Briefing
INVESTMENT
TURKEY’S ADVANTAGES COMPARED TO OTHER DEVELOPING COUNTRIES T
here are plenty of reasons to invest in 7XUNH\ EXW VRPH UHDVRQV UDQJLQJ IURP D UREXVW HFRQRP\ WR VHFWRUDO RSSRUWXQLWLHV stand out as the most attractive advantages. 7XUNH\ RIIHUV LQYHVWRUV XQLTXH RSSRUWXQLWLHV WR JURZ WKHLU EXVLQHVVHV LQ WKH FRXQWU\ DQG LQ VXUURXQGLQJ PDUNHWV ,QYHVWRUV PD\ oQG some of these advantages in other locations DV ZHOO EXW ZKDW PDNHV 7XUNH\ XQLTXH LV WKDW WKH\ FDQ oQG DOO RI WKHVH LQ RQH SODFH
ROBUST ECONOMY
Turkey stands out as the 13th largest economy in the world and 5th largest in Europe according to 2016 GDP at purchasing power parity. Turkey outperformed many rival economies with its record growth over the past decade. 7KH HFRQRP\ KDV EHHQ JURZLQJ UREXVWO\ ZLWK DQ impressive performance of DSSUR[LPDWHO\ SHUFHQW annual growth over the past \HDUV 7KLV PDNHV 7XUNH\ the fastest growing economy in Europe and one of the fastest growing economies in the world. APRIL 2018 ISSUE 57
STRONG DOMESTIC MARKET
The economic activity in 7XUNH\ KDV EHHQ GULYHQ PDLQO\ E\ D YLEUDQW domestic market. As a result RI WKH UREXVW HFRQRPLF growth over the past decade, Turkey has more than tripled its GDP per capita at current prices to more than USD 10,000. Among countries with populations over 50 million, WKHUH DUH RQO\ FRXQWULHV with income per capita over USD 10,000 and Turkey is the only developing country on that list. Turkey’s strong domestic PDUNHW KDV EHHQ IXUWKHU VWUHQJWKHQHG E\ WKH
HPHUJHQFH RI D VL]HDEOH middle class. With increasing income per capita and purchasing power, this middle class has EHFRPH WKH EDFNERQH RI DQ PLOOLRQ VWURQJ PDUNHW
OXFUDWLYH QHLJKERULQJ PDUNHWV ZLWK D FRPELQHG population of around 1.6 ELOOLRQ SHRSOH DQG 86' 25 trillion GDP. Around KDOI RI JOREDO WUDGH WDNHV SODFH ZLWKLQ D KRXU pLJKW UDGLXV RI 7XUNH\ ,QYHVWRUV in Turkey can also follow and cover markets in 16WLPH ]RQHV IURP 1HZ <RUN to Tokyo.
STRATEGIC LOCATION
The domestic market in Turkey is well connected with the key markets not only through a customs union with the EU and free trade agreements ZLWK FRXQWULHV EXW DOVR it is geographically and logistically well connected with the rest of the world. As such, Turkeyâ&#x20AC;&#x2122;s geostrategic location provides investors easy access to
FAVORABLE DEMOGRAPHICS With half of its population under 32 years old, Turkey stands out as the country with the largest youth population in Europe. Turkeyâ&#x20AC;&#x2122;s working age population continues to increase, and the country
PHOTOGRAPH BYLOREM IPSUM
36