Countries that have made the highest investments in Turkey in last 5 years
According to data from the Central Bank of the Republic of Turkey, the total amount of foreign direct investment in Turkey by non-residents reached $31.332 billion between 2019 and 2023. The largest contribution to this investment came from the Netherlands, with $4.6 billion.
According to Central Bank data, the total amount of foreign direct investment in Turkey by non-residents reached $31.332 billion between 2019 and 2023. When looking at the distribution of foreign direct investments by regions during this period, Europe ranked first with $21.29 billion. Asia followed with $6.867 billion, the Middle East and North Africa with $4.374 billion, the Gulf with $3.152 billion, and the Americas with $3.102 billion.
The Netherlands, the United Kingdom and the United States rank on top of the list
Looking at the distribution of foreign direct investment by country, the Netherlands ranked first with $4.438 billion. Investments from the Netherlands constituted 14.6% of the total foreign investments. Dutch investors’ direct investment in Turkey amounted to $1.169 billion in 2019, $598 million in 2020, $749 million in 2021, $788 million in 2022, and $1.134 billion in 2023.
During the period 2019-2023, investments directed towards Turkey by UK investors amounted to $3.463 billion, while investments from the US amounted to $2.903 billion. Following them, investments came from Germany with $2.892 billion, Spain with $2.049 billion, and Switzerland with $1.858 billion.
In January, $399 million in investment
In January of this year, the direct investments in Turkey by non-residents amounted to $399 million. The US stood out as the country with the most direct investments in Turkey in January. American investors invested $174 million, German investors $66 million, British investors $47 million, and investors from the Netherlands and Spain invested $17 million each. Foreign investors preferred the manufacturing sector the most during the period 2019-2023. Foreign investments in the manufacturing sector amounted to $7.869 billion.
Sectors invested in
During this period, $7.650 billion was invested in the wholesale and retail trade sector, and $4.864 billion in the finance and insurance activities sector. The sectors most preferred by foreign investors in January of this year were mining and quarrying with $167 million, manufacturing with $87 million, and wholesale and retail trade with $59 million. $49 million of the investment in the manufacturing sector went into the manufacture of computers, electronic, and optical products. In January of this year, 744 foreign joint-stock companies were established, of which 457 were jointly established with Turkey, 37 with Iran, 22 with Germany, 15 with Azerbaijan, 15 with China, and 15 with the Russian Federation. Dutch investors established 5 companies in January.
