Turkey’s economic growth rate for 2021 is 4% and 5% for 2022 and is amongst one of the largest economies in the world. In 2018, according to the Central Bank of Turkey, 6 billion 534 million dollars inflows occurred in foreign direct investment, and international direct investment capital inflows increased by 115 % from Asian countries.
Turkey attracts USD 15 Billion as foreign investment, and in the last decade, the Turkish economy was fueled by 144 billion USD. Within the next 20 years, 6.5 million residential units in Turkey are expected to be renewed, opening the way for the sector of $400 billion to be formed.
Turkey’s purchasing power parity is expected to be the world’s 12th largest economy in 2030 and 11th largest in 2050. Turkey’s cities, having high investment opportunities, are Ankara, Izmir, Antalya, Bursa, Kocaeli, and Mersin.
The number of tourists is expected to increase by 50 million this year, increasing the tourism revenue by 35 billion dollars. Turkey has stable economic growth with an annual real GDP growth rate of 5.6%.
Turkey has a promising future with its bright economy and is expected to become the fastest-growing economy among the OECD members during 2017-2020, with an average annual real GDP growth rate of 5.4%.
Turkey, after Germany and Italy, is the third-largest exporter of textiles in the world. And it is one of the biggest producers of agricultural products, clothing, chemical, motor vehicles, ships, transportation equipment, food, construction materials, and consumer electronics.
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