ISTANBUL WITH DATA FROM 2019
In domestic and international comparisons, with its resilient economy, Istanbul has always been a Pioneer, particularly in terms of its market size and the macroeconomic, financial indicators. The city has a tremendous competitive advantage.
- Istanbul’s economy accounts for 31% of Turkey’s GDP. Istanbul contributes to 60% of Turkey’s foreign trade, 58% of the country’s overall commercial deposits, and 47% of tax revenues.
- With respect to the financial and macroeconomic indicators, the city is well ahead of other cities.
- Compared to Turkey’s average, Istanbul’s economy faces less recession problems. (Turkish Statistical Institute)
Istanbul is a high power engine that provides 31% of Turkey’s GDP, valued $257 billion:
- By the end of 2018, %13 billion 163 million inflow of Foreign Direct Investment was received by Turkey, most of this amount was received by Istanbul.
- According to 2019 data, Istanbul’s share in Turkey’s export volume of %172 billion was %86 billion while the city’s share of imports amounted to 50%, valued at $106 billion within Turkey’s total import volume of $203 billion.
- With approximately TRY72 billion, Istanbul has been the city to receive the highest level of public investments in 2002-2018.
- As of 2019, with a 40% ratio, 147 out of the 454 Shopping Malls across Turkey were located in Istanbul.
- With 933 projects, the amount of public investments in 2019 was TRY9 billion 557 million.
- Istanbul ranked 53rd in the Global Financial Centers (GFCI).
- 38% of Turkey’s corporate taxpayers are in Istanbul.
- 37% of Turkey’s industrial production is achieved in Istanbul.
- Istanbul’s share within Turkey’s industrial sector’s added-value is 41,6%.
- Twenty thousand industrial enterprises are active in Istanbul.
- Strategic Position
- A Strong Economy
- A Center of Regional Transport
- A Rapidly Developing Internal Market
- A Developing and Expanding Infrastructure
- A Powerful and Innovative Private Sector
- Advantageous Investment Zones
- An Incentivized Investment Environment
- Growing R&D and Entrepreneurship
- A Competitive Tax System
- Qualified and Cost-Efficient Labour
- International Fair and Congress Centers
- International Airports and Seaports.