24/04/2026
Istanbul’s economy has long been tied to trade, as it is a port city that throughout history has been influenced by international trade. Modern Istanbul is the financial capital of Turkey in large part because of its location along the Bosporus strait and split between Europe and Asia. Istanbul generates approximately 40 percent of Turkey’s gross domestic product (GDP) each year.
In addition to being a port and trading center, modern Istanbul is also an important industrial center. Some of the most important industries in the city are food processing, textile production, and oil products. Many of the products made in Turkey are exported to other countries, and Istanbul is also an important location for exporting goods. Approximately 36 percent of the goods exported from the country leave via Istanbul. Tourism and the service industry overall are growing industries in Istanbul.