Turkey At a Glance

• Institutionalized economy fueled by USD 110 billion of FDI in the past nine years and 13th most attractive FDI destination in the world (2012 A.T. Kearney FDI Confidence Index)
• 16th largest economy in the world and 5th largest economy compared with EU countries in 2011 (GDP at PPP, IMF-WEO).
• Robust economic growth over the last nine years with an average annual real GDP growth of 5.2 percent.
• GDP reached USD 772 billion in 2011, up from USD 231 billion in 2002.
• Sound economic policies with tight fiscal discipline.
• Turkey has seen steady growth in its economy over the last eight years.
• Strong financial structure resilient to the global financial crisis.
• Rapid recovery from the global financial crisis.

Turkey has been one of the world’s major trade hubs throughout the centuries. Today, along with the accelerated growth of Turkish economy in recent years, Istanbul and its surrounding region promises tremendous values and opportunities for global businesses who are interested in doing or expanding their businesses in this region.

Turkey has seen steady growth in its economy over the last eight years. A sound macroeconomic strategy combined with fiscal policies that are prudential and major structural reforms since 2002 has integrated the Turkish economy into the globalized world, while transforming the country into one of the major players in the world league.

The exports are grown significantly, USD 135 billion by the end of 2011, up from USD 36 billion in 2002, which give the country’s economy a huge boost, marking the most dynamic period in recent history.

While many economies have been unable to recover from the recent global financial recession, the Turkish economy grew by 9.2 percent in 2010, and 8.5 percent in 2011, standing out as the fastest growing economy in Europe, and one of the fastest growing economies in the world.

• 74 million inhabitants
• 2 / 3 of the population is under 35
• 70% urban (12 cities with over one million inhabitants)

• GDP (Total): US$ 772.3 billion in 2011 ($735.8 in 2010, $616.7 in 2009)
• GDP: purchasing power parity US$ 960.5 billion (2010 est.) (was $551.6 billion in 2005 est.)
• GDP growth rate: 8,5% in 2011 (8.9% in 2010, 10.7% in 2006)
• GDP per capita: US$ 10.444 in 2011 (US$ 15,079 in 2010, US$ 13,710 in 2009, US$ 5,482 in 2006)
• GDP composition by sector:
agriculture: 9.7%
industry: 26.8%
manufacturing: 22.2%
services: 63.5% (2006)
• (Consumer prices): 94% (1995), 90% (1997), 75% (1998), 68% (1999), 45% (2000), 90% (2001), 31% (2002), 11% (2004), 7.72% (2005), 5.9% (2007), 6.4% (2010), 10.45% (2011)
• Investment (gross fixed): 15.5% of GDP (2004 est.)
• Population below poverty line: 16,9% in 2010 (17.1% in 2009, 20.5% in 2007, 20% in 2005, 18% in 2001)
• Household income or consumption by percentage share: 70.7% of GDP (2006)
lowest 20%: 5.6%
highest 20%: 47.6% (2009)
• Distribution of family income: 44% (2002)
• Labor force: 25.6 million in 2010 (24.7 million in 2009)
by occupation: agriculture 35.9%, services 22.8%, industry 41.2% (2004)