In June 2024, Türkiye saw a substantial increase in Foreign Direct Investment (FDI), with total inflows reaching USD 842 million, marking a remarkable year-on-year rise of 94.9 percent. This growth brings the total FDI for the first half of 2024 to USD 4.69 billion, showcasing Türkiye's strong appeal to global investors.
The composition of FDI inflows in June 2024 reveals that equity capital was the largest contributor, accounting for USD 554 million, or 65.8 percent of the total. Other capital followed with USD 190 million (22.6 percent), while real estate investments contributed USD 98 million, representing 11.6 percent of the total.
The service sector attracted the highest level of FDI, receiving USD 284 million, which constituted more than half of the total inflows. The industrial sector was the second-largest recipient, with USD 187 million (33.3 percent), followed by the agricultural sector, which garnered USD 90 million (16 percent). Notably, under the sub-sectoral breakdown, manufacturing led with USD 187 million, while wholesale and retail trade received USD 178 million. Agriculture, forestry, and fishing also held a strong position with USD 90 million in investments.
By geographic origin, European countries were the leading source of FDI, contributing USD 423 million, which represented 75.4 percent of the total inflows. Asia followed with USD 122 million (21.7 percent), while the Americas contributed USD 13 million (2.3 percent).
At the country level, Ireland emerged as the top investor, with USD 139 million (24.8 percent), followed by the Netherlands with USD 109 million (19.4 percent), and Germany with USD 72 million (12.8 percent).