Speaking at an Istanbul fair Sept. 13, Turkish Industry and Technology Minister Mustafa Varank — a long-time chief adviser to President Recep Tayyip Erdogan before joining the Cabinet after the June elections — lamented that the country was “unfortunately losing its qualified human resources through brain drain.” It was a rather remarkable statement, for such admissions are rare in Turkish government quarters.

Varank’s statement is backed by newly released official statistics that speak of an accelerating, dramatic brain drain that is stripping Turkey of its well-educated youth — the sole strategic asset the country has for any quest of global competitiveness and prosperity. According to migration data released Sept. 6 by the Turkish Statistical Institute, the number of Turks emigrating due to “economic, political, social and cultural” reasons increased 42.5% to reach 253,640 in 2017. More than 42% of those emigrants were aged 25-34, and 57% were from big cities such as Istanbul, Ankara, Antalya, Bursa and Izmir. In other words, roughly half of the those leaving Turkey are young urban people.

The staggering 42.5% increase in emigration last year stems from the political watersheds in 2016 and 2017. The failed coup attempt on July 15, 2016, and the ensuing state of emergency resulted in severe restrictions on rights and freedoms. Then came the April 16, 2017, constitutional referendum, in which an authoritarian presidential regime was narrowly approved. Erdogan’s victory in the June 24 elections, which completed the transition to the new regime, and the ensuing economic downturn are expected to further accelerate the emigration wave.

This gloomy forecast is backed by the findings of a recent survey that polling company Istanbul Economic Research shared with Al-Monitor. The survey, conducted in August among 2,500 respondents across Turkey, asked young people aged 24-35 what investment they would make if they had 5 million Turkish liras ($780,000). Some 10% of respondents said they would start a business abroad; another 8% said they would buy a home abroad. Company director Can Selcuki believes that “the impact of worsening economic conditions on the cost of living and the labor market will increase the young white-collars’ motivation to leave.”