Turkey, Economy

Turkey: Over $201B of int'l investment in past 16 years

President Erdogan says Turkey is 13th-largest economy based on purchasing power parity (PPP)

Faruk Zorlu   | 09.01.2019
Turkey: Over $201B of int'l investment in past 16 years

Ankara

By Ferdi Turkten, Ayse Sensoy Boztepe and Muhammed Boztepe

ANKARA

International investment in Turkey amounted to over $201B in the past 16 years and the country remains attractive to foreign investment, President Recep Tayyip Erdogan said on Wednesday.

Addressing an Independent Industrialists’ and Businessmen’s Association (MUSIAD) meeting in capital Ankara, Erdogan said Turkey is currently the 13th-largest economy based on purchasing power parity (PPP).

"We hope that the country will rank as the 12th-largest economy based on PPP by end of the year [2019]," he said.

Turkey's exports were $168.1 billion in 2018, he added.

Erdogan's Justice and Development (AK) Party has been ruling the country for over 16 years.

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