International Direct Investments in Turkey in May
Following the announcement of the Central Bank of the Republic of Turkey Balance of Payments statistics, the International Investors Association (YASED) published the International Direct Investment Bulletin in Figures for May. Accordingly, 1 billion 74 million dollars of international direct investment came to Turkey in May.
In the first 5 months of the year, the total amount of FDI coming to Turkey decreased by 15 percent compared to the same period in 2023, reaching 3.8 billion dollars. The total value of FDI inflows to Turkey since 2002 has exceeded 267 billion dollars.
While $590 million of the investments in May were realized in the form of investment capital, $303 million was debt instruments and $189 million was real estate sales to foreign nationals. With the downward effect of $8 million of investment liquidations in the same month, total FDI inflows amounted to $1 billion 74 million.
Sectoral Distribution of Investments
In May, investment capital inflows worth $590 million were in transportation and storage services, accounting for 42 percent of the total investment inflows, with $247 million. “Manufacture of computers, electrical-electronic and optical products” and “agriculture, forestry and fishing” stood out with shares of 10 percent and 9 percent, respectively.
Distribution by Country
The highest international investment in May came from Norway. Norway led the way with $229 million in investment and a 39 percent share, followed by the Netherlands with 18 percent, the Czech Republic with 8 percent, Sweden with 5 percent and Azerbaijan with 4 percent.
Considering the January-May period, the three countries that invested the most in Turkey were the Netherlands with a share of 20 percent, the USA with 16 percent and Norway with 10 percent.
Global Situation
According to the United Nations Conference on Trade and Development (UNCTAD) 2024 World Investment Report, the global international direct investment (FDI) volume decreased by 2 percent to 1.33 trillion dollars in 2023.
