Manufacturing Pumps ₺559B Profit While Education Sector Sinks

The Turkish Statistical Institute (TÜİK) has released its consolidated sector balance sheets for 2024, covering the financial performance of 1,104,027 companies nationwide.

According to the report, total assets across all firms reached ₺95.8 trillion, while total equity amounted to ₺48.6 trillion. The results show the manufacturing sector not only holds the largest asset base but also recorded the highest net profit among all industries.

Sectoral Breakdown

• Largest number of firms:
  The wholesale and retail trade, motor vehicle and motorcycle repair sector led with 356,062 firms, making it the most crowded sector by company count.
  Manufacturing accounted for 16.4% of all firms, underscoring its central role in Turkey’s productive base.

• Top assets:

  • Manufacturing: ₺25.68 trillion

  • Wholesale & retail trade: ₺18.58 trillion

  • Other sectors trailed significantly behind.

• Equity strength:
  Manufacturing again dominated with ₺13.28 trillion in equity, securing the top spot in financial resilience.

Profitability Rankings

In 2024, total net profit across all sectors stood at ₺1.95 trillion.

• Manufacturing: ₺559.1 billion (highest net profit)

• Wholesale & retail trade: ₺299.6 billion

• Professional, scientific, and technical activities: ₺286.2 billion

By contrast, some sectors closed the year with losses:

• Education: ₺3.1 billion net loss

• Water supply, sewerage, and waste management: ₺1.7 billion net loss

Meanwhile, total net sales across all firms amounted to ₺78.25 trillion, with operating profit at ₺3.75 trillion.

Important Takeaways

• Manufacturing remains the engine of Turkey’s economy, leading in assets, equity, and profit.

• Retail trade shows strong volume but lower profitability relative to manufacturing.

• Service-based sectors like professional and scientific activities emerged as significant profit generators.

• Structural weaknesses remain in education and waste management, which reported annual losses.

The balance sheets highlight an economy where industrial production and trade remain dominant, but diversification challenges continue.