Strong Economy
The GDP value of İzmir was worth 462 billion TL in 2021, according to TURKSAT. The data between 2012-2021 presents that İzmir creates an average of 6.19% 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 Türkiye 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 2012 6,19% Share in GDP of Türkiye
- Consistently increasing GDP Per Capita in last 10 years
- More GDP Per Capita than average of Türkiye
3rd HIGHEST GDP IN TÜRKİYE
Considering the GDP figures, it is seen that İzmir is the 3rd biggest city in Türkiye in terms of economic growth. Looking at the GDP figures based on industry and services it is revealed that İzmir is Türkiye’s third-largest economic value-producing city in these main sectors. In the agriculture sector, it is the second-largest city. This situation indicates that İzmir supports its economic strength with a multi-sectoral structure. (TURKSTAT)
10 Years
Steady Growing
GDP and GDP Per Capita
6,19%
Share in GDP of
Türkiye
Higher
GDP Per Capita than
Average of Türkiye
Konak, İzmir
2nd LARGEST TRADE CENTER OF TÜRKİYE
İzmir is the 2nd largest trade center of Türkiye 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 Türkiye. (TURKSTAT)
21 Billion $
Annual Average Foreign
Trade Volume
11 Billion $
Annual Average
Export
6.66%
of Türkiye’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 Türkiye
- 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 | Türkiye |
| 9 | Masovian Voivodeship | Poland |
| 10 | Ankara | Türkiye |
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 | Türkiye |
| 5 | Kaunas | Lithuania |
| 6 | Tekirdag | Türkiye |
| 7 | Izmir | Türkiye |
| 8 | Plovdiv | Bulgaria |
| 9 | Iasi | Romania |
| 10 | Hai Phong | Vietnam |
An Attraction Center for Investors
2ND FASTEST GROWING METROPOL IN THE WORLD
9.3% OF THE INDUSTRIAL PRODUCTION IN TURKEY
