Türkiye’s impressive growth performance and structural reforms implemented over the past decade and a half have landed it on the radar of many international investors. According to FDI Markets, Türkiye became the 9th most popular FDI destination with 160 projects in overall Europe in 2020, retaining its ranking in 2019, while increasing its share in overall Europe from 3 percent in 2019 to 3.1 percent in 2020, despite the severe effects of Covid-19. In addition, within its peer countries in emerging Europe, Türkiye was ranked as the 2nd most popular FDI destination after Poland, with a 16 percent share in 2020, up from the 3rd spot in 2019.
Up until 2002, total FDI into Türkiye stood only at USD 15 billion, while the country has since attracted around USD 225 billion of FDI during the 2003-2020 period.
Source: Central Bank of the Republic of Türkiye
Sectoral Breakdown of FDI Inflows into Türkiye
Top Sectors (2003-2020)
Source: Central Bank of the Republic of Türkiye
Regional Breakdown of FDI Inflows into Türkiye
The majority of FDI inflows to Türkiye have originated from Europe, North America, and the Gulf countries during the past 17 years, while the share of Asia has been noticeably on the rise.
Top Countries (2003-2020)
Source: Central Bank of the Republic of Türkiye
As of end-2020, the number of companies with foreign capital in Türkiye hit 73,675, up from 5,600 in 2002. In our province, there are 22 foreign companies from 10 countries.
Source: Ministry of Industry and Technology
Source: www.invest.gov.tr
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