2023 Vision Project of Turkey

2023 Vision Project of Turkey

2023 Vision Project of Turkey was born about 15 years ago when the Turkish government began to change direction. They were not content to be mere background players and wanted global recognition.

Anyone who has followed Turkey could have quickly ignored the goals of the 2023 Vision Project, but over the years, it seems that the country is harvesting the fruits of hard work.

What is the 2023 Vision Project of Turkey?
2023 Vision Project is a set of collective goals that Turkey wants to achieve by the year 2023, the 100th anniversary of the Turkish Republic. The goals focus on the economy, tourism, energy, foreign policy, transport, and health care.

All are essential aspects of society, but together they collectively contribute to the ultimate and most important goal of being one of the most successful economies in the world.

Targets for the Turkish economy by 2023

In order to be one of the top ten economies in the world, Turkey has set smaller goals. Turkey wants to achieve:

– Five percent unemployment.

– 1 trillion USD in foreign trade

– A gross salary of 25,000 USD

– An export industry worth USD 500 billion a year

– A gross domestic product of US$2 trillion

The Turkish economy grew by 6.1% in 2015, 3.2% in 2016, and 7% in 2017. The Economist’s magazine called it one of the most dynamic markets in the G20. The areas currently underachieving are the account deficit, unemployment, and inflation, which the country plans to address as part of the government-approved medium-term program for Turkey from 2018 to 2020.

Foreign policy objectives

Foreign policy is a critical part of the 2023 vision project. EU membership is currently an uncertain issue for Turkey, especially after the UK, with which they have fruitful export and import links, voted for Brexit. It also wishes to play an active role in regional and security issues to maintain economic stability.

The energy sector in 2023 Vision Project

Turkey is entirely dedicated to wind energy, as can be seen on the Aegean coast, where large wind farms have been built in many central districts. They aim to generate a combined 20,000 megawatts from wind energy, and in some areas, they have also ventured into geothermal power plants.

Turks and foreigners who have been living in Turkey for a long time will already have noticed an improvement in efficiency aimed at reducing overall consumption, and three nuclear power plants are also planned.

Health, transport, and tourism

Previously, the Turkish health system was in financial difficulties, and the insecure employment rules allowed many employers to have some flexibility in paying employee health premiums. However, by 2023, Turkey wants every citizen to be actively enrolled in the insurance system, and the number of doctors to be increased to 210 per 100,000 inhabitants.

11.000 kilometers of new railway lines will link up the once weak railway industry and, in turn, contribute to business and freight transport as well as domestic tourism. 15.000 kilometers of new and better-built motorways will also be part of the Belt and Road Initiative project launched by China, in which Turkey is an active participant.

Finally, despite a decline over the last two years, tourism has always been a powerful engine of the Turkish economy. Mass marketing campaigns around the world, as well as the government’s insistence on embracing the power of Internet advertising, have been successful, and the country is already one of the top ten destinations visited in the world.

Overview

The Spectator Index and other foreign financial institutions have designated Turkey as an emerging market for 2018. As economic performance improves year by year, there is a strong chance that the Vision Turkey 2023 plan will be realized and, in so doing, transform the country into a global powerhouse.

Source: https://www.istanbulhomes.com/

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