According to publisher estimates, mining, manufacturing and utilities activities contributed 30.2% towards GVA, followed by wholesale, retail and hotels activities (26.7%), and financial intermediation, real estate and business activities (12.6%) in 2022. The three sectors are forecast to grow by 48%, 44.2%, and 44.9%, respectively, in 2023.
Five major cities in Turkey generated around 52.8% of the country's GDP in 2022 and were home to 37.4% of the country's population in 2022
Five major cities in Turkey generated around 52.8% of the country's GDP in 2022 and were home to 37.4% of the country's population in 2022
Key Highlights
The XU100 Index exhibited an upward trend over past year. As of June 26, 2023, the Index stood at 5,72,618, compared to 255,408 on June 26, 2022.Scope
- In April 2022, the Turkish government unveiled a 30-year infrastructure strategy, in which it aims to invest $197.9 billion in rail, road, air, and maritime infrastructure
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country's snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies' presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 1: Turkey's performance in country risk analysis in comparison to East Europe and World average
Exhibit 2: Performance overview (score: 1-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: Turkey’s Stock Exchange Index - XU100 Index (June 2022 - June 2023)
Exhibit 5: Turkey exchange rate (June 2022 - June 2023)
Exhibit 6: Key sectors’ contribution to the economy
Exhibit 7: FDI inflows and FDI by sector (Q1 2022-Q2 2023)
Exhibit 8: FDI inflows by country and FDI inflows share by region (Q1 2022-Q2 2023)
Exhibit 9: Key infrastructure indicators
Exhibit 10: Real GDP and household consumption growth rate (2018-25f)
Exhibit 11: Real GDP growth rate comparison (2022)
Exhibit 12: Exports and imports growth (2018-25f)
Exhibit 13: Current account balance (2018-25f)
Exhibit 14: Top three commodity exports, % of total exports (2019-22)
Exhibit 15: Vehicles other than railway or tramway rolling stock, and parts and accessories thereof, % share of the world’s total (2022)
Exhibit 16: Interest rates (June 2018 - June 2023)
Exhibit 17: Exchange rate and inflation (2018-25f)
Exhibit 18: General government net lending/borrowing (2018-25f)
Exhibit 19: General government debt (2018-25f)
Exhibit 20: Employed population and unemployment rate (2018-25f)
Exhibit 21: Average annual wages (2018-25f)
Exhibit 22: Labor index cost (2018-25f)
Exhibit 23: Rural-urban share of total population (1995, 2005, 2015, 2025)
Exhibit 24: Age-group share of total population (1995, 2005, 2015, 2025)
Exhibit 25: Gender split (1995, 2005, 2015, 2025)
Exhibit 26: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
Exhibit 27: Number of patents granted per million population (2021)
Exhibit 28: High technology exports, % of manufactured exports (2021)
Exhibit 29: Rule of law (rankings), 2022
Exhibit 30: Corruption perceptions index (rankings) (2022)
Exhibit 31: Renewable energy capacity (2018-22)
Exhibit 32: CO2 emissions (2017-21)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Turkish Airlines
- Nirvana
- AKBank
