EUR
enA "Invest in Turkey" billboard has appeared in Times Square in New York City
The President's Office of Investment Management has published the message "Invest in Turkey" on digital billboards in Times Square to promote Turkey's potential. "Turkey is your trusted investment partner," the tabloids read. The messages were posted at regular intervals for 3 days throughout the week as the city hosted visitors from around the world for the 78th United Nations (UN) General Assembly.
Turkey's economy has been growing at an average annual rate of 5.4% over the past 20 years and is the third fastest growing economy in the world among G20 countries after China and India. Proving its strength despite the Covid-19 pandemic, earthquake and global economic turmoil, Turkey has demonstrated a sustainable development model over the past 20 years. Turkey's exports, which were $36 billion in 2002, reached $255 billion in 2022. While international direct investment inflows into the country were 15 billion dollars in 1980-2002, the figure exceeded 256 billion dollars in 2003-2023. The number of companies with international capital has increased more than 10 times in the past 20 years, rising from 6,000 to 80,000.
Fitch, a global credit rating agency, has raised its 2023 growth forecast for Turkey's economy from 2.5% to 4.3%
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