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.

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.

Companies mentioned

Turkish Airlines



Table of Contents

Table of Contents

List of Exhibits

Did you Know?

Country Highlights

Recovery of Economy from COVID-19 crisis

Country snapshot

Political Landscape

Economic Landscape

Social Landscape

Technological Landscape

Legal Landscape

Environmental Landscape


List of Figures

List of Figures

Exhibit 1: Turkey’s Performance in terms of its Country Risk Analysis in Comparison to East Europe and the World Average

Exhibit 2: Performance Overview (Score: 1-100)

Exhibit 3: Broad Categories and Weights Behind the Index

Exhibit 4: Istanbul Stock Market Index – XU100

Exhibit 5: Key Sectors Contribution to the Economy (2016-2023f)

Exhibit 6: FDI Inflows In Turkey (Q1 2019-Q1 2021) And FDI By Sector (Q1 2020-Q1 2021)

Exhibit 7: Investment Inflows by Region and Country (Q1 2020-Q1 2021)

Exhibit 8: Key Infrastructure Indicators

Exhibit 9: Real GDP and Household Consumption Growth Rate (2016-2023f)

Exhibit 10: Real GDP Growth Rate Comparison (2020)

Exhibit 11: Exports and Imports Volume Growth (2016-2023f)

Exhibit 12: Current Account Balance (2016-2023f)

Exhibit 13: Top Three Commodity Exports, % of Total Exports (2017-2020)

Exhibit 14: Electrical Machinery and Equipment, % Share in World’s Total Exports, 2020

Exhibit 15: Interest Rates (May 2016-May 2021)

Exhibit 16: Exchange Rate (2016-2023f)

Exhibit 17: Public Finance (2016-2023f)

Exhibit 18: General Government Debt (2016-2023f)

Exhibit 19: Unemployment (2016-2023f)

Exhibit 20: Average Annual Wages (2015-2023f)

Exhibit 21: Labor Cost Index (2016-2019)

Exhibit 22: Rural/Urban Share of Total Population (1995, 2005, 2015, 2025)

Exhibit 23: Age-group Share of Total Population (1995, 2005, 2015, 2025)

Exhibit 24: Gender Split (1995, 2005, 2015, 2025)

Exhibit 25: Internet Users as a Percentage of the Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2020)

Exhibit 26: Number of Patents Granted Per Million Population (2020)

Exhibit 27: High-Technology Exports (% Of Manufactured Exports) (2019)

Exhibit 28: Doing Business in Turkey, 2020

Exhibit 29: Corruption Perception Index (Rankings) (2020)

Exhibit 30: CO2 Emissions (2016-2019)


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