Türkiye attracts $9.6B in foreign direct investment over 11 months

Türkiye received $9.6 billion in foreign direct investment (FDI) during the first 11 months of 2024, a 3% decrease compared to the same period last year, according to the International Investors Association (YASED) and Central Bank of the Republic of Türkiye (CBRT) data.

Since 2002, the total value of FDI inflows has exceeded $273 billion.

Investment breakdown and key sectors

Investment capital inflows for January–November 2024 increased by 9% year-over-year, reaching $5.5 billion. This figure aligns closely with the five-year average of $5.6 billion. The sectors receiving the most investment were:

• Transportation and storage
• Chemical manufacturing
• Wholesale and retail trade

In November alone, FDI totaled $1.14 billion, with $721 million in investment capital, $257 million in debt instruments, and $194 million from real estate purchases by foreign nationals.

Investment liquidations during the month amounted to $33 million.

November’s sector and country highlights

In November, transportation and storage accounted for 29% of the $721 million in investment capital, followed by chemical manufacturing at 15%, wholesale and retail trade at 12%, and transport vehicles at 8%.

The Netherlands emerged as the largest investor in November, followed by Germany, the United States, France, and Switzerland.

European Union’s dominance in FDI

Between 2002 and 2023, E.U. countries contributed 58% of Türkiye’s total FDI.

In the first 11 months of 2024, this share rose to 64%. The Netherlands led the list of investors with a 20% share, followed by Germany at 13% and the United States at 11%.