Strong Economy

GROSS DOMESTIC PRODUCT (GDP)

The GDP value of İzmir was worth 263 billion TL in 2019, according to TURKSAT. The data between 2010-2019 presents that İzmir creates an average of 6.18% of the Turkish GDP in last 10 years. In the same period, while GDP of İzmir has been steadily growing, city’s GDP Per Capita has also been consistently increasing. İzmir’s GDP Per Capita is more than average GDP Per Capita of Turkey in last years and all these GDP perfomances in last 10 years shows the strong economic structure of İzmir as a city.

  • Steady   Growing GDP   in last 10 years
  • Since 2009   6,11% Share   in GDP of Turkey
  • Consistently   increasing GDP Per Capita in last 10 years
  • More    GDP Per Capita  than average of Turkey

 3rd HIGHEST GDP IN TURKEY

Considering the GDP figures, it is seen that İzmir is the 3rd biggest city in Turkey in terms of economic growth. Looking at the GDP figures based on industry, services, and agriculture main sectors, it is revealed that İzmir is Turkey’s third-largest economic value-producing city in all three main sectors. This situation indicates that İzmir supports its economic strength with a multi-sectoral structure. (TURKSTAT)

10 Years

Steady Growing

GDP and GDP Per Capita

6,18%

Share in GDP of

Turkey

Higher

GDP Per Capita than

Average of Turkey

Konak, İzmir

Source: TURKSTAT

Source: TURKSTAT

Source: TURKSTAT

Source: TURKSTAT

2nd LARGEST TRADE CENTER OF TURKEY

İzmir is the 2nd largest trade center of Turkey with an annual average of 21.15 billion USD foreign trade volume. In the last 8 years, İzmir has 11.02 billion USD average export and a 10.13 billion USD average import. While İzmir has been giving foreign trade surplus in this period with a 110 % export-import ratio, also has a 6.66 % share in the total exports of Turkey. (TURKSTAT)

21 Billion $

Annual Average Foreign

Trade Volume

11 Billion $

Annual Average

Export

6.66%

of Turkey’s

Total Export

110%

Export – Import

Ration

İzmir Port

FOREIGN TRADE

İzmir has high export values over the years, having more than $12B export volume annually in 2018 and 2019. According to the data in the years between 2013 and 2019, İzmir exports more than it imports having a positive balance.

  • More than   $ 12B Export   annually last 2 years
  • Average   $ 10.93B Export   annually last 7 years
  • Since 2013   6,64% Share   in Exports of Turkey
  • Foreign Trade Surplus   in last 2 years
  • 107% Export-Import Ratio   since 2013

COST EFFECTIVENESS

İzmir ranks 8th in TOP 10 Large European Regions of the Future 2020/21 listing and 7th in TOP 10 World Tier 2 Cities 2020/21 listing of FDI Magazine.

TOP 10 Large European

Regions of the Future

2020/21 – Cost Effectiveness

Rank Region Country
1 Southern Federal District Russia
2 Volga Federal District Russia
3 Ural Federal District Russia
4 Siberian Federal District Russia
5 North-western Fed. District Russia
6 Silesia Poland
7 Far Eastern Federal District Russia
8 İzmir Turkey
9 Masovian Voivodeship Poland
10 Ankara Turkey

TOP 10 World

Tier 2 Cities

2020/21 – Cost Effectiveness

Rank Region Country
1 Samut Prakan Thailand
2 Chonburi Thailand
3 Rayong Thailand
4 Manisa Turkey
5 Kaunas Lithuania
6 Tekirdag Turkey
7 Izmir Turkey
8 Plovdiv Bulgaria
9 Iasi Romania
10 Hai Phong Vietnam

An Attraction Center for Investors

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2ND FASTEST GROWING METROPOL IN THE WORLD

Brookings Institution

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9.3% OF THE INDUSTRIAL PRODUCTION IN TURKEY

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2ND ATTRACTIVE CITY FOR THE INVESTORS IN TURKEY

EY