ounted for 26% and the services sector 65%. However, agriculture still accounted for 24.7% of employment. In 2004, it was estimated that 46% of total disposable income was received by the top of 20% income earners, while the lowest 20% received 6%. According to Eurostat data, Turkish PPS GDP per capita stood at 49% of the EU average in 2010.
Turkey has taken advantage of the European Union – Turkey Customs Union, signed in 1995, to increase its industrial production destined for exports, while at the same time benefiting from EU-origin foreign investment into the country. Turkey now has also opportunity of a free trade agreement with the European Union (EU) – without full membership – that allows it to manufacture for tarif-free sale throughout the EU market.
By 2009 exports were $110 bn and in 2010 it was $117 bn (main export partners in 2009: Germany 10%, France 6%, UK 6%, Italy 6%, Iraq 5%). However larger imports, which amounted to $166 billion in 2010, threatened the balance of trade (main import partners in 2009: Russia 14%, Germany 10%, China 9%, US 6%, Italy 5%, France 5%).
After years of low levels of foreign direct investment (FDI), Turkey succeeded in attracting $22 billion in FDI in 2007 and is expected to attract a higher figure in following years. A series of large privatisations, the stability fostered by the start of Turkey's EU accession negotiations, strong and stable growth, and structural changes in the banking, retail, and telecommunications sectors have all contributed to a rise in foreign investment
