• 22 Mar 2021
  • First Publish (not set)
  • Turkey
  • 2741
Turkey attracts $ 7.4 billion in direct foreign investment in 2017

Turkey has attracted foreign direct investment of $ 7 billion and 437 million dollars, according to the official data of the year 207.

According to the data of the Central Bank of Turkey, the European countries were the largest direct investment in Turkey last year, $ 4 billion and 964 million dollars.

Direct European investment in Turkey last year was 2.4 percent higher than the 2016 figure, with an increase of $ 114 million.

During the same period, the direct investment of Asian countries in Turkey, which is second only to Europe, recorded $ 734 million.

The investments of the American continent in Turkey last year amounted to 214 million dollars.

From Africa continent, Turkey attracted direct investment of $ 43 million last year, as well as investments of $ 459 million from Oceania and $ 23 million from non-classified countries.

Turkey has seen rising figures in its macroeconomic and microeconomic indicators, and global credit rating agencies have raised the country's rating and economy.

The Netherlands, which for years has been the top country for direct investment in Turkey, also maintained its lead last year.

Dutch investments in Turkey last year amounted to $ 768 million, equivalent to 23.8 percent of total direct investment in Turkey in 2017.

With this figure, the Netherlands alone, Asia, Oceania, America and Africa, have surpassed direct investments in Turkey.

Spain ranked second with the Netherlands, with $ 451 million, Azerbaijan with $ 3 billion and $ 9 million, Australia with fourth with $ 459 million

Finland, Georgia, Lebanon, Bulgaria, Egypt, Slovenia, Slovakia, Russia, Kazakhstan, Bahrain, Taiwan, India and Saudi Arabia. Their direct investment in Turkey remained below $ 10 million.

Given the value of increases in direct investments in Turkey last year, Spain came first, with an increase of $ 133.1 million, while the Netherlands came again with $ 744 million.

Australia recorded a significant jump in its direct investments in Turkey, rising from $ 24 million in 2016 to $ 459 million in 2017,

Direct British investments in Turkey have dropped by $ 650 million; Qatari investments have dropped by $ 320 million and the Swiss by $ 287 million.

Last year, the Turkish export market improved, with exports increasing by 10.2 percent to $ 157 billion and $ 55 million, compared to 2016.

Tourism revenues rose by 18.9 percent in 2017 compared to the previous year, with revenues of $ 26.28 billion.


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