Key Competitive Attractions
Turkey is strategically positioned on the East-West and North-South axes of Europe, offering cost-effective and efficient access to 1.5 billion customers in Europe, Eurasia, North Africa and the Middle East, with a combined GDP of $22 trillion.
Key Economic Indicators:
- GDP growth from $230 billion in 2002 to $618 billion in 2009, with an average annual increase of 4.3%.
- World’s 16th biggest economy, and the 6th biggest in the EU (2009).
- FDI exceeding $83 billion between 2002 and 2009
- Ranked world’s 15th most attractive FDI destination 2008-2010 (UNCTAD).
- Projected to become the fastest-growing economy of OECD countries between 2011 and 2017, with an average annual GDP growth rate of 6.7%.
Labour:
- A workforce exceeding 24.7 million young, highly-educated professionals.
- Steady increase in productivity between 2002 and 2009, with an average annual rate of 4.4%.
- The EU’s 5th biggest labour force
- 150 universities produce 450,000 graduates annually
- 1/3 of the 550,000 high school graduates are from technical and vocational schools.
Key Competitive Attractions:
- Dynamic private sector, which expanded by 183% between 2002 and 2009, with exports totalling $102 billion.
- 23,000 enterprises with international capital
- Low taxes
- Free Trade Agreements (FTA) with 16 countries
- Further FTA’s undergoing negotiations, including membership into the EU
- 30 million internet users (2009)
- 63 million GSM users in 2009 – a three-fold increase in 7 years
- 85 million annual airline passengers
- 27.3 million international visitors in 2009, (100% increase on 2002 at 13 million)
Infrastructure:
- Modern infrastructure for technology, transport, telecommunications and energy.
- Highly-developed, cost-efficient freight ports
- Excellent rail links to Central and Eastern Europe
- Capacity to transport 121 million tons of oil to global markets annually, which will increase to 221 million tons of oil and 43 billion cubed metres of natural gas upon completion of current projects.
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