The 2023 vision was a set of goals released by the administration of Prime Minister (now President) Recep Tayyip Erdoğan in 2010 and 2011, to coincide with the centenary of the Republic of Turkey in 2023.
Elements of the 2023 vision Economy Become one of the top ten world economies by 2023. Gross domestic product of $1 trillion by 2014 (Assessment: $0.934 trillion in 2014) and of $2 trillion. Per capita income of $25,000. Increase annual Turkish exports to $500 billion. Foreign trade volume of $1 trillion. Increase the employment rate by 10 points to a working population of 30 million. Reduce the unemployment rate to 5 percent. Addition of income through applying duty on ocean trade through Straits of Bosphorus and Dardanelles.
Progress on economic goals Policy 2009 2011 2014 2016 2018 2021 2022 2023 2023 Target Top ten world economies (GDP) 17th 18th 16th 17th 19th 20th 19th 18th 10th Top ten world economies (GDP PPP) 16th 15th 14th 14th 14th 14th 12th 12th 10th Gross domestic product (GDP) $0.651 trillion $0.838 trillion $0.940 trillion $0.869 trillion $0.798 trillion $0.808 trillion $0.906 trillion $1.130 trillion $2.00 trillion Gross domestic product (GDP PPP) $1.18 trillion $1.47 trillion $1.85 trillion $2,07 trillion $2.30 trillion $2.66 trillion $3.00 trillion $3.28 trillion $2.00 trillion Per capita income (GDP) $9,044 $11,289 $12,178 $10,964 $9,799 $9,601 $10,659 $13,244 $25,000 Per capita income (GDP PPP) $16,423 $19,853 $24,006 $26,101 $28,299 $31,638 $35,418 $38,412 $25,000 Annual exports $102 billion $135 billion $166 billion $149 billion $177 billion $225 billion $254 billion $255 billion $500 billion Foreign trade volume $0,24 trillion $0,38 trillion $0,42 trillion $0,35 trillion $0,41 trillion $0,50 trillion $0,62 trillion $0,62 trillion $1,00 trillion Employment rate 21.3 million 24.1 million 25.9 million 27.2 million 28.7 million 28.8 million 31.2 million 34.9 million 30 million Unemployment rate 13.1% 9.1% 9.9% 10.9% 11.0% 10.6% 10.2% 9,4% 5%
Energy
Build 20,000 Megawatt installed capacity of wind energy and 600 Megawatt installed capacity of geothermal energy Reduce energy consumption to 20 percent below 2010 levels through improved efficiency Three operating nuclear power plants and those plants are expected to have an installed capacity of 14,700 Megawatt.
Foreign policy Turkey's foreign-policy objectives and vision as articulated by former Prime Minister Ahmet Davutoğlu:
In 2016, President Erdoğan called for a referendum after Britain's decision on leaving the European Union.
Health care 100 percent participation in health insurance systems Raise the number of physicians per 100,000 people to 210 physicians (185 currently)
Transport
Build 11 thousand kilometers of new railway and expand the high-speed train network Build 15 thousand kilometers of divided highway Grow ports to number among world's 10 largest Domestically produced airplanes, unmanned aerial vehicles and satellite
Tourism Be the fifth largest tourist destination Host 50 million visitors Obtain US$50 billion of tourism revenue
Progress on tourism goals Policy 2009 2011 2014 2016 2018 2019 2021 2022 2023 2023 Target Fifth largest tourist destination 6th 6th 6th 10th 6th 6th 3rd 4th 5th 5th Amount of tourist visitors 27,3 million 31,3 million 36,8 million 25,3 million 45.8 million 51.2 million 29.9 million 50.5 million 55.2 million 50,0 million Tourism revenue $25,1 billion $28,1 billion $34,3 billion $22,1 billion $29,5 billion $42,4 billion $24,5 billion $41,2 billion 49,5 billion $50,0 billion
Effects on the progress of 2023 vision 2016 Turkish coup d'état attempt On the summer of 2016, a coup d'état was attempted in Turkey against state institutions, including the government and President Recep Tayyip Erdoğan. The attempt was carried out by a faction within the Turkish Armed Forces that organized themselves as the Peace at Home Council. They attempted to seize control of several key places in Ankara, Istanbul, and elsewhere, but failed to do so after forces loyal to the state defeated them.
During the coup, over 300 people were killed and more than 2,100 were injured. Many government buildings, including the Turkish Parliament and the Presidential Palace, were bombed from the air. Mass arrests followed, with at least 40,000 detained, including at least 10,000 soldiers and 2,745 judges. A significant amount of tourists cancelled their trip to Turkey.
2018 Turkish currency and debt crisis The Turkish currency was characterized by a plunging value of the Turkish lira, high inflation, rising borrowing costs and corresponding loan defaults. In 2018, the lira's exchange rate accelerated deterioration, reaching a level of US$4.5/TRY by mid-May. Among economists, the accelerating loss of value was generally attributed to Recep Tayyip Erdoğan preventing the Central Bank of the Republic of Turkey from making the necessary interest rate adjustments. Erdogan, who claimed interest rates beyond his control to be "the mother and father of all evil", said that "the central bank can't take this independence and set aside the signals given by the president."
COVID-19 pandemic The global COVID-19 pandemic triggered severe social and economic disruption around the world, including the largest global recession since the Great Depression. Governmental interventions, including travel restrictions and lockdowns, had a major effect on the economic and tourism goals.
2022 Russian invasion of Ukraine Turkey's economic policy has received significant setbacks as a result of the 2022 Russia's invasion of Ukraine, with gasoline price rising, canceled vacation bookings and textile purchases, and worries of food shortages. In the previous years, Turkey received the most tourists from Russia.
References
External links Full Text of Prime Minister Erdogan's speech Tourism Strategy of Turkey by Ministry of Culture and Tourism Industry Strategy Document by Ministry of Industry and Trade