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Price ceilings and price floors (article) | Khan Academy

                                               
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Turkey Government Scholarships 2025 (Fully Funded

                                               
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Republic of Türkiye Ministry of Foreign Affairs

                                               
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  • How much money does Türkiye spend on defense?
  • These figures increased from $8.5 billion and $2.3 billion in 2021, respectively. Total military and aerospace exports have increased fivefold from $853 million in 2010 to $4.4 billion in 2022. Türkiye has devoted a large proportion of its national budget to defense 3.
  • Do military expenditures affect growth per capita GDP in Türkiye?
  • In a similar vein, military expenditures were found 25 to have a significant negative effect on growth per capita GDP in Türkiye with business cycles of 16 years or more. In 2020, the Turkish defense expenditures were reported at 2.4 % of GDP, whereas the armed forces personnel represented 1.6% of total labor force 26.
  • What percentage of Turkish military equipment is supplied by the military?
  • In 2004, only 20 percent of the military’s equipment and weaponry was supplied by the Turkish defense industry. The figure increased to 80 percent 16 in 2023. In April 2023, Türkiye launched the largest warship, TCG Anadolu 17, which is the world’s first ship to carry armed drones.
  • Does Türkiye have full autonomy in the defense sector?
  • Even though Türkiye has not achieved full autonomy in the defense sector, Türkiye’s success in reducing dependency on foreign suppliers from 80% to 20% might increase the country’s national security and lead to cost savings.
  • How much will Turkey spend on defense in 2025?
  • In the 2020 fiscal year, the defense expenditures peaked at a total of $14.8 billion, which was a 6.5% increase compared to the previous year. This growth is expected to steadily continue as the Turkish budget is estimated to rise to $17.5 billion by 2025 with a compound annual growth rate (CAGR) of 3.83% 27.
  • Does Türkiye have a defense sector?
  • In the last two decades, Türkiye’s defense sector has expanded and modernized significantly, with a substantial rise in the percentage of needs of the TAF being met by domestic defense companies. Despite this development, in 2021, Türkiye’s share in the global arms market was below 1 percent 37.