Türkiye Attracts $11.3 Billion in FDI Amid Global Decline
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Despite challenges in the global investment landscape, Türkiye secured $11.3 billion in foreign direct investment (FDI) in 2024, marking a 5.6% year-on-year increase, according to data from the Turkish Central Bank. This growth contrasts with the 8% global decline in FDI, as reported by the United Nations Conference on Trade and Development (UNCTAD).
Türkiye’s Resilience in a Declining Global Market
At a time when global FDI flows were under pressure, Türkiye maintained its appeal as a stable and competitive market, according to the country's Investment Office. In contrast, FDI in Europe plummeted by 45%, with Germany and Poland experiencing 60% declines, while Italy, Spain, and France saw drops of 35%, 13%, and 6%, respectively.
Ahmet Burak Dağlıoğlu, president of Türkiye’s Investment Office, highlighted Türkiye’s success in enhancing its investment environment despite global economic instability, high inflation, protectionist trade policies, and geopolitical tensions.
“While global FDI inflows shrank by 8%, Türkiye’s FDI increased, demonstrating the country's resilience and strong economic fundamentals,” Dağlıoğlu stated.
Top FDI Contributors and Key Sectors
The Netherlands led the list of investors, accounting for 23.6% of total FDI inflows, followed by Germany (11.5%) and the U.S. (10.3%). Other significant investors included Ireland, Azerbaijan, Switzerland, the UK, the UAE, France, and Norway.
Among industries, the manufacturing sector attracted the largest share, receiving $2.3 billion, which represented 34.5% of total FDI inflows and grew 32.5% year-on-year.
Other key sectors included:
- Wholesale and retail trade – 25.3% of total FDI
- Transportation and storage – 7.2% of total FDI
