SUMMARY FACT ABOUT TURKISH ECONOMY
• Institutionalized economy fuelled by USD 225 billion of FDI in the past 18 years.
• 11th largest economy (GDP at PPP) in the world and 3rd largest economy compared with
EU-27 countries in 2020 (GDP, Eurostat).
• Robust economic growth with an average annual real GDP growth of 5.1 percent during
2002-2020.
• GDP reached USD 717 Billion in 2020, up from 236 billion in 2002.
• Sound economic policies with prudent fiscal discipline.
• Strong financial structure that is resilient to global financial crises.
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