Foreign Direct Investment in Turkey – The Numbers
- written by Dayslegal
- Feb 18, 2019
- 1 min read
Updated: May 30, 2019
Turkey’s impressive growth performance and structural reforms implemented over the past decade have landed it on the radar of many international investors.
According to EY Attractiveness Survey Europe, Turkey became the 7th most popular FDI destination in Europe in 2017, up 3 places from 2016. The country was home to 229 projects, up 66 percent year-on-year, and enjoyed a 3 percent share in all FDI projects across Europe.
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FDI Inflows to Turkey (Cumulative - USD billion)
Up until 2002, total FDI into Turkey stood only at USD 15 billion, while the country has since attracted around USD 193 billion of FDI during the 2003-2017 period.
FDI Inflows to Turkey by Sector
During the past 15 years, the finance and manufacturing sectors have attracted the highest amount of FDI in Turkey, with sectors of interest becoming significantly diversified in line with Turkey’s 2023 vision of having a higher position in the global value chain.
FDI Inflows to Turkey by Country
The majority of FDI inflows to Turkey have originated from Europe, North America, and the Gulf countries during the past 15 years, while the share of Asia has been noticeably on the rise.
Companies with International Capital
As of end-2017, the number of companies with foreign capital in Turkey hit 58,400, up from 5,600 in 2002.
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