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Browse Profiles > Turkey > Business Indicators

	Score	Rank
Standards Compliance Index	38.33 out of 100	46
Business Indicator Index	7.48 out of 12	48

Turkey

Business Indicators

With an overall score of 7.48/12, Turkey is progressing toward standard on the economic, legal and political indicators that make up our Business Index. Turkey is a market-based mixed economy where, in 2004, government consumption equaled 13.2 percent of GDP and 7.5 percent of government revenues came from state-owned enterprises and government ownership of property. Turkey welcomes foreign investment and provides tax incentives, especially to promote manufacturing and exports. However, a number of deterrents to investment exist, including excessive bureaucracy, a weak judicial system, weak corporate governance, and frequent and unclear changes to the regulatory environment. Property rights are recognized and enforced. Corruption is an obstacle to investors, reflected by Turkey ranking of 60th out of 163 countries in Transparency International's 2006 Corruption Perception Index.

Business Indicators

Forex Regulations - Capital Controls

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