an update on bilateral econom ic relations
DESCRIPTION
An update on BILATERAL ECONOM IC RELATIONS. Prepared in August 2013 by the Consulate General of the Netherlands Commercial Section Mustafa Basaran, Senior Commercial Officer. TURKEY: A LARGE AND RAPIDLY GROWING ECONOMY. Among Top20 World Economies, 2012. Av g. GDP Growth Rates%. - PowerPoint PPT PresentationTRANSCRIPT
An update onBILATERAL ECONOMIC RELATIONS
Prepared in August 2013by the Consulate General of the Netherlands Commercial Section Mustafa Basaran, Senior Commercial Officer
TURKEY: A LARGE AND RAPIDLY GROWING ECONOMY
Among Top20 World Economies, 2012
Avg. GDP Growth Rates%
TUIK, www.tuik.gov.tr
GDP GROWTH RATE (2001-2012), % SECTORAL BREAKDOWN, 2011
MANUFACTURING, 2011 (est.)
MACROECONOMIC FUNDAMENTALS:
2002 2012 Compared to theNetherlands 2011
Total exports US$ 36 billion US$ 152.4 billion US$ 556.5 billion
Total imports US$ 51 billion US$ 236.5 billion US$ 490.1 billion
Current Account Deficit US$ 1.5 billion US$ 49 billion
GDP/Capita (PPP Adjusted)
US$ 7.803 US$ 18.348 Est. US$ 43.198
Inflation 29.7% 6.2 % 3.2 %
Number of global capital companies in Turkey
5,560 32,604
Dutch government and private sector organizations classified Turkey as a ‘priority country’ together with Russia and India in 2005...
CPI INFLATION (1980-2012)
6.2%
27,5 % of GDP18 % of Turkey’s populationMore than half of international capital firms in Turkey
155% of per capita average income
38% of Top-500 industrial companies50 % of international trade
300.000 firms in the city Largest transport infrastructure
ISTANBUL…
155%130%
123%
110%
96%88%
97%
77%
141%
138% 134%
78%
63%
71%74%
72%
73%
93%
49%
40%
75%
61%
Source: www.tuik.gov.tr, www.cbs.nl
Turkish Imports from The Netherlands, US$1000
Turkish Exports to The Netherlands, US$1000
Bilateral Trade Between The Netherlands & Turkey, US$ mn.
0
500
1000
1500
2000
2500
3000
3500
4000
4500
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Dutch Exports
Dutch Imports
FDI to TURKEY
A large portion of the Netherlands origin investments are international companies registered in the Netherlands for tax reasons.
As of December 2012, 2,105 Dutch origin companies are operating in Turkey. Some of these enterprises are old timers such as Philips, Unilever, Shell and DSM with decades long presence in this country.
FDI Flows per country of origin Levels, US$ million Number of FDI Firms Established (1954-2012)
Source: Ministry of EconomicAffairs, www.ekonomi.gov.tr
COUNTRY OF ORIGIN 2008 2009 2010 2011 2012 TOTAL (1954-2011)
GERMANY
584 492 460 599 330 5158
THE NETHERLANDS 277 147 162 180 124 2105
UK 251 202 161 182 118 2446
OTHER EU COUNTRIES 658 469 432 679 398 5706
TOTAL 3337 2936 3233 4345 3031 32604
NL SHARE IN TOTAL, %
8.30% 5.01%
5.01% 4.14% 4,1% 6,46%
Source: Ministry of EconomicAffairs, www.ekonomi.gov.tr
COUNTRY OF ORIGIN 2005-2009 2011 2012
GERMANY 3410 665 532
THE NETHERLANDS 12955 1425 1176
UK 3183 904 1996
FRANCE 4209 623 999
OTHER EU COUNTRIES 22559 4934 1639
USA 6271 1402 404
TOTAL 66294 16055 9965
NL SHARE IN TOTAL, % 20.3% 10% 11,8%
Sectoral Breakdown of Dutch Origin Companies in Turkey, 2012
Metal / Machinery2%
Transport & Logistics5%
Power, Utilities, Env., Public Serv.
5%Tourism & Catering
6%
Food, Tobacco, Agriculture6%
ICT, Media, Communic.6%
Construction9%
Real Estate10%
Wholesale & Retail Trade20%
Other20%
Chemical Industry2%
Educ., R&D, Health & Social Serv.
2%
Financial Services2%
Vehicle / Automotive 2%
Textile & Clothing3%
Regional Breakdown of Dutch Origin Companies in Turkey, 2012
ANKARA5%
AYDIN3%
KOCAELI2%
MUGLA5%
IZMIR7%
ANTALYA15%
OTHER9%
ISTANBUL54%
Some Turkish Investors in The Netherlands
DB AGRO
DERIN SHIPPING
ROLE OF THE EMBASSY in ANKARA & THE CONSULATE GENERAL in ISTANBUL
([email protected] - [email protected])
• Trade & Investment Inquiries (both from Dutch and Turkish companies)
• Reports • Economic Missions, Networking, Lobbying &
Support
• Market insight & intelligence for policy makers in the Netherlands