What role do Turkish businesses play in the German economy?

Germany has a significant Turkish population, with over 3 million people of Turkish descent residing in the country. Turkish businesses have a long history in Germany, with many established in the 1960s and 1970s to serve the growing demand for labor in the manufacturing and construction industries. Today, Turkish businesses in Germany are involved in a wide range of sectors, including wholesale and retail trade, construction, transportation, and hospitality.

The presence of Turkish businesses has had a positive impact on the German economy, contributing to job creation, innovation, and economic growth. According to a study by the German Federal Employment Agency, Turkish businesses in Germany employed over 270,000 people and generated over 30 billion euros in revenue in 2019. Turkish businesses have also played a significant role in promoting trade between Germany and Turkey, with many German companies relying on Turkish businesses as suppliers and distributors.

Turkish businesses have faced some challenges in Germany, including discrimination and limited access to financing. However, the German government has taken steps to support Turkish businesses, including providing financing and business advisory services. Additionally, the presence of Turkish businesses has contributed to greater diversity in the German economy, with many Turkish entrepreneurs bringing their unique perspectives and experiences to the business community.