FDI inflows to Türkiye totaled USD 13 billion in 2022. With this performance, Türkiye has once again proven to be resilient against challenges while also demonstrating that it is a safe haven with robust economic fundamentals.
According to the 12-month FDI data for 2022, the country that invested the most in Türkiye in this period was Spain with USD 1.6 billion. The Netherlands took the second place with an investment of USD 863 million, and Switzerland came in third with USD 737 million.
Looking at the sectoral breakdown, finance and insurance activities attracted the most FDI, accounting for a 28 percent share, while wholesale/retail trade came in second with 25 percent. The manufacturing industry ranked third with a 24 percent share in total FDI inflows.
Commenting on the 2022 FDI figures, Investment Office President A. Burak Dağlıoğlu stated that Türkiye positively stood out in 2022 despite post-pandemic vulnerabilities and risks to FDI globally. “Our investment environment has remained a safe haven thanks to the steps taken by our President and successful economic policies put in place to counter such developments as the Ukraine-Russia war, which sent ripples around the world," Dağlıoğlu said.
The Investment Office President further stated that global FDI inflows decreased 30 percent in the second quarter of 2022 compared to the previous quarter, and a slowdown was predicted for the entire year according to United Nations Conference on Trade and Development (UNCTAD). “When we look at FDI inflows in Türkiye, we see a slowdown that remains limited to 2 percent in the whole of 2022 compared to the previous year," Dağlıoğlu added.
Dağlıoğlu also revealed that investments in technology entrepreneurship in Türkiye continue their uptrend. “While a downtrend was observed in technology investments worldwide in 2022, seed, early-stage, and advanced technology startups in Türkiye received a total investment of USD 1.5 billion in 208 transactions in the first three quarters of 2022.
Considering that there are 99 different international investors, 61 of whom are injecting investments in a Turkish startup for the first time, it is safe to say that international investor confidence in Türkiye continues to thrive," Dağlıoğlu was quoted as saying.