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Turkey Attracts $497 Million in Foreign Direct Investment

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According to the International Investors Association (YASED) bulletin, Turkey received $497 million in foreign direct investment in August. Following the announcement of the Central Bank of the Republic of Turkey’s Balance of Payments Statistics, YASED published the bulletin “International Direct Investments in Numbers.” Official data shows that the total Foreign Direct Investment (FDI) amount to Turkey in the first 8 months of the year was recorded as $6.41 billion. While there was a 2% decrease compared to the same period in 2023, the total value of FDI inflows to Turkey since 2002 has approached $270 billion. In August of this year, FDI inflows to Turkey amounted to $497 million, with $283 million of these investments in the form of equity capital. Of the total FDI in August, $201 million came from real estate sales to foreign nationals, while $35 million was recorded through borrowing instruments. The downward impact of investment liquidations at $22 million in the same month is noteworthy. In the equity capital inflows of $283 million in August, wholesale and retail trade took a 16% share with a $46 million investment. The food, beverage, and tobacco products manufacturing industry, with an above-average performance compared to cumulative performance, accounted for 16% of the equity capital inflows in the same period. EUROPEAN UNION COUNTRIES HOLD 54% SHARE Those EU countries that held a 59% share from 2002 to 2023 claimed a 54% share in August. In the same month, other European countries not part of the EU became the second-largest region investing in Turkey with a 16% share. In August 2024, Germany had the largest share at 22%, followed by Switzerland at 11%, the Netherlands at 10%, the US at 9%, France at 9%, Luxembourg at 8%, and Taiwan at 7%. When evaluating the total of the first 8 months of the year, the top three countries investing in Turkey were the Netherlands with a 20% share, Germany with 15%, and the US with 13%.

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