Turkey Moves Up One Rank İn İnvestment Performance

Among 34 members of Organisation for Economic Co-operation and Development (OECD) Turkey advanced from 17th to 16th place in regards to the share of gross fixed investment as a percentage of gross domestic product (GDP) compared to last year by investing roughly one fifth of its GDP.

According to data collected by Anadolu Agency (AA) from figures published by the International Monetary Fund (IMF), Australia ranked first by investing 28.5 percent of its GDP, Estonia, South Korea and Norway followed with 27 percent, 26.8 percent and 26.3 percent respectively.

Ireland ranked last with 11 percent, followed by the UK, Iceland and Greece with shares of 14 percent, 13.6  percent and 13.2 percent respectively.

According to the IMF's figures, 24 OECD countries invested less this year compared to 2012.

Predictions for 2014 suggest that Australia will still top the list despite its investment percentage being expected to decline 0.1 percent next year,  followed by South Korea investing 27.1 percent of its GDP.

Meanwhile, Turkey's share of investment is expected to reach 20.1 percent with a slight increase. - Ankara