FDI in Turkey Has Reached $3.9 billion

FDI in Turkey Has Reached $3.9 billion

Although the last seven months are overshadowed by the Coronavirus pandemic, Turkey has achieved great results in terms of foreign direct investments made in the country. The amount received from the foreign direct investment has reached $3.9 billion, according to the official data covering the January-August period. Investments in the service industry form 79% of the total amount, which is equal to $3.1 billion.

The FDI figures were calculated as $14.6 billion between 1984 and 2002 while it reached a cumulative amount of $217.5 billion in 2003-2019.

The money brought into the country in August 2019 amounted to $802 million whereas it is $536 million in the same period this year.

Foreign investment figures reached $3.9 billion between January and August when the Coronavirus outbreak affected the country the most. When looked at each industry’s share, the services industry has received $3.1 million, the industrial sector $764 million, and agriculture $2 million.

The highest share belongs to Italy with $966 million, followed by the USA with $745 million, England with $439 million, the Netherlands with $354 million, Luxemburg with $231 million, Germany with $229 million, Ireland with $149 million, and Norway with $104 million.

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