Turkey PESTLE Insights – A Macroeconomic Outlook Report
Mining, manufacturing and utilities activity contributed 25.0% to the country?s gross value added (GVA) in 2020, followed by wholesale, retail and hotels (17.1%), and financial intermediation, real estate and business activity (17.0%). In nominal terms, the three sectors are forecast to grow by 13.8%, 14.1% and 14.2%, respectively in 2021.
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Five major provinces in Turkey generated around 59.3% of the country?s GDP in 2019 and were home to 39.6% of the country?s population in 2020
The overall XU100 index has exhibited an upward trend over the past year. As of May 11, 2021, the Istanbul Stock Market Index stood at 145,089.0, compared to 97,792.23 on May 11, 2020.
– The Turkish government has allocated US$2bn to the Transport and Infrastructure Ministry under 2021 public investment programme
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.
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Did you Know?
Recovery of Economy from COVID-19 crisis
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