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 fDi Markets, Turkey became the 7th most popular FDI destination in Europe in 2019. The country was home to 211 projects, enjoying a 3.5 percent share in all FDI projects across Europe.
FDI Inflows to Turkey
Up until 2002, total FDI into Turkey stood only at USD 15 billion while the country has since attracted around USD 217 billion of FDI during the 2003-2019 period.
FDI Inflows to Turkey (Cumulative – USD billion)
Source: Central Bank of the Republic of Turkey
FDI Inflows to Turkey by Sector
During the past 17 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.
Top Sectors
Source: Central Bank of the Republic of Turkey
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 17 years while the share of Asia has been noticeably on the rise.
Top Investors
Source: Central Bank of the Republic of Turkey
Companies with International Capital
As of end-2019, the number of companies with foreign capital in Turkey hit 74,227, up from 5,600 in 2002.
Number of Companies with International Capital
Source: Ministry of Industry and Technology
