1. SUCCESSFUL ECONOMY
- Booming economy; more than tripling its GDP, reaching USD 720 billion in 2015, up from USD 231 billion in 2002 (TurkStat)
- Stable economic growth with an average annual real GDP growth rate of 4.7 percent between 2002 and 2015 (TurkStat)
- Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2016-2017 with an average annual real GDP growth rate of 3.8 percent (OECD, June 2016)
- 17th largest economy in the world and 6th largest economy compared with the EU in 2015 (GDP at PPP, IMF WEO)
- Institutionalized economy fueled by USD 151 billion of FDI in the last decade (CBRT)
- A dynamic and mature private sector with USD 144 billion worth of exports and an increase of 400 percent between 2002 and 2015 (TurkStat)
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2. POPULATION
- A population of 79.8 million (2016, TUIK)
- Largest youth population compared with the EU (Eurostat)
- Half the population under the age of 31 (2015, TurkStat)
- Young, dynamic, well-educated and multi-cultural population
3. QUALIFIED AND COMPETITIVE LABOR FORCE
- Over 29.7 million young, well-educated and motivated professionals (2015, TurkStat)
- Increasing labor productivity
- Approximately 733,000 students graduate annually from over 193 universities (2015, CoHE)
- More than 950,000 high school graduates with around half from vocational and technical high schools (2015, Ministry of National Education)
4. LIBERAL AND REFORMIST INVESTMENT CLIMATE
The 2nd biggest reformer among OECD countries in terms of its restrictions on FDI since 1997 (OECD FDI Regulatory Restrictiveness Index 1997-2015)
- Business-friendly environment with an average of 7.5 days to set up a company, while the average in OECD members is more than 15 days (World Bank Doing Business Report 2016)
- Highly competitive investment conditions
- Strong industrial and service culture
- Equal treatment for all investors
- Around 46,800 companies with international capital in 2015 (Ministry of Economy)
- International arbitration
- Guarantee of transfers
5. INFRASTRUCTURE
- New and highly-developed technological infrastructure in transportation, telecommunications and energy
- Well-developed and low-cost sea transport facilities
- Railway transport advantage to Central and Eastern Europe
- Well-established transportation routes and direct delivery mechanism to most of the EU countries
