IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Turkey Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Ankara

785 2022

46

47

16,572 2022

Exchange rate (per $)

51

51

85,28 2022 09 905,5 2022 18 38.942 2022 41 5,6 2022 17 72,31 2022 62 10,40 2022 58 35,04 2022 11 -5,39 2022 52 120,7 2021 40 1,63 2021 45

52

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

Political uncertainty.

•

Real GDP growth (%)

• Inflation and inadequate monetary policy. • Uncertainty in legal framework. • Rising external vulnerabilities. • Rising income inequality.

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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

17

24

36 36

38

48 52 43

44 41

44 42 45

47 47

50

52

54

57

60

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

19

19

30

32

20

20

33

35

36

21

115