

[@iagogvenetadze8269]

Love Turkey from Gurcistan ​❤️️​🥰​

[@realfreedomfigther326]

Thanks 💕 💕

[@bar1825]

Can you take Erdoğan back please?

[@melihatisho6161]

@@bar1825 of course we will kick out erdogan in 2023

[@anathim3996]

Hi, I love your channel. Please create a video on the South African economy 🇿🇦

[@EconomicRaven]

the Raven will fly over South Africa soon!

[@romix9219]

Can you do a video regarding the years 2002-2014. What policies made the country prosper and how was the management or the finance minister different from now?

[@CemreNeverland]

Watching this while drinking tea 🎯

[@spirokaci]

All nations go through difficult times. Nothing new here. Good Luck, Turkey, in recovery. I'm sure Turkey will do well in the future.

[@idkmyname7211]

Seems very unlikely, the damage has already been done...

[@busbauerr1erwingl17]

@@idkmyname7211 Turkey was in even worse conditions under the party of that Dictator called Ataturk and somehow still managed it.

[@yusufsaraydar]

@@busbauerr1erwingl17 You have no idea.

[@busbauerr1erwingl17]

@@yusufsaraydar Ataturk killed 500.000 people in the early republic phase just for wearing Islamic clothing.

[@yusufsaraydar]

@@busbauerr1erwingl17 it is logically impossible to kill 500k people at that time. İt is right that some people who used religion to gain power and abused it for their benefit got hanged. And those people discouraged other people from scientific development and caused many revolts such as the Menemen incident.

[@mahmutkocer7594]

great video, pointed out pretty much everything that is effecting our economy in a negative way, that tea statistic does make you think how much we drink unnecesserily, i also think that th bussiness sector is unregulated, and theres alot of opputunitist in it. the technology in this country does need to improve too because we spend way too much money on technology that could be bought for the half of the price with in other countries, tax is really high on mobile phones, cars and ect.

[@denizthemenace2000]

thank youuuu

[@trislassis]

Great Video...

[@realShikha885]

Comment section gonna be fun

[@gadgetsdekho5855]

When Raven will fly to India?

[@indiancowpissdrinker7151]

Because he wants to be gRAPED

[@burrri]

Bro this video nails it.

[@KamilKopylowski]

cool video - good job

[@kaanaslan3003]

Used to be 15th biggest economy now it’s 20th and about to be left out of G-20.

[@vaibhav3946]

because Asian economies are growing at a very high pace. Look at the growth of China India Malaysia SK etc

[@worldmapping4895]

@@vaibhav3946 ..because turkey is bad at economics? if turkey continues the 8% gdp growth from 2014 till 2020 then the gdp would have been around 1.6 trillion dollars, 11th largest

[@tanzung6560]

@@vaibhav3946 India? they had 1b population, they could make it to the top 3 but even Japan beat India easily. Filipin,Vietnam,Indonesie,and Thai are on the rising.. growing on gdp, gdp per capita, and out of poverty

[@navneetbugalia4835]

@@tanzung6560 what is this logic😂😂 even china had 1 billion population, but they also crossed Japan in 2009. india will cross Japan by this decade. We are obviously a decade behind china. India opened in 1991 while china did in 1978 👍.

[@tanzung6560]

@@navneetbugalia4835 it's fact not logic, reality is India has more ultrarich millionaire that make this even worse, more than 70% of India population living by low income standart.. but y'all keep talking like you overtaken China in anything.. be honest and get out of these bad behaviour

[@joseph2500]

As a Muslim i feel that this video was very objective and unbiased. Well done

[@alpharius7712]

I smashed the like and subscribe button as soon as 5:40 started

[@sundaralakshman]

Very insightful video. I read India is out of Fragile five after 2017. Could you please throw light on this?

[@MeMe-mp3jj]

Will there be any future for agriculture in Turkey and Middle East? Drought induced by climate change is expected to be severe in the Mediterranean, and especially in Anatolia.

[@generalyido]

Well, potatoes. Literally nothng else though.

[@KiLLeR02612]

The future seems very bleak, maybe some waterless or earthless farming techniques can be used but the majority of the farming sector is going to collapse in the 2020s and 2030s,

[@xXx-nm4jw]

Turkey is a beautiful country 😍

[@joseayala2316]

Is it?

[@fwtiosmylonas5201]

Yea i agree indeed greece is a beautiful country

[@alexkataras9135]

@@fwtiosmylonas5201 lmao spot on

[@sonusidhu6879]

Yes sure turkey is beautiful but without Erdogan.

[@Rhyghar]

@@sonusidhu6879 true that guy is sadistic dictator dreaming of bringing Ottoman Empire(sick man of europe) back😂😂

[@gokhantelci]

Accurate analysis

[@zakirzak1494]

I still love Turkish hospitality and the beauty so will still visit and enjoy the beauty and the beauty and more of it !!

[@taylancetin5165]

Very well researched, bravo! I wasn't expecting to hear about Medical Services Tourism and refugees holding numbers. You are doing better than the other competitor channels. Since you talked about it, let me give you the few numbers; Turkey received 1 billion USD from Medical Services Tourism in 2019. Another interesting fact about Turkey's tourism industry is, it has a holiday package, which is 'All inclusive holiday '. It is 26% of the all Turkish Tourism earnings. Which makes 9 billion USD(Total revenue 34,5 billion USD) in 2019. It includes from airport pickup to all the alcohol you can drink at the hotel, from having your own beach to open buffet 3 times a day, from massage to spa. Heavy drinkers love it... (Numbers are taken from Tourism Ministry stats) About refuge numbers, it is quite controversial. Turkey didn't documented the refugees who came here by illegal or legal border crossing. It is pretty much known that ONLY Syrian refugees number in Turkey is more than 5 Million. Even government officials admitted it. It is now a vote losing topic for government, so they don't want to declare the right numbers for refugees. It might be around 7 million but not less than 5 million. In some cities and provinces, for example Hatay(City with 1.6 million population), 55% of the babies born from refugee families.(This number is given by Municipality) Let me also share few data about Turkey's economy. Turkey's biggest exports are; Automotives with 30 billion USD Iron and Steel with 21 billion USD Electronics and Machinery(mostly home appliances) 19 billion USD Finished textile 17 billion USD Agriculture products with 15 billion USD Textile raw materials and Carpets 12 billion USD In rankings, Turkey is 10. biggest Agriculture producer and 13. biggest exporter and 12. country with plantable land size. In some specific products, Turkey's ranking in the world by production; 1. in Hazelnut with 78% of world total production 1. in Apricot, Figs, Cherry and Quince 3. in Cucumber, Lentils, Watermelon 4. in Eggplants, Green beans, Spinach, Olive, Apple and Tomatoes 5. in Peach and Pear 6. in Grape 4. in Sheep production, 9. in total Sheep herd. 3. in Chestnuts and Pistachios 3. in Honey 5. in Wool and 6. in Cotton In 2019, Turkey gave 32 billion USD trade deficit and two biggest trading partner Turkey loses money are; 1. Russia with -18 billion USD (Mostly energy import, hard to avoid) and 2. China with -15 billion USD (Mostly Final Consumer products, easier to avoid) Anyways, keep up the good work!

[@EconomicRaven]

Thank you for the interesting insights!

[@southface6684]

I hope you become like Syria

[@ali.tasmektep]

"shukran" is 100% not Turkish word. We use "Teşekkürler" or "teşekkür ederim"

[@onurelveda]

Sağol is Turkish not tessekur ederim.

[@agustinbarquero8898]

@@onurelveda sağ ol* And btw none of them are Turkish origin. All of them are Turkish words but the origin is something different.

[@dan_p3398]

@@agustinbarquero8898 most of the Turkish language is borrowed from other languages

[@anzi719]

Teşekkür ederim Türkçe değil. Sağ ol Türkçedir.

[@dan_p3398]

@Nadir Hikmet Kuleli Turkic ßtock is Asian first of all ,secondly it's not 80% .....the language is barely 100 years old

[@Ourspark34]

-What went wrong? -*EVERYTHING*

[@trippieredd8253]

Could you tell us if anything happens in 2023? In 2023 the treaty of versailles will be invalid. What does that mean for the economy?

[@istiklalcaddesi]

The real issue is Turkey is no more a democratic secular republic, its rather one man ruled nation. Expressing dissatisfaction against the current government will make you end up in jail with no real substance in terms of law. How can we talk about innovation or young labour force when cost of going to work 5 to 6 times a week in İstanbul isn't viable for many. Minimum wage will not even cover Transport and other costs.

[@Eproex]

The refuges are actually more than 3.7 million. The datas show that Turkey's refuges about 6 million. And its increasing every day. Some neighborhoods has more refuges than turks. The refuges may cause huge corruptions at the future.

[@issith7340]

Erdogan brought refugees in the country as a weapon to blackmail eu. Well now turkey have to deal with the problem that her elected president did. Not other country’s problem.👍

[@aslhanuysak6528]

@@issith7340 it is the worlds problem, or at least it should have been. we are talking about millions of people with trauma, without home and then there is the countries claiming to be humanatarian doing very close to nothing.

[@issith7340]

@@aslhanuysak6528 so what do i care about these countries, or yours? My country had seltherded the most immigrants analogically to its population, from any other, including yours. It’s other countries turn now😁

[@onuraydogan5376]

It was 4.1 m but 400k of them moved back to Syria. Stop inventing numbers out of your ass

[@issith7340]

@@onuraydogan5376 so tell to your president to retreat the turkish army from syria, so that all these poor people go to their home again. You are causing the war in Syria right now, by occupying a part of the country.

[@balixs]

You described my country very well. Everything you said is true. I was very surprised to see that we were better than germany at 11:18.

[@martian9999]

the stat may be a bit iffy because Germany's tertiary education is split into two parts that are not found in so many other countries -- Hochschule/Universität for classical university schooling, and TU/TH for technical studies such as engineering, or even for many architects. I suspect the German statistic only includes the former.

[@qhuizatlantis8484]

Venezuela and Zimbabwe to Turkey: Welcome to the CLUB