Presentation about The Economic Outlook Of Turkey.

1. Economic Outlook of Turkey

2. • The Turkish economy has achieved an
outstanding performance with its steady
growth over the last 15 years.
• Macro-economic strategies, fiscal and
monetary policies and structural reforms
resulted in high growth rates and increasing
confidence in the Turkish economy.

3. Economic Growth

4. Economic Growth
• According to the World Economic Outlook
Report of the World Bank issued in April 2017,
on the basis of the purchasing power parity
(PPP), Turkish economy is the 13th largest in
the world and 5th largest in Europe in 2016.

5. • Turkey achieved an average growth rate of
6.3% in 2010-2016.
• And The Turkish economy grew by 7.4% in
2017.
• According to the targets of the Medium-Term
Programme (MTP) 2018-2020, Turkey aims to
grow 5.5 % for successive three years.

6. Foreign Trade

7. Foreign Trade
• Our country had an overall trade volume of
342 billion USD in 2016, 143 billion USD
coming from exports and 199 billion USD from
imports. In the period 2005-2016 the average
growth rate of Turkish exports was 6.4 %,
whereas, it was globally 4.3 %.
• (But we are still a country with a large amount
of foreign trade deficit.)

8. Foreign Direct Investments (FDI)

9. Foreign Direct Investments (FDI)
• Turkey has managed to attract 176.6 billion
USD worth of foreign direct investments (FDI)
between 2003 and 2016.
• Turkey is the biggest foreign direct investment
appealing country in West Asia since 2012.
• 58,000 foreign capital companies operate in
Turkey.

10. • Turkey is located in a very important
geographical region.

11. Turkish Contracting Services Abroad

12. Turkish Contracting Services Abroad
• Turkish construction sector is ranked as the
second in the world after China.
• The first construction project was undertaken
in 1972 in Libya. Until July 2017, 9018 projects
were realized in 117 countries with a total
amount of 344.7 billion USD

13. • The Russian Federation comes on the top
among the countries where Turkish
contractors undertook projects with a total
amount of 67.6 billion USD. This is about %20.
• On a sectoral basis, Turkish contractors have
realized especially projects of highways,
tunnels and bridges.

14. • In 2017, 45 Turkish companies are listed
among the world’s greatest 250 construction
companies.

15. Tourism

16. Tourism
• Turkey is the 6th most popular tourist
destination in the world (2015), attracting
more than 30 million tourists annually and
continuing to show positive growth year-on-
year.
• The greatest number of tourists came from
the Russian people and German people.

17. • Antalya is the most preferred city in Turkey
based on the number of incoming foreign
visitors. Turkey has 7,200 km of coastline and
ranks 2nd among 38 countries with its 436
blue-flag beaches. Only Spain has more blue-
flag beaches than Turkey with 578.

18. • Owing to its increasing global connectivity,
due in no small part to its favorable
geographical position, Istanbul is very much
the center of attention with its recent rise to
the rank of 3rd most visited city in Europe
according to MasterCard Global Destinations
Cities Index 2016 with over 12 million foreign
and domestic visitors per year.

19. Reserves
• The Central Bank international reserves reached
113.582 billion USD as of 15 December 2017.
• Source:Republic of Turkey Ministry of Foreign Affairs