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City Review

Istanbul City Review

Aug 2017

US$725

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

The business and finance capital of Turkey, Istanbul is the country's largest metropolis with 15.2 million inhabitants in 2016. The city was 19% wealthier than Ankara, yet ranked below most Western European cities, by GDP per capita, in 2016. The central government aims to transform Istanbul into a key international financial centre, particularly by serving as a hub for Islamic banking and Arab investment funds, but political uncertainty hitting the economy in late 2016 complicates this process.

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Overview

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ISTANBUL HIGHLIGHTS

Labour productivity (gross value added (GVA) per employee) in Istanbul was USD38,000 in 2016, 50% higher than in the rest of the country and 21% above that in Ankara. Istanbul's geographic location favours trade (exports were 38% of GDP versus 9% in Ankara. The city is the country's prominent financial centre.

Greater labour productivity boosts average disposable income per household

Higher labour productivity boosts average disposable income per household in Istanbul. It was 41% higher compared with the average across the rest of Turkey and 1.4% higher than in Ankara, in 2016.

Greater per household expenditure

Per household expenditure (excluding housing and transport), USD18,900 in 2016, was 22% higher in the city compared to the rest of Turkey, yet at same level as in Ankara. Food and non-alcoholic expenditure in Istanbul was 7.9% higher than elsewhere in Turkey and a mere 1.1% lower than in Ankara. Among discretionary items, household expenditure on hotels and restaurants in Istanbul in 2016 was nearly 69% higher than elsewhere in Turkey and 10% more than in Ankara the same year.

higher spending on housing

Altogether, household expenditure on transport and housing in Istanbul (USD11,500 in 2016) exceeded the rest of the country's average by 42%. However, once again, the figure was equal to that in Ankara. Spending on housing in Istanbul was notably 65% higher than elsewhere in Turkey and 19% more than in Ankara, in 2016.

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ISTANBUL REVIEW AT A GLANCE

Understanding Istanbul Review structure

Chart 1 Overview

Key facts on Istanbul

Summary 1 Key Facts On Istanbul 2011, 2016, 2021

ISTANBUL HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Istanbul Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Istanbul 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Istanbul, Turkey And Other Cities In Western Europe, 2011-2021
Summary 2 Labour Market Changes In Istanbul 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Istanbul 2011-2016

Household income

Chart 8 Household Distribution By Income In Istanbul 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Istanbul And Turkey, 2016
Summary 3 Istanbul Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

Third Most Visited City In Europe
Traffic Congestion Caused By Bosphorus Strait

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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City Review

Istanbul City Review

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About This Report

New Report Guarantee

Overview

Why buy this report?

ISTANBUL HIGHLIGHTS

Greater labour productivity boosts average disposable income per household

Greater per household expenditure

higher spending on housing

Want to find out more about this report?

Table of Contents

ISTANBUL REVIEW AT A GLANCE

Understanding Istanbul Review structure

Key facts on Istanbul

ISTANBUL HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Recently Viewed

Megatrends

City Review

Istanbul City Review

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

ISTANBUL HIGHLIGHTS

Greater labour productivity boosts average disposable income per household

Greater per household expenditure

higher spending on housing

Want to find out more about this report?

Table of Contents

ISTANBUL REVIEW AT A GLANCE

Understanding Istanbul Review structure

Key facts on Istanbul

ISTANBUL HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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Recently Viewed

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