The coastal areas of Turkey bordering the Mediterranean Sea have a temperate Mediterranean climate, with hot, dry summers and mild, wet and cold winters. Conditions can be much harsher in the more arid interior. Mountains close to the coast prevent Mediterranean influences from extending inland, giving the central Anatolian plateau of the interior of Turkey a continental climate with sharply contrasting seasons. Winters on the plateau are especially severe. Temperatures of −30 °C to −40 °C (−22 °F to -40 °F) can occur in the mountainous areas in the east, and snow may lie on the ground 120 days of the year. In the west, winter temperatures average below 1 °C (34 °F). Summers are hot and dry, with temperatures generally above 30 °C (86 °F) in the day. Annual precipitation averages about 400 millimetres (15 in), with actual amounts determined by elevation. The driest regions are the Konya plain and the Malatya plain, where annual rainfall frequently is less than 300 millimetres (12 in). May is generally the wettest month, whereas July and August are the most dry
Turkey is a transcontinental Eurasian country. Asian Turkey (made up largely of Anatolia), which includes 97% of the country, is separated from European Turkey by the Bosporus, the Sea of Marmara, and the Dardanelles
(which together form a water link between the Black Sea and the Mediterranean). European Turkey (eastern Thrace or Rumelia in the Balkan peninsula) includes 3% of the country.
The territory of Turkey is more than 1,600 kilometres (1,000 mi) long and 800 km (500 mi) wide, with a roughly rectangular shape. Turkey's area, inclusive of lakes, occupies 783,562 square kilometres (300,948 sq mi), of which 755,688 square kilometres (291,773 sq mi) are in Southwest Asia and 23,764 square kilometres (9,174 sq mi) in Europe. Turkey's area makes it the world's 37th-largest country, and is about the size of Metropolitan France and the United Kingdom combined. Turkey is encircled by seas on three sides: the Aegean Sea to the west, the Black Sea to the north and the Mediterranean Sea to the south. Turkey also contains the Sea of Marmara in the northwest.
Turkey is a founding member of the OECD and the G-20 major economies. For most of its republican history, Turkey has adhered to a quasi-statist approach, with strict government controls over private sector participation, foreign trade, and foreign direct investment. However, during the 1980s, Turkey began a series of reforms, initiated by Prime Minister Turgut Özal and designed to shift the economy from a statist, insulated system to a more private-sector, market-based model. The reforms spurred rapid growth, but this growth was punctuated by sharp recessions and financial crises in 1994, 1999 (following the earthquake of that year), and 2001, resulting in an average of 4% GDP growth per annum between 1981 and 2003. Lack of additional reforms, combined with large and growing public sector deficits and widespread corruption, resulted in high inflation, a weak banking sector and increased macroeconomic volatility.