Netherlands, U.S., and Germany Lead as Top Investors, With Wholesale, Retail, and Financial Sectors Dominating Investment Activity
In the first six months of 2024, Turkiye secured $4.7 billion in foreign direct investment (FDI), despite a slight 5% decrease compared to the same period in 2023. The primary sources of this capital influx were the Netherlands, the United States, Germany, Ireland, Norway, and the United Kingdom.
According to the latest report by the International Investors Association (YASED), based on Turkiye’s Central Bank Balance of Payments data, these investments accounted for 28% of the country’s current account deficit in the same period.
Out of the total FDI, $2.8 billion was in the form of investment capital, $1.5 billion came from property sales to foreign nationals, and $754 million from debt instruments. The wholesale, retail, and financial sectors were the largest recipients, with the wholesale and retail sector alone capturing 23% of the investment.
Europe continues to be a significant investor in Turkiye, with EU countries contributing 51% of total FDI during this period. The Netherlands emerged as the top individual investor, followed by the U.S. and Germany.
Source: AA / Prepared by Irem Yildiz