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7.4 billion $ worth of foreign direct investment in Turkey in 2017

  • April 10, 2019
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7.4 billion $ worth of foreign direct investment in Turkey in 2017

According to recent official data, during the past year, Turkey attracted foreign direct investment of $ 7 billion and $ 437 million.

European countries had the largest direct investments in Turkey, with a rise of 2.4 percent compared with 2016, with investments amounting to $ 4 billion and $ 964 million, according to data from the Central Bank of Turkey.

The Asian countries ranked second in terms of direct investments in the European countries in the amount of $ 1 billion and $ 734 million, followed by African countries with direct investment of $ 43 million.

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

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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