Turkey’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, Turkey 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, Turkey 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.

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 225 billion of FDI during the 2003-2020 period.​

FDI Inflows to​ Turkey ​(Cumulative –  USD billion)​

Source: Central Bank of the Republic of Turkey
Sectoral Breakdown of FDI Inflows into Turkey

With finance and manufacturing sectors having attracted the highest amount of investments in Turkey, sectoral breakdown of FDI became significantly diversified in line with Turkey’s 2023 vision of having a higher position in the global value chain.​

Top Sectors (2003-2020)

Source: Central Bank of the Republic of Turkey​

Regional Breakdown of FDI Inflows into Turkey

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 Countries ​(2003-2020)

Source: Central Bank of the Republic of Turkey​

Companies with International Capital

As of end-2020, the number of companies with foreign capital in Turkey hit 73,675, up from 5,600 in 2002.

Number of Companies with International Capital​

Source: Ministry of Industry and Technology​​​​​

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