Turkish Canadian Chamber of Commerce - Why Turkiye

Why Turkiye

• Turkiye is 15th largest economy of the world and 6th largest economy in European Union with a GDP of 663 billion US $ in 2007.

• Per capita GDP reached 9.629 US $ in 2007.

• Annual real GDP growth between 2002-2007 was %7 From 2002 to 2007, GDP increased by %187 and reached 663 billion US $.

• Foreign Trade increased by 216% and reached 277 billion US $.

• Exports increased by 197% and reached 107 billion US $ in 2007.

• Turkiye attracted 22 billion US $ in Foreign Direct Investment.

• Exports to neighboring countries increased by 478%.

• Imports from neighboring countries increased by 340%.

• From 2002 to 2007, GDP increased by %187 and reached 663 billion US $.

• A population of 70 million people %65 of the population is below 34 years old. Average age is Approximately 400.000 university graduates per year.

• Well educated, talented and motivated labor force.

• A candidate to European Union since 2005.

• A gate to the EU, Central Asia and the Middle East.

• Number of GSM Subscribers is 63 million.

• 22 million people have internet access.

• There are 37 million credit card users in Turkiye.

• Turkiye is the 9th in the world in terms of earnings in tourisim industry with 23.3 million tourists visiting Turkiye in 2007.

• The world`s 2nd largest manufacturer of flat glass One of the 5 largest jewelry manufacturer of the world.

• The 1st textile manufacturer in Europe The 1st TV manufacturer in Europe The 1st fertilizer manufacturer in Europe.

• The world`s 6th largest manufacturer of cement and cotton The 6th largest manufacturer of refrigerators in Europe.

• The 7th largest iron&steel manufacturer in Europe.

• The world`s largest 15th automotive manufacturer The world`s 1st hazelnut exporter.