Key Figures

Chief of State:
President Recep Tayyip Erdogan
Head of Government:
Prime Minister Binali Yildirim

Overview

Government Name:
Republic of Turkey
Constitution:
Adopted: 1982; Establishes the organization of the government, sets out the principles and rules of the state's conduct, and outlines the responsibilities the state towards its citizens. In addition, the document establishes the rights and responsibilities of the people while also setting guidelines for the delegation and exercise of sovereignty that belongs to the people of Turkey.
Government Type:
Republican Parliamentary Democracy
Republic of Turkey Flag
Coat of Arms of Republic of Turkey

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2018)

Country Risk Rating

B
Political and economic uncertainties and an occasionally difficult business environment can affect corporate payment behavior. Corporate default probability is appreciable. Source: Coface (2018)

Government Branches

Main Powers Election Process Election Cycle 1
Executive

Limited powers and abdicates party membership upon election, appoints the prime minister and has the power to summon sessions of the TGNA, promulgate laws, and ratify international treaties.

President is elected by absolute majority vote through a two-round system, while prime minister is appointed by the president.

5 years

Judicial

Examines the constitutionality of laws and other government actions.

Appointed by president.

Mandatory retirement age of 65

Legislative

Writes legislation, supervises the Council of Ministers, and adopts the budget.

Grand National Assembly of Turkey (Türkiye Büyük Millet Meclisi) members are elected through a closed-list proportional representation system.

4 years

Regional Trade Blocs

No Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Revenue Administration
Tax Name:
VAT

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/