Mining and Metal Sector Figures
Here are some essential facts and figures about the Turkish mining and metals sector:
- The share of the mining sector in Türkiye's GDP increased from 1.01 percent to 1.08 percent from 2018 to 2019.
- The sector’s total production value soared to TRY 46.7 billion in 2019 up from TRY 38.01 billion in 2018.
- Türkiye’s young, dynamic, and well-educated labor force translates into a high-quality labor pool. There are 56 mining engineering departments in 38 cities in Türkiye. The number of mining engineers in Türkiye has increased by more than 50 percent since 2005, now reaching almost 39,000. In 2019, 756 new mining engineers were added to the talent pool.
- Türkiye’s advantages for companies in the mining sector are not limited to a high-quality labor pool, but also include advantageous logistics and drilling costs, proximity to major markets, lucrative government incentives, and highly competitive taxes.
- As a result of its remarkable economic growth, years of political stability, structural reforms, and the backing of governmental bodies, Türkiye attracted USD 132 million of FDI to its mining industry in 2020. Meanwhile, mining exports in the sector totaled USD 4.27 billion in 2020.
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