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FDI inflow to Türkiye reaches $1.5B in first quarter of 2024

May 13, 2024

Türkiye attracts $1.5 billion in international direct investment in the first quarter of this year, with financial activities leading the inflow

Following the release of the Balance of Payments Statistics by the Central Bank of the Republic of Türkiye, the International Investors Association (YASED) published its bulletin on International Direct Investment with Numbers.

Accordingly, the total foreign direct investment (FDI) inflow to Türkiye in March amounted to $336 million, while this figure reached $1.5 billion in the first three months of 2024.

The total FDI inflow in the first quarter was $1.22 billion from equity investments and $796 million from real estate sales to foreign nationals.

With the negative effects of borrowing instruments totaling $112 million and investment disinvestments amounting to $424 million, the total FDI inflow in the first quarter was $1.5 billion.

Financial activities attracted most investment

While the total volume of equity investment inflows in the January-March period was relatively limited compared to the previous quarter and the quarterly average of previous periods, the service sector stood out in the sectoral composition.

The majority of equity investment inflows were hosted by the “financial and insurance activities,” “wholesale and retail trade,” and “mining and quarrying” sectors.

Of the $257 million investment inflow in the finance sector, $249 million was attracted by “other financial service activities,” excluding banking and insurance activities.

Netherlands led the way in first quarter

In the first quarter, European Union countries continued to be the largest source of equity investment inflows to Türkiye with a 58% share.

When examined on a country basis, the Netherlands led with a 25% share of equity investment inflows, followed by the United States with 21% and Germany with 12%.

Source: Newsroom


Last Updated:  May 28, 2024 2:20 PM