Business Istanbul

Istanbul has been a city of trade and manufacture throughout the ages and its contribution to modern Turkey’s economy is undeniable. As a city with the potential for a large tourist sector to complement its industry and trade, Istanbul increases in value daily.

Istanbul has been a city of trade and manufacture throughout the ages and its contribution to modern Turkey’s economy is undeniable. As a city with the potential for a large tourist sector to complement its industry and trade, Istanbul increases in value daily. Possessing a social and economic structure that is unique in Turkey, is the country’s capital of trade, employment, investment, finance, and tourism.

Among the 20 largest cities of the world, Istanbul has the 16% of the working population of Turkey. İstanbul occupies an important place in the Turkish economy and has a huge role both in the trade and service sectors.

 

Istanbul in figures:

 

  • The population of the city is estimated to be around 13 million.
  • Istanbul comprises 18.0% of the population and 27.5% of Gross Value Added.
  • 46.7% of country’s exports and 53% of its imports are realized through Istanbul.
  • Istanbul generates 43.6% of Turkey’s tax revenues.
  • Share of Istanbul on Gross National Product is 22%.
  • Distribution of the economy:
    – Commerce 34.1%
    – Industry 23.9%
    – Construction 71.1%
    – Transmission & Communications 7.2%
  • One out of every three commercial companies is located in Istanbul.
  • 46 of the 50 Turkish banks are located in Istanbul.
  • Foreign investment in 2010 was with 3,044 partners.
  • Top 5 foreign investments in Istanbul are:
    – Electric & IT 14.78%
    – Construction 9.03%
    – Transport 8.18 %
    – Textile & Clothing 7.59%
    – Consultancy service 7.62%
  • In 2010, the top 5 countries with registered business partners in Istanbul were Iran with 636, Germany with 334, Azerbaijan with 178, USA with 107 and Holland 106.
  • There are eight designated industrial zones in Istanbul. The largest of these is İkitelli with 14,762 firms and 160,000 employees. Dudullu with 2,494 firms and 28,059 employees and Tuzla with 800 firms and 15,000 employees are the second and third largest respectively.
  • 6,566 new buildings were constructed in Istanbul in 2010.
  • There are 6,326 schools with 133,574 teachers in Istanbul.
  • The number of undergraduate students in 2009 – 2010 was 378,209. A further 89,877 students were enrolled in MA programmes.
  • Number of flights to Istanbul Atatürk Airport in 2010:
    – Domestic: 104,662
    – International: 183,584
  • Around 8,5 million tourists visited Istanbul in 2013  (around 28 million to all over Turkey)
  • There are 1,220 licensed accommodations in Istanbul and the total number of beds is around 140 thousand.

 

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