TURKISH ECONOMY ISTANBUL ISTANBUL HELSINKI 1
TURKEY MER DE L’EST DE L’EST President Dr. Abdullah GÜL Prime Minister Mr. Recep Tayyip ERDOGAN Political Regime Parliamentary republic Capital Ankara GDP total € billion Main cities Istanbul, Izmir, Bursa, Adana 2
MAIN ECONOMIC INDICATORS Statistics( 2010) Turkey trends Population 78,785,548 Land area (km²) 783,562 Density (hab/km²) 94 GDP billion $ (PPP) 960 Growth 8.2% Pop active 25,640,000 Unemployment rate 12.0 Inflation rate 8.6 Foreign Trade Exports billion $ 121.0 Imports billion $ 177.3 Finance Investment rate 18.7% Public debt 42.8% Official currency Lira (TL) Exchange rate 1 $ = 1.78 TL Source : CIA World Factbook 3
8 REASONS TO GO TO TURKEY Large and growing Happy-to-spend market, one of the consumers “Next-11” Open and attractive Large and effective market workforce Easy to reach Gateway to nearby countries (e.g. Iraq) Strategic location between Europe and the Middle East Competitive corporate tax regime 4
DID YOU KNOW THAT… ... Turkey has been in a customs union with the EU since 1995? ... Turkey is one of the largest producers of TV sets in Europe and the Middle East? Europe and the Middle East? ... Turkey has some of the largest bus, van and truck (lorry) manufacturing companies in the world? ... Istanbul’s Atatürk Airport is the 2nd busiest one in the Middle East (after Dubai)? 5
TURKEY, BUSINESS OUTLOOK Export commodities - Export commodities - partners partners Import commodities Import commodities - - partners partners Machinery, chemicals, semi-finished Apparel, foodstuffs, textiles, metal goods, fuels, transport equipment manufactures, transport equipment Russia 13.8%, Germany 10%, China 9%, Germany 9.6%, France 6.1%, UK US 6.1%, Italy 5.4%, France 5% 5.8%, Italy 5.8%, Iraq 5% Export Export – – Import revenues Import revenues Main industries Main industries Textiles, food processing, autos, electronics, mining (coal, Exports $121.0 billion chromate, copper, boron), steel, petroleum, construction, lumber, Imports $177.3 billion paper 6
TURKEY, MAIN SECTORS & COMPANIES Commercial vehicles Commercial vehicles Metals Metals Auto parts Auto parts Electronics Electronics Food Food Textile and clothing Textile and clothing Chemicals Chemicals 7
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