Changes

After years of low levels of foreign direct investment (FDI), in 2006, Turkey succeeded in attracting $18.9 billion in foreign direct investment (FDI) and is expected to attract a similar level in 2007. A series of large privatizations, the stability fostered by the start of Turkey's EU accession negotiations, strong and stable growth, and structural changes in the banking, retail, and telecommunications sectors have all contributed to the rise in foreign investment. Turkey has taken steps to improve its investment climate through administrative streamlining, an end to foreign investment screening, and strengthened intellectual property legislation. However, a number of disputes involving foreign investors in Turkey and certain policies, such as high taxation and continuing gaps in the intellectual property regime, inhibit investment. Turkey has a number of bilateral investment and tax treaties, including with the United States, which guarantee free repatriation of capital in convertible currencies and eliminate double taxation.  

After years of low levels of foreign direct investment (FDI), in 2006, Turkey succeeded in attracting $18.9 billion in foreign direct investment (FDI) and is expected to attract a similar level in 2007. A series of large privatizations, the stability fostered by the start of Turkey's EU accession negotiations, strong and stable growth, and structural changes in the banking, retail, and telecommunications sectors have all contributed to the rise in foreign investment. Turkey has taken steps to improve its investment climate through administrative streamlining, an end to foreign investment screening, and strengthened intellectual property legislation. However, a number of disputes involving foreign investors in Turkey and certain policies, such as high taxation and continuing gaps in the intellectual property regime, inhibit investment. Turkey has a number of bilateral investment and tax treaties, including with the United States, which guarantee free repatriation of capital in convertible currencies and eliminate double taxation.  

*GDP: (2004) $300.6 billion; (2005) $361.5 billion; (2006) $390.4 billion.

*GDP: $750 billion (2020)

*GDP per capita: $8,824 (2020)

*Annual real GDP growth rate: (2004) (+) 8.9%; (2005) 7.4%; (2006) 6.0%.

*Annual real GDP growth rate: (2004) (+) 8.9%; (2005) 7.4%; (2006) 6.0%.

*Annual inflation rate /CPI: (2003) 18.4%; (2004) 9.3%; (2005) 7.7%; (2006) 9.7%.

*Annual inflation rate /CPI: (2003) 18.4%; (2004) 9.3%; (2005) 7.7%; (2006) 9.7%.

*Natural resources: Coal, chromium, mercury, copper, boron, oil, gold.  

*Natural resources: Coal, chromium, mercury, copper, boron, oil, gold.