Turkey PESTLE Insights - A Macroeconomic Outlook Report

Turkey PESTLE Insights - A Macroeconomic Outlook Report

Summary

According to GlobalData estimates, mining, manufacturing and utilities activities contributed 30.2% towards GVA, followed by wholesale, retail and hotels activities (26.7%), and financial intermediation, real estate and business activities (12.6%) in 2022. The three sectors are forecast to grow by 48%, 44.2%, and 44.9%, respectively, in 2023.

Five major cities in Turkey generated around 52.8% of the country’s GDP in 2022 and were home to 37.4% of the country’s population in 2022

Key Highlights

The XU100 Index exhibited an upward trend over past year. As of June 26, 2023, the Index stood at 5,72,618, compared to 255,408 on June 26, 2022.

Scope

• In April 2022, the Turkish government unveiled a 30-year infrastructure strategy, in which it aims to invest $197.9 billion in rail, road, air, and maritime infrastructure

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.