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TURKEY COUNTRY REPORT. CONTENT  INDICATORS OF RETAIL  MACROECONOMIC INDICATORS of TURKEY  EXPORT AND FOREIGN TRADE in TURKEY  TAX RATES in TURKEY.

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Presentation on theme: "TURKEY COUNTRY REPORT. CONTENT  INDICATORS OF RETAIL  MACROECONOMIC INDICATORS of TURKEY  EXPORT AND FOREIGN TRADE in TURKEY  TAX RATES in TURKEY."— Presentation transcript:

1 TURKEY COUNTRY REPORT

2 CONTENT  INDICATORS OF RETAIL  MACROECONOMIC INDICATORS of TURKEY  EXPORT AND FOREIGN TRADE in TURKEY  TAX RATES in TURKEY  MACROECONOMIC INDICATORS of RETAIL  SHOPPING CENTERS SECTOR IN TURKEY  AMPD RETAIL INDEX by NIELSEN  DEMOGRAPHIC INDICATORS of TURKEY  DEMOGRAPHIC INDICATORS FOR RETAIL  INCOME DISTRIBUTION OF THE POPULATION  INCOME DISTRIBUTION & FMCG EXPENDITURE INDICATORS OF RETAIL

3  TOTAL TURNOVER IN 2010: $171 BILLION; 75 BILLION IN ORGANIZED RETAIL  SALES AREAS HAVE REACHED 23 MILLION SQUARE METER  1,8 MILLION EMPLOYEES IN TOTAL IN 2010, EMPLOYEES IN ORGANIZED RETAIL  NUMBER 7 RETAIL SECTOR IN EUROPE,  NUMBER 10 RETAIL SECTOR IN THE WORLD  NUMBER 5 IN FOOD SPENDING,  NUMBER 8 IN NON-FOOD SPENDING IN EUROPE Sources:TCSCR, Cushman& WakefIeld and DeloItte Reports. INDICATORS OF RETAIL

4 MACROECONOMIC INDICATORS of TURKEY GDP (BILLION USD) GDP PER CAPITA (USD) GDP PER CAPITA (USD -PPP) ANNUAL GROWTH RATE 6,9 4,70,7-4.88,9 Source: TURKSTAT

5  EXPECTED 5.6% GROWTH BETWEEN 2005–2050;  : 13% REAL GROWTH in GDP  :-4,8% REAL GROWTH in 2009, 8,9% in 2010  By 2017: EXPECTED TO HAVE THIRD HIGHEST GROWTH RATE AFTER CHINA AND INDIA (OECD)  SERVICES SECTOR ACCOUNT FOR 60% OF TOTAL ECONOMY  RETAIL TRADE CONSTITUTES 20-22% OF TOTAL GDP AND ORGANIZED RETAIL REPRESENTS 9-10% OF TOTAL GDP.  RETAIL SECTOR EMPLOYMENT CONSTITUTES %8-10 OF TOTAL EMPLOYMENT IN TURKEY WHEREAS SHARE OF ORGANIZED RETAILING IS 2,1%.  2015 TARGET IN ORGANIZED RETAIL EMPLOYMENT IS PEOPLE MACROECONOMIC INDICATORS of TURKEY

6 2010 OUTCOMES AND FORECASTS FOR 2011  GDP GROWTH RATE: GDP PER CAPITA (PPP ADJUSTED): 20108,9 % USD 20114,5 % USD % 20135,5 %  UNEMPLOYMENT RATE: ,9% ,0 %  ANNUAL CPI GROWTH RATE: 20107,5 % 20115,3 % 20125,0 % 20134,9 % MACROECONOMIC INDICATORS of TURKEY

7 FOREIGN DIRECT INVESTMENT: 1.2 % OF GNP in 2009  $7,84 BILLION NET TOTAL FOREIGN DIRECT INVESTMENT in 2009  TOTAL FDI IN : 81,2 BILLION USD Net Total FDI (Million USD) Annual Growth Rate (%)260%101%9%-17%-57%-18% Wholesale and Retail Trade (Million USD) Turkey is one of the largest sources of FDI in Central and Eastern Europe and the CIS; more than $1.5 billion invested in these countries MACROECONOMIC INDICATORS of TURKEY

8 EXPORTS & FOREIGN TRADE in TURKEY  MANUFACTURING INDUSTRY CONSISTS %93,4 OF TOTAL EXPORTS OF TURKEY  1 ST IN CEMENT EXPORT IN THE WORLD  2 ND IN JEWELRY EXPORT IN THE WORLD  2 ND LARGEST GLASS PRODUCER IN THE WORLD  TRADE WITH EU: TURKEY is EU’s 7 th TRADE PARTNER  TURKEY IS EUROPE’S: 1 ST MAKER OF TV, DVD PLAYER, BUSES 2 ND BIGGEST COMMERCIAL VEHICAL AND CEMENT MANUFACTURER 3 RD BIGGEST PRODUCER OF STEEL AND CERAMIC TILES  TURKEY IS:  EU’s 2 ND LARGEST TEXTILES SUPPLIER  EU’S 3 RD LARGEST MOTOR VEHICLE SUPPLIER

9 TURKEY IS A NET EXPORTER OF FOOD PRODUCTS AND BEVERAGES  TURKEY'S AGRICULTURAL PRODUCTION IS EQUIVALENT TO 40% AND 20% OF EU-25 PRODUCTION OF FRUITS AND VEGETABLES RESPECTIVELY.  TURKEY HAS AN AGRICULTURAL AREA EQUIVALENT OF 23% OF THE EU-25  TURKEY HOSTS 75% OF ALL PLANT SPECIES IN EUROPE EXPORTS & FOREIGN TRADE in TURKEY

10 VALUE-ADDED TAX (VAT) 1% VAT FOR:  Grain (wheat, oat, rye), dry fruit 8% VAT FOR:  Meat (red meat, chicken, fısh), dairy and animal products  Vegetables, fruits, coffee, tea, cacao, cereal, seeds, flour  Vegetable oil, animal fat, butter  Pastry, soft drinks, liquor  Accessories (bag, shoes) and textiles  Electronics, furniture, real estate 18% VAT FOR: Other goods and services TAX RATES IN TURKEY

11 PRIVATE CONSUMPTION TAX (PCT) 6.7% PCT FOR:  White goods, cameras, DVDs 20% PCT FOR:  Cosmetics and beauty products, products made of crystal and pearl, ceramic kitchen goods 275,6% PCT FOR:  Wine, sprinkled wine, liquor wıth less than 18% alcohol, liquor with more than 22% alcohol, fermented liquor, vodka, rakı TAX RATES IN TURKEY

12 2010 OUTCOMES AND FORECASTS FOR 2011  SHOPPING CENTERS: NUMBER & GLA ,7 MILLION M ,5 MILLION M (EXPECTED)8,1 MILLION M (EXPECTED)  ORGANIZED RETAIL REVENUE:TOTAL RETAIL REVENUE: BILLION USD148 BILLION USD BILLION USD (4% GROWTH)171 BILLION USD  ORGANIZED RETAIL EMPLOYMENT:TOTAL RETAIL EMPLOYMENT: MILLION (15% GROWTH)1.83 MILLION (EXPECTED) (16% GROWTH)1.85 MILLION (EXPECTED)  ORGANIZED RETAIL STORES: 2009 ON AVERAGE, 13 NEW STORES EVERY DAY ( SALES POINTS) 2010 ON AVERAGE, 20 NEW STORES EVERY DAY ( SALES POINTS) MACROECONOMIC INDICATORS of RETAIL

13 2010 OUTCOMES AND FORECASTS FOR 2011  ORGANIZED FOOD RETAIL REVENUE: BILLION USD BILLION USD (2% GROWTH)  ORGANIZED NON-FOOD RETAIL REVENUE : BILLION USD BILLION USD (8% GROWTH)  ORGANIZED FOOD RETAIL EMPLOYMENT: (10% GROWTH)  ORGANIZED NON-FOOD RETAIL EMPLOYMENT (16% GROWTH) MACROECONOMIC INDICATORS of RETAIL

14 SHOPPING CENTERS SECTOR IN TURKEY Source: JLL

15 SHOPPING CENTERS SECTOR IN TURKEY

16

17 Source: JLL

18 SHOPPING CENTERS SECTOR IN TURKEY

19 AMPD RETAIL INDEX by NIELSEN REVENUES: 48 BILLION USD in % GROWTH in 2007, 7% GROWTH in 2008, 8% GROWTH in 2009 REACHING 75 BILLION USD in 2010 EMPLOYMENT: EMPLOYEES in % GROWTH in 2007, 10% GROWTH in 2008, 10% GROWTH in 2009 REACHING 520,000 EMPLOYEES in 2010 TOTAL SALES AREA: 12 MILLION SQUAREMETERS in % GROWTH in 2007, 19% GROWTH in 2008; %14 GROWTH in 2009 REACHING 23 MILLION SQUAREMETERS in 2010

20 ORGANIZED FOOD RETAIL in 2010  REVENUE: 2% ANNUAL GROWTH  EMPLOYMENT: 10% ANNUAL GROWTH  SALES AREA: 14% ANNUAL GROWTH  STORES: 25% ANNUAL GROWTH AMPD RETAIL INDEX by NIELSEN

21 ORGANIZED NON-FOOD RETAIL in 2010  REVENUE: 8% ANNUAL GROWTH  EMPLOYMENT: 17% ANNUAL GROWTH  SALES AREA: 15% ANNUAL GROWTH  STORES: 11% ANNUAL GROWTH AMPD RETAIL INDEX by NIELSEN

22 ORGANIZED APPAREL RETAIL in 2010  REVENUE: 13% ANNUAL GROWTH  EMPLOYMENT: 28% ANNUAL GROWTH  SALES AREA: 19% ANNUAL GROWTH  STORES: 14% ANNUAL GROWTH AMPD RETAIL INDEX by NIELSEN

23  YOUNG AND HIGH POPULATION  73 MILLION POPULATION  YEARS 67%  0-14 YEARS26%  0-25 YEARS44%  AVERAGE AGE:28,5  SECOND LARGEST POPULATION in EUROPE  YOUNGEST POPULATION in EUROPE  WITH 24,7 MILLION PEOPLE IN LABOUR FORCE, 4 TH LARGEST LABOUR MARKET IN EUROPE  EVERY YEAR: GRADUATES FROM HIGH SCHOOLS, GRADUATES FROM 143 UNIVERSITIES DEMOGRAPHIC INDICATORS of TURKEY Source: TurkStat

24 60% OF THE SHOPPING CENTER VISITORS ARE BELOW 30 YEARS OF AGE. SHOPPERS INDEX: SHOPPER INDEX REFLECTS THE FREQUENCY OF THE ACT OF SHOPPING FROM ANY OF SELECTED CATEGORY OF GOODS (APPAREL, FMSCG, TEXTILE, RESTAURANT, ELECTRONICS ETC.)  AVERAGE SHOPPER INDEX FOR TURKEY :34 SHOPPER INDEX FOR YEARS: 38  AVERAGE SPENDING: 41 TL AGE GROUP 25-34: 53 TL DEMOGRAPHIC INDICATORS FOR RETAIL Source: IPSOS- KMG

25 2008  Total private consumption expenditure : 534 Billion USD Graph: 2008 annual disposable average income by deciles (USD) INCOME DISTRIBUTION OF THE POPULATION Source: TurkStat

26 INCOME DISTRIBUTION & FMCG EXPENDITURE Source: Nielsen

27 THANK YOU


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