Here are some statistics and detailed information about top sectors to invest in Turkey.


  • Turkey is ranked 6th most preferred tourist destination in the world in 2019
  • 51.2 million tourists arrived in Turkey in 2019
  • There are 519 blue-flag (meets international tourism standards) beaches in Turkey.
  • There are 27 golf courses in Turkey’s Belek region, one of the most popular tourism centers globally.
  • Turkey is ranked 7th in Europe for tourism FDI between 2015-2019.
  • The average spending amount per visitor is around $800.

Real Estate
  • The total number of home sales in Turkey between 2015 and 2020 is 8.3 million.
  • The total number of home sales to foreigners in Turkey between 2015 and 2020 is 189.000.
  • 5.6 million square meters of grade office supply in Istanbul in 2020.
  • 13.6 million square meters of active gross leasable area in shopping centers throughout Turkey in 2020.
  • 10.2 million square meters of total logistics real estate stock in Istanbul and Kocaeli in 2020.
  • 318.000 square meter logistics leasing transactions completed during 2020, almost triple the figure from 2019 year-end.
  • Since 2000, global brands have invested a total of $16 billion in the Turkish automotive industry.
  • In 2021, Turkey produced 1.3 million vehicles.
  • Turkey leads Europe in commercial vehicle production.
  • Turkey ranks 4th in Europe’s automotive production.
  • Turkey ranks 13th in global automotive production.
  • The average OEM export rate in Turkey is 73%.
  • The CAGR (Compound Annual Growth Rate) increased to 8% from 2002 to 2020.
  • 3/5 of the top global suppliers have manufacturing facilities in Turkey.
  • Turkey has over 480 tier-one suppliers.
  • The Ministry of Industry and Technology has accredited 159 suppliers’ R&D and design centers in Turkey.
  • Turkey and its neighboring markets account for 25% of global petrochemical consumption.
  • Turkey is Europe’s second-largest producer of plastic.
  • Turkey is the world’s seventh-largest producer of plastic.
  • Turkey ranks 50th in Europe for paint production.
  • Turkey ranks 10th in the world for fertilizer consumption.
  • Turkey ranks 2nd in the world for net petrochemical imports.
  • Turkey is the world’s second-largest importer of polypropylene.
  • Turkey’s total defense spending in 2019 was $20 billion.
  • The total turnover of Turkey’s defense and aerospace industry in 2019 was $10.9 billion.
  • In 2019, the total export value of the Turkish defense and aerospace industry is $3 billion.
  • In 2019, the total turnover of Turkey’s civil aviation services was $19.5 billion.
  • Turkey’s civil aviation fleet has 546 aircraft.
  • In 2019, the number of airline passengers in Turkey was 208.9 million.
  • In 2019, Turkey is ranked 1st in Europe’s agricultural economy.
  • In 2019, Turkey is ranked 10th in the global agricultural economy.
  • Turkey’s agricultural product exports increased by 408% between 2002 and 2020.
  • The average annual growth rate of the Turkish agriculture sector is 2.5% from 2003 to 2020.
  • Turkey’s livestock, animal, and aquaculture product exports grew by 7.3 times between 2002 and 2018.
  • The total revenue generated by the Turkish machinery sector in 2019 was $21 billion.
  • There are 244,000 employees in the Turkish machinery sector.
  • The total export value of the Turkish machinery industry in 2020 was $18.5 billion.
  • There are more than 200 export destinations for Turkish machinery products.
  • The Turkish machinery sector’s major export markets are Germany, the United Kingdom, France, and Italy.
  • In the Turkish machinery sector, there are over 17,000 active local and international companies.
  • In 2019, the Turkish agricultural machinery market was valued at $1.1 billion.
  • The total export value of the Turkish HVAC (Heating, Ventilation, Air Conditioning) industry in 2020 was $4.7 billion.
  • Turkey is Europe’s air handling unit manufacturing hub.
  • Turkey is ranked 10th in the world for mineral diversity.
  • Turkey accounts for 2.2% of global industrial raw material reserves.
  • Turkey holds 40% of the world’s natural stone reserves.
  • Turkey holds 73% of the world’s boron reserves.
  • Turkey handled 56% of global boron trade in 2019.
  • Turkey’s lignite reserves total 19 billion tons.
  • The amount of lignite produced in Turkey in 2019 was 93 million tons.
  • The amount of gold produced by Turkey in ****2020 was 42 tons.
Information & Communication Technologies
  • The total value of the Turkish ICT market in 2019 was $26.8 billion.
  • The average growth rate of the Turkish ICT sector over the last five years has been 17%.
  • There are over 2,000 active companies in the Turkish ICT sector.
  • The Turkish ICT sector employs more than 143,000 people. (70% are under the age of 35)
  • In Turkey, the mobile/smartphone ownership rate is 95.3%. (Worldwide 19th)
  • Turkey has more than 1,200 R&D centers.
  • The number of employees in Turkey’s R&D centers is more than 67,000.
  • There are over 2,000 active companies in the Turkish ICT sector.
  • Turkey ranks 5th in the European electricity market.
  • Turkey ranks 5th in Europe in energy consumption.
  • Turkey ranks 4th in the world for geothermal power generation capacity.
  • Turkey ranks 4th in Europe for gas consumption.

Financial Services

  • Total Foreign Direct Investments inflows into the Turkish financial services industry from 2002 to 2018 were $52 billion.
  • In 2018, the total asset size of Turkey’s financial services industry was ₺3.9 trillion.
  • The Turkish financial services industry’s CAGR was 18% from 2008 to 2018.
  • There are 51 operating banks in Turkey.
  • In 2018, the total asset size of the Turkish banking sector as a percentage of GDP was 104%.
  • In 2018, the capital adequacy ratio in the Turkish banking sector was 17.3%.
Life Sciences
  • The size of the Turkish pharmaceuticals market in December 2020 was ₺47.9 billion – 2.2 billion boxes.
  • The volume of Turkish pharmaceutical exports in 2020 was $1.8 billion.
  • As of June 2021, the Turkish life sciences industry had 57 accredited R&D centers.
  • As of 2020, the Turkish pharmaceutical industry employs 1,603 people in R&D.
  • Turkish pharmaceutical R&D spending increased by 93% between 2016 and 2019.
  • The Turkish startup ecosystem produced one decacorn, and five unicorns in less than two years.
  • In 2021, 294 startups raised a total of $1.6 billion from angel investors and venture capitalists, breaking the ecosystem’s previous record. In terms of startup investments, Turkey ranked 10th in Europe and second in the MENA region.
  • Grocery delivery, gaming, proptech, fintech, and blockchain were the leading verticals for capital raising in 2021, while gaming, artificial intelligence, deeptech, fintech, and health-tech led the number of deals.
  • The gaming industry became the focus of attention in 2021, with 52 transactions totaling $265 million.
  • Istanbul ranked 13th in terms of capital raised and 4th in terms of the number of investments among European cities. In terms of total investment, Istanbul ranked second in the MENA region, trailing only Tel Aviv.
  • The total value of PPP contracts in Turkey from 1986 to 2021 was $159 billion.
  • The total number of PPP projects in Turkey from 1986 to 2021 was 253.
  • The total motorway length in Turkey is expected to be 8.200 km by 2035.
  • In 2023, the rail sector will account for 60% of all infrastructure investments in Turkey.


Turkey offers a wide range of incentives to investors to help them cut costs and generate bigger revenues easily. Turkey has one of the most competitive investment incentive regimes in emerging markets. And the number of incentives is increasing by the day. The incentives are available in various sectors and scales. Local and foreign investors are treated equally in terms of incentives. Top global companies like Ford, Bosch, Nestlé, Mercedes, etc. benefit from these incentives. The incentives come in the form of:

  • VAT exemption
  • Custom
  • Customs Duty Exemption
  • Corporate Tax Reduction
  • Social Security Premium Support (Employer’s Share)
  • Social Security Premium Support (Employee’s Share)
  • Income Tax Withholding Support
  • Interest Rate Support
  • Land Allocation
  • VAT Refund
  • Infrastructure Support
  • Energy Support
  • Capital Contribution Support
  • Purchasing Guarantee
  • Facilitation of Authorization/ Permit/ License Procedures
  • Training Support
  • Qualified Personnel Support
  • R&D/Design Discount
  • Corporate Tax Exemption
  • Cash Support
  • Credit Support
  • Special Consumption Tax Exemption
  • Property Tax Exemption
  • Stamp Duty Exemption