Türkiye

The world’s 15th largest and Europe’s 6th largest economy, which has been growing by an average of 6.9% per annum over the last 5 years.

• A steadily growing economy for the last 24 quarters

• A thriving country with a GDP increase of 187% over the last 5 years

• The fastest and longest running growth performance in the region

Thanks to prudent fiscal and monetary policies as well as comprehensive structural reforms, economic fundamentals and balance sheets have strengthened considerably in recent years, making the economy much more resilient to adverse shocks.

An established economy triggered by the high amount of FDI, ranking it as the 15th most attractive country for foreign capitol.

FDI in Türkiye has increased ten-fold within a 5 year period.

The highest workforce productivity growth among OECD countries

Unit Labour Costs , Labour Productivity
Average annual growth in percentage, 2000-2006

Türkiye has a total population of 70 million with an averageage of 28.3.

24.7 million active in the labor force

The 4th largest labor force compared to the EU 27

Dedication to work, high productivity and low absenteeism are the main characteristics of the Turkish working culture.

Türkiye’s export has an increase  of 197% in the last five years.

Türkiye’s total foreign trade volume has increased from 87.7 billion USD to 340.9 billion USD in the last 5 years.

THE ECONOMY AND THE PAST

Source:TURKSTAT/ CBRT

An EU Customs Union member since 1996
Engaged in EU accession negotiations