Foreign Direct Investment (FDI) is a key component of the Turkish economy, driving growth in employment, exports, and R&D. In 2021, FDI companies provided direct employment to 1.3 million people, up from 0.5 million in 2006, accounting for 8.8% of private sector employment. These companies also contribute 31% to Türkiye’s exports,with a significant 61% share in medium-high and high-tech industries. The export value has grown from USD 25.3 billion in 2006 to USD 63.1 billion in 2021. FDI companies have a strong commitment to local integration, with a 71.8% local content ratio. They also account for 30.3% of private sector R&D expenditures and have been major drivers of innovation, with an average of 730 patent applications annually from 2010 to 2020. Türkiye continues to be a dynamic hub for international investors, fostering innovation, growth, and global integration.
Source: linkedin
