Turkish brands like BEKO and Vestel are among the largest producers of consumer electronics and home appliances in Europe.
Esenboa International Airport in Ankara.
Turkey has a large and growing automotive industry, which produced 1,147,110 motor vehicles in 2008, ranking as the 6th largest producer in Europe (behind the United Kingdom and above Italy) and the 15th largest producer in the world. Turkey is also one of the leading shipbuilding nations; in 2007 the country ranked 4th in the world (behind China, South Korea and Japan) in terms of the number of ordered ships, and also 4th in the world (behind Italy, USA and Canada) in terms of the number of ordered mega yachts.
Esenboa International Airport in Ankara.
Turkey's economy is becoming more dependent on industry in major cities, mostly concentrated in the western provinces of the country, and less on agriculture. However, traditional agriculture is still a major pillar of the Turkish economy. In 2010, the agricultural sector accounted for 9% of GDP, while the industrial sector accounted for 26% and the services sector 65%.However, agriculture still accounted for 27% of employment.In 2004, it was estimated that 46% of total disposable income was received by the top of 20% income earners, while the lowest 20% received 6%. According to Eurostat data, Turkish PPS GDP per capita stood at 45 per cent of the EU average in 2008.Turkey has taken advantage of the European Union – Turkey Customs Union, signed in 1995, to increase its industrial production destined for exports, while at the same time benefiting from EU-origin foreign investment into the country. Turkey now has also opportunity of a free trade agreement with the European Union (EU) – without full membership – that allows it to manufacture for tarif-free sale throughout the EU market.