Cargill has released its Economic Impact Analysis report, which scientifically demonstrates the value it brings to Türkiye. The report reveals that in 2023, Cargill contributed a total production impact of USD 1.9 billion to the Turkish economy through its direct, indirect, and induced effects.

Operating in Türkiye for more than 65 years with a mission to nourish the world in a safe, responsible, and sustainable way, Cargill has published an economic impact analysis that highlights its multidimensional contribution to the Turkish economy.

Prepared under the leadership of Assoc. Prof. Dr. Orhan Erem Ateşağaoğlu from Sabancı University and Prof. Dr. Gökhan Özertan from Boğaziçi University using an Input-Output methodology aligned with Turkish Statistical Institute (TÜİK) data, the independent report demonstrates that in 2023, Cargill generated a total production contribution of USD 1.9 billion to Türkiye’s economy through its direct, indirect, and induced impacts.

The economic impact analysis reveals the multiplier effect of Cargill’s activities within the Turkish economy. It was determined that the company’s net revenue of USD 678.3 million in 2023 created a 2.8x multiplier effect through supply chain and household expenditure channels, resulting in a total economic value of USD 1.9 billion.

One of the key findings of the report is the multiplier impact of the company’s direct value added. Accordingly, every 1 TL of direct contribution provided by the company results in an increase of 5.4 TL in Gross Domestic Product (GDP). Commenting on the report results, Murat Tarakçıoğlu, Chairperson of the Board and CEO of Cargill Foods META, emphasized Cargill’s commitment to Türkiye, stating, “We will resolutely continue to invest in the national economy and in Türkiye’s future.”