QUALIFIED DEMOGRAPHICS

The young and well-educated population of Türkiye is a great asset as investors are facing considerable challenges elsewhere in Europe with ageing and shrinking populations.

Türkiye offers excellent opportunities with its growing, young and dynamic population - the driving force behind a strong workforce and a lucrative domestic market.

In 2020, the population of Turks was registered at 83.6 million. According to the Turkish Statistical Institute (TurkStat), it is expected to reach 86.9 million by 2023 and 100.3 million by 2040. The population is expected to keep growing until 2069, when it will peak at 107.6 million.

Turkey has the largest youth population among EU member states, with half of the population under the age of 32.7 in 2020.

The old-age dependency ratio among Turks has continued to trend downward over the past decade, and the government has become more flexible in spending on health care, social security and education. Below is the chart showing the Age Dependency Ratio by Region (2020, % of working-age population)