27 July 2017 Investment

The economic factors that led Turkey to become a global economic power:

  • GDP growth continued over the previous years, with World Bank statistics showing that Turkish GDP grew from 2% to 4% over the past 10 years, surpassing many of the economies of European countries.
  • Increase the per capita income reaching a distinct increase to $ 10,500 last year, while reaching only $ 3,000 in 2001.
  • Turkey is an advanced industrial country in both heavy and light industries; in addition to being an agricultural country with a rich nature, raw resources, and active and qualified manpower at all levels. This has enabled Turkey to increase its exports exponentially over the last 10 years, to reach $ 158 billion in 2016.
  • Concentration focus on infrastructure projects. Many residential areas throughout Turkey have been developed in addition to modernization of power supply networks to deal with various urban developments, as well as the development of public transport network, from 7 million vehicles to more than 19 million in a few years. While tunnels increased from 50 tunnels in 2003 to 188 tunnels, like the famous Eurasia Tunnel, as well as modern bridges such as the Bosphorus Bridge, Sultan Selim Bridge in Istanbul and the Ghazi Osman Bridge in Yalova.
  • The year-round tourism boom in Turkey for all kinds and names of tourism, including medical tourism, which attracts tourists from all over the world. Turkey's geographical locations, diverse landscapes, and climate, as well as cultural and historical heritage, make it a destination for tourists with different orientations. More than 15 million tourists visit Turkey, while tourism accounts for 21% of total world tourism.

All these achievements are due to the successful economic policies of the Turkish state, which makes Turkey one of the most developed countries.

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