Turkey Gross Savings Rate
1998 - 2023 | Quarterly | % | CEIC Data
Key information about Turkey Gross Savings Rate
- Turkey Gross Savings Rate was measured at 24.3% in Jun 2023, compared with 24.3% in the previous quarter.
- Turkey Gross Savings Rate is updated quarterly, with data available from Mar 1998 to Jun 2023, and an average rate of 24.3%.
- The data reached an all-time high of 24.3% in Sep 2018 and a record low of 14.8% in Mar 2000.
- CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is calculated as the sum of Household, NPISHs and Government Consumption Expenditure. Turkish Statistical Institute provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
- In the latest reports, Turkey GDP expanded 4.0% YoY in Mar 2023.
- Turkey Nominal GDP reached 245,496.5 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 77.3% in Mar 2023.
- Turkey GDP Per Capita reached 10,655.5 USD in Dec 2022.
View Turkey's Gross Savings Rate from Mar 1998 to Jun 2023 in the chart:
What was Turkey's Gross Savings Rate in Jun 2023?
Turkey Gross Savings Rate was measured at 24.3% in Jun 2023, compared with 24.3% in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 24.3 Jun 2023 | 25.5 Mar 2023 | 14.8 Mar 2000 | 32.7 Sep 2018 | % | quarterly | Mar 1998 - Jun 2023 |
Gross Savings Rate by Country Comparison
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Includes Gross Savings Rate on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 17.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 36.2 2021 | yearly | 2000 - 2021 |
| Argentina (%) | 11.0 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Armenia (%) | 13.7 Jun 2023 | quarterly | Dec 1994 - Jun 2023 |
| Australia (%) | 29.6 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 28.0 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Azerbaijan (%) | 44.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Bahrain (%) | 34.4 2021 | yearly | 1989 - 2021 |
| Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
| Belarus (%) | 28.2 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
| Belgium (%) | 25.1 Sep 2022 | quarterly | Mar 1980 - Sep 2022 |
| Bolivia (%) | 15.3 Mar 2023 | quarterly | Mar 1990 - Mar 2023 |
| Bosnia and Herzegovina (%) | 12.4 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
| Botswana (%) | 29.6 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Brazil (%) | 17.4 Jun 2023 | quarterly | Mar 1991 - Jun 2023 |
| Brunei (%) | 60.0 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (%) | 20.4 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Cambodia (%) | 27.2 2021 | yearly | 1993 - 2021 |
| Canada (%) | 20.0 Jun 2023 | quarterly | Mar 1961 - Jun 2023 |
| Chile (%) | 19.9 Jun 2023 | quarterly | Mar 1996 - Jun 2023 |
| China (%) | 45.9 2021 | yearly | 1952 - 2021 |
| Colombia (%) | 8.6 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Croatia (%) | 22.8 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Cyprus (%) | 18.4 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Czech Republic (%) | 31.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (%) | 31.1 Mar 2023 | quarterly | Mar 1990 - Mar 2023 |
| Ecuador (%) | 23.3 Sep 2022 | quarterly | Mar 1991 - Sep 2022 |
| Egypt (%) | 6.7 2017 | yearly | 1990 - 2017 |
| Estonia (%) | 29.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| European Union (%) | 26.7 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Finland (%) | 22.2 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
| France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
| Georgia (%) | 25.7 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Germany (%) | 29.6 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Ghana (%) | 19.9 2021 | yearly | 2006 - 2021 |
| Greece (%) | 8.1 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Hong Kong SAR, China (%) | 18.9 Mar 2023 | quarterly | Mar 1999 - Mar 2023 |
| Hungary (%) | 28.0 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Iceland (%) | 20.6 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| India (%) | 30.2 2022 | yearly | 1951 - 2022 |
| Indonesia (%) | 37.9 Jun 2023 | quarterly | Mar 2010 - Jun 2023 |
| Iran (%) | 36.8 Mar 2022 | quarterly | Jun 1988 - Mar 2022 |
| Ireland (%) | 62.1 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Israel (%) | 30.2 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Italy (%) | 20.6 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Ivory Coast (%) | 20.7 2022 | yearly | 1960 - 2022 |
| Japan (%) | 28.8 Mar 2022 | quarterly | Mar 1980 - Mar 2022 |
| Jordan (%) | 1.1 2022 | yearly | 1963 - 2022 |
| Kazakhstan (%) | 44.9 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 12.1 2022 | yearly | 2006 - 2022 |
| South Korea (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Kosovo (%) | 18.4 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Kuwait (%) | 31.1 2019 | yearly | 1970 - 2019 |
| Kyrgyzstan (%) | -4.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Laos (%) | 18.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 18.5 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Lebanon (%) | -21.7 2020 | yearly | 1990 - 2020 |
| Lithuania (%) | 28.6 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Luxembourg (%) | 52.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 16.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| North Macedonia (%) | 13.4 Sep 2022 | quarterly | Mar 2000 - Sep 2022 |
| Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
| Malaysia (%) | 26.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Malta (%) | 39.4 Jun 2023 | quarterly | Mar 1992 - Jun 2023 |
| Mauritius (%) | 13.4 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Mexico (%) | 17.3 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Moldova (%) | -6.4 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Mongolia (%) | 35.8 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Montenegro (%) | 19.4 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Morocco (%) | 27.2 2022 | yearly | 1975 - 2022 |
| Mozambique (%) | 12.4 2021 | yearly | 1969 - 2021 |
| Myanmar (%) | 28.7 2018 | yearly | 1996 - 2018 |
| Nepal (%) | 31.4 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 28.2 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| New Zealand (%) | 20.3 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
| Nigeria (%) | 32.7 2021 | yearly | 1981 - 2021 |
| Norway (%) | 35.9 Jun 2023 | quarterly | Mar 1978 - Jun 2023 |
| Oman (%) | 18.8 2021 | yearly | 1980 - 2021 |
| Pakistan (%) | 6.0 2023 | yearly | 2000 - 2023 |
| Palestinian Territory (%) | 9.0 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Panama (%) | 35.8 2021 | yearly | 1960 - 2021 |
| Paraguay (%) | 20.5 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Peru (%) | 19.8 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
| Philippines (%) | 10.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (%) | 23.3 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Portugal (%) | 16.9 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Qatar (%) | 68.9 Sep 2022 | quarterly | Mar 2013 - Sep 2022 |
| Romania (%) | 22.0 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Russia (%) | 31.9 Sep 2022 | quarterly | Mar 1993 - Sep 2022 |
| Saudi Arabia (%) | 37.7 Jun 2023 | quarterly | Mar 2003 - Jun 2023 |
| Serbia (%) | 14.5 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Singapore (%) | 49.2 2022 | yearly | 1960 - 2022 |
| Slovakia (%) | 18.6 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
| Slovenia (%) | 26.3 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| South Africa (%) | 14.5 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
| Spain (%) | 24.2 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Sri Lanka (%) | 26.1 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
| Sweden (%) | 30.6 Jun 2023 | quarterly | Mar 1980 - Jun 2023 |
| Switzerland (%) | 33.4 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.8 Jun 2023 | quarterly | Dec 2006 - Jun 2023 |
| Consolidated Fiscal Balance (USD mn) | 1,544.405 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Tax Revenue (USD mn) | 17,027.412 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Tax Revenue: % of GDP (%) | 17.7 Jun 2023 | quarterly | Mar 2006 - Jun 2023 |
| National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
| Government Debt: % of GDP (%) | 31.2 Mar 2023 | quarterly | Dec 2001 - Mar 2023 |
| Forecast: Government Expenditure (TRY bn) | 24,428.271 2028 | yearly | 2000 - 2028 |
| Forecast: Government Net Debt (TRY bn) | 30,483.855 2028 | yearly | 2000 - 2028 |
| Forecast: Government Revenue (TRY bn) | 20,394.518 2028 | yearly | 2000 - 2028 |
| General Budget: Revenue (TRY mn) | 629,670.410 Aug 2023 | monthly | Jan 2005 - Aug 2023 |
| General Budget: Expenditure (TRY mn) | 567,774.550 Aug 2023 | monthly | Jan 2005 - Aug 2023 |
| General Budget: Cash Balance (TRY mn) | 61,908.980 Aug 2023 | monthly | Jan 2005 - Aug 2023 |
| General Budget: ytd: Revenue (TRY th) | 2,336,433,249.862 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 2,792,065,815.802 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| General Budget: ytd: Revenue: Tax (TRY th) | 2,052,627,798.524 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 94,893,794.431 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 1,326,855,011.348 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| General Budget: ytd: Balance (TRY th) | -455,632,565.940 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 678,221,397.470 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.230 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -8,483.7 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 0.9 May 2023 | monthly | Jan 2014 - May 2023 |
| Aluminum: Exports (USD th) | 5,241,090.145 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 1,290,644.710 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 651,764.672 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 6.5 May 2023 | monthly | Jan 2014 - May 2023 |
| Imports: Medicament (USD th) | 2,306,593.258 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,692,489.997 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 1,101.433 Jul 2023 | monthly | Apr 1964 - Jul 2023 |
| Total Imports from USA (USD mn) | 1,602.211 Jul 2023 | monthly | Apr 1964 - Jul 2023 |
| Total Exports to China (USD mn) | 230.084 Jul 2023 | monthly | Jan 2013 - Jul 2023 |
| Total Imports from China (USD mn) | 3,755.512 Jun 2023 | monthly | Sep 1992 - Jun 2023 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.6 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| Household Debt: % of GDP (%) | 11.9 Mar 2023 | quarterly | Dec 2014 - Mar 2023 |
| Non-Performing Loans (USD mn) | 6,291.764 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Money Supply M1 (USD mn) | 162,297.620 Jun 2023 | monthly | Dec 1963 - Jun 2023 |
| Money Supply M2 (USD mn) | 426,879.165 Jul 2023 | monthly | Dec 1976 - Jul 2023 |
| M2 Growth (%) | 65.4 Jul 2023 | monthly | Dec 1977 - Jul 2023 |
| Reserve Requirement Ratio (%) | 8.0 Aug 2023 | monthly | Jan 2011 - Aug 2023 |
| Foreign Exchange Reserves (USD mn) | 62,651.0 Jul 2023 | monthly | Apr 2000 - Jul 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 5.917 Jun 2023 | quarterly | Jun 2000 - Jun 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.9 Jul 2023 | monthly | Apr 2000 - Jul 2023 |
| Gold Reserves (USD mn) | 41,432.000 Jun 2023 | monthly | Dec 1956 - Jun 2023 |
| Total Deposits (USD mn) | 461,924.029 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Total Deposits Growth (%) | 67.0 Jul 2023 | monthly | Dec 2003 - Jul 2023 |
| Domestic Credit (USD mn) | 494,159.0 Jul 2023 | monthly | Jan 1986 - Jul 2023 |
| Domestic Credit Growth (%) | 64.4 Jul 2023 | monthly | Jan 1987 - Jul 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 14.000 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
| Credit to Households (USD bn) | 87.405 Dec 2022 | quarterly | Mar 1986 - Dec 2022 |
| Credit to Private Non-Financial Sector (USD bn) | 525.942 Dec 2022 | quarterly | Mar 1986 - Dec 2022 |
| Household Debt (USD mn) | 80,564.3 Jul 2023 | monthly | Jan 1986 - Jul 2023 |
| Total Loans (USD mn) | 315,180.676 Jun 2023 | monthly | Jan 1986 - Jun 2023 |
| Total Loans Growth (%) | 59.54 Jul 2023 | monthly | Jan 1987 - Jul 2023 |
| Private Debt: % of Nominal GDP (%) | 37.91 Mar 2023 | quarterly | Dec 1998 - Mar 2023 |
| Money Supply: M3 (TRY th) | 11,779,794,006.000 Jul 2023 | monthly | Dec 2005 - Jul 2023 |
| Consumer Loans: BS: Non Performing (TRY mn) | 26,407.780 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.602 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 3.2 Aug 2023 | monthly | Jan 2008 - Aug 2023 |
| Composite Leading Indicator Index: Trend Restored (NA) | 279.170 Jun 2023 | monthly | Dec 1987 - Jun 2023 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 104.600 Aug 2023 | monthly | Jan 2007 - Aug 2023 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 114.280 Aug 2023 | monthly | Jan 2011 - Aug 2023 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 87.430 Aug 2023 | monthly | Jan 2011 - Aug 2023 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 115.330 Aug 2023 | monthly | Jan 2011 - Aug 2023 |
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