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152 Outward Foreign Direct Investment by Enterprises from Turkey
Table 4. Turkey: Cumulative distribution of OFDI flows, by industry and destination, 2004
(Thousands of dollars)
Others Total
InsuranceO
Transportation
Mining
Tourism Construction
Telecommunications
Trade
Other
Financial
Services
Banking
Manufacturing
Energy
Host
Country
Netherlands 6,412 739,468 324,826 880,966 128,052 158,518 5,540 – – – – 58 2,243,841
Azerbaijan 1,552,576 28,641 3,560 – 11,084 23,200 – 6 2,067 – 432 – 1,621,565
United Kingdom – 210,799 111,575 7,218 169,419 – 3,012 – – 44 – 22,142 524,209
Germany – 45,114 369,512 – 20,610 – 16,028 21,510 – 208 909 74 473,965
Kazakhstan 287,673 40,988 32,309 555 17,126 12,883 38,771 1,724 – 3,000 – 201 435,228
Luxembourg – – 89,500 25,616 121,850 – – 11,746 – – – – 248,712
United States – 55,700 63,408 15 50,800 1,500 935 5,834 – 500 – 1,748 180,439
Russian
50 40,923 65,340 – 47,516 – 98 2,958 – – – 105 156,990
Federation
Romania – 72,107 10,002 2,113 28,017 – 7,112 2,931 12,550 56 77 59 135,024
Virgin
– – – 65,231 44,713 – 7,117 1,787 – – – – 118,848
Islands
France – 199 17,312 – 14,671 56,677 3,755 – – 834 – – 93,448
Switzerland – 16 51,966 9,333 10,318 – – 13,116 – 41 29 57 84,877
Northern
– 914 67,838 2,429 1,051 2,031 5,539 255 30 59 1,092 25 81,263
Cyprus
Bulgaria 158 11,430 22,791 120 27,770 – 225 68 – 5 – – 62,568
Turkmenistan – 41,695 2,885 – 500 – 2,804 995 8,557 – – – 57,437
Belgium – 3,528 – – 47,008 – 1,683 – – 159 – – 52,377
Hungary – 40,529 2,601 – 5 – – 9 – – – – 43,144
Austria – 2,997 35,104 – 2,302 – 37 – – – – – 40,440
Bahrain – – 37,958 1,423 – – – – – – – – 39,381
Ireland – 4,947 50 26,050 44 – 215 2,120 – – – – 33,427
Georgia – 9,459 3,796 – 6 16,762 – 600 – – – – 30,622
Malta – – 300 11,145 13,519 – – – – 1,500 – – 26,464
Algeria 25,808 67 – – 348 – – 100 – 20 – – 26,342
Kyrgyzstan – 16,594 2,048 – 5,319 – – – – – – – 23,961
Uzbekistan – 10,717 2,379 – 7,619 – 50 – – 5 – – 20,770
Others 11,768 52,326 33,832 2,033 51,932 29,691 638 19,424 3,111 1,420 – 1,550 207,724
Total 1,884,445 1,429,158 1,350,893 1,034,246 821,599 301,262 93,559 85,184 26,314 7,849 2,538 26,018 7,063,066
Source: Turkish Treasury (http://www.hazine.gov.tr/english/bak/country_sector.xls) (Accessed in fourth quarter 2005).