OPPORTUNITIES IN THE GROWTH MARKET OF TURKEY
Thanks to its favourable geo-strategic location, Turkey offers quick access to important markets such as the Commonwealth of Independent States, the Middle East and North Africa, and thus 1.5 billion consumers.
Turkey has a population of 77.7 million people, 50% of whom are under the age of 30. The country’s demographic structure is multi-cultural, young and well-educated.
A healthy economic policy combined with dynamic economic reforms have contributed to good results in the past 10 years, as GDP has increased from USD 231 billion in 2002 to USD 800 billion in 2014. Average annual growth rate for this period was 4.7%.
As a result of the real average annual growth rate of 3.6%, which is expected for the period between 2014 and 2016, Turkey will be the fastest growing economy among OECD member states.
Turkey’s national economy ranks 15th worldwide and 6th among EU countries.