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These include New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, and Christmas. Businesses often close or grant paid time off for New Year's Eve, Christmas Eve, and the Day after Thanksgiving, but none of these are federal holidays. Other federal holidays are less widely observed by businesses.
The country's economy ranked as the 18th-largest in the world and 8th-largest in Europe by nominal GDP in 2023. It also ranked as the 11th-largest in the world and 5th-largest in Europe by PPP in 2023. According to the IMF, as of 2022, Turkey had an upper-middle income, mixed-market, emerging economy. [ 33]
Christianity in Turkey has a long history dating back to the early origins of Christianity in Asia Minor during the 1st century AD. In modern times the percentage of Christians in Turkey has declined from 20 to 25 percent in 1914 to 3–5.5 percent in 1927, to 0.3–0.4%, [3] [4] roughly translating to 200,000–320,000 devotees. [5]
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The Turkish lira, the French livre (until 1794), the Italian lira (until 2002), Lebanese pound and the pound unit of account in sterling (a translation of the Latin libra; the word "pound" as a unit of weight is still abbreviated as "lb.") are the modern descendants of the ancient currency. The lira was introduced as the main unit of account in ...
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