ISTANBUL PROPERTY INVESTMENT
INTERNATIONAL MARKETING COMPANY
 
 

We are a bridge between Turkish property developers and International property investors.



 


ISTANBUL HOUSE  INVESTMENT

 
Real Estate Sector in Turkey
Real Estate in Istanbul
Buying Process
Taxes
Turkish citizenship & Residency
Invest in Turkey
Living in Turkey
Prior to Arrival in Turkey
Establishing a Business in Turkey
Transferring Assets
Cost of Doing Business in Turkey
Financing a Business
Incentives
Employees and Social Security
Demography and Labor Force
Regulatory and Supervisory Authorities
 
Macroeconomic Indicators
FDI in Turkey
Foreign Trade
Investment Legislation
Media
Tourism in Turkey
Useful information About Istanbul

Demography and Labor Force 

1. DEMOGRAPHY: Turkey is located in the UTC+2 (GMT+2) time zone, which enables it to communicate with both eastern and western countries during the same working day.

Area : Turkey’s 783,562.38 km2 of land is divided into seven geographical regions: the Marmara, the Aegean, the Mediterranean, the Southeastern Anatolia, the Eastern Anatolia, the Central Anatolia, and the Black Sea. The country is surrounded by four seas: the Mediterranean Sea, the Aegean Sea, the Sea of Marmara, and the Black Sea.

Population :Turkey has a total population of 74 million, with half of the population under the age of 29.3.
Population-Age Groups Pyramid (2010)

Source: Turkish Statistical Institute (TurkStat) and United Nations (UN) 
2. LABOR FORCE
Turkey has a total population of 74 million, of which more than 25 million people are active in the labor force. Turkey has the 4th largest labor force when compared with the EU countries.
Labor Force (in millions) - 2010

 

Source: International Labor Organization (ILO)
Turkey’s young population is an important contributor to labor force growth and has helped Turkey to rank above its competitors.
The distribution of the workforce among many diverse sectors reflects the wealth of opportunities offered to investors. Turkey is very competitive in terms of labor cost and productivity. It has witnessed a stable increasing trend in labor productivity, together with a decreasing trend in real unit wage.
Productivity and Real Unit Wages Index in Industry
(Per Worker; 2005=100)

Source: Turkish Statistical Institute (TurkStat)
Labor Cost Per Hour (USD) 2010*

Source: Economist Intelligence Unit (EIU)
*Average cost of labor per hour (pay and non-pay costs)

The Turkish labor market is one of the best in the world thanks to the qualifications, skills, dedication, and motivation it offers.
Turkey has a young, dynamic labor force, and a strong work ethic is an important part of Turkey's work culture. The workplace as an institution is cherished in Turkey, as it allows individuals to utilize their skills and to work towards self-advancement. The labor force's dedication to work is shown via Turkey's high productivity, low absenteeism, and its status as one of the countries with the highest annual working hour rates.
Average Number of Sick Days Per Employee
Per Year in Europe (2008)

 Source: MERCER-Pan-European Employer Health Benefits Issues Survey 2008
Hours Worked Per Week of Full Time Employment -
Annual Average (2010)
 


Source: Eurostat
3. EDUCATIO 
Around 3 million students in tertiary education
Approximately 500,000 graduates from 156 universities
World-class engineering education
 Number of Students Enrolled in Tertiary Education – 2009

 

 Source:  Eurostat
 
Number of Graduates in Tertiary Education – 2009
 

Source: Eurostat
Number of Students Enrolled in the Field of Engineering, Manufacturing & Construction (Tertiary Education) – 2009
 

 Source:  Eurostat
Number of Graduates in the field of Engineering, Manufacturing & Construction (Tertiary Education) – 2009
 

Source:  Eurostat

 
Istanbul House Investment 
Phone and Fax:
+90 (212)  256 80 06 -  256 69 80 - 256 65 69
Address:
Aydede Cad. No: 4/3, Taksim, Istanbul, Turkey
E-mail: 
marketing@istanbulhouseinvestment.com     www.istanbulhouseinvestment.com