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The Turkish economy, the 13th largest economy in the world and 6th biggest in Europe (in purchasing power parity [PPP] terms), posted a positive growth in the last two decades, except for the local 2001 crisis and the global crisis that was experienced in late 2008 and 2009. The Compound annual growth rate (CAGR) over the last decade was 5.5%. The size of the Turkish economy is US$754 billion as of year-end 2019, with a per capita GDP of US$9,127. According to New Economy Programme, Turkey is expected to grow by 5% in 2020.
Due to its strong fundamentals, demographic structure, and great potentials, foreign direct investment (FDI) inflows to Turkey have been continuing. Including real-estate investments, Turkey attracted US$ 13.2 billion each year on average in the last 10 years from all over the world where the country experienced US$ 2.7 billion investments in total from Japan between 2002-2019.
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