IMD World Competitiveness Booklet 2022

Turkey Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Ankara

785 2021

46

46

8.867 2021

Exchange Rate (per $)

51

51

84.68 2021 09 813.0 2021 18 34,755 2021 40 11.0 2021 04 19.60 2021 61 12.00 2021 55 32.72 2021 12 -1.83 2021 45 211.6 2020 30 1.09 2020 40

52

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Rising inflation and inadequate monetary policy. • High external financing need. • Russia-Ukraine war and supply disruptions. • Political uncertainty. • Uncertainty in legal framework.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: TUSIAD, Turkish Industry and Business Association, Economic Research Department

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

10

17

36 39 38

37

42

44

45

47

51

53

53

54

57 54 57 52

59

60

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS > 20 MILLION (27 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

19

19

30

30

20

20

33

35

36

21

110 Competitiveness Country Profiles