Turkey M2 Growth
Key information about Turkey M2 Growth
- Turkey Money Supply M2 increased 66.5 % YoY in Dec 2023, compared with a growth of 65.8 % in the previous month
- Turkey Money Supply M2 growth data is updated monthly, available from Dec 1977 to Dec 2023
- The data reached an all-time high of 179.0 % in Mar 1995 and a record low of 6.6 % in Aug 2012
CEIC calculates M2 Growth Rate from monthly M2. The Central Bank of the Republic of Turkey provides M2 in local currency.
Further information about Turkey M2 Growth
- In the latest reports, Turkey Foreign Exchange Reserves was measured at 85.2 USD bn in Dec 2023
- The Foreign Exchange Reserves equaled 2.9 Months of Import in Nov 2023
- Turkey Domestic Credit reached 508.7 USD bn in Dec 2023, representing an increased of 55.9 % YoY
- The country's Non Performing Loans Ratio stood at 1.6 % in Dec 2023, compared with the ratio of 1.5 % in the previous month
- Household Debt of Turkey reached 87.9 USD bn in Dec 2023, accounting for 11.7 % of the country's Nominal GDP
View Turkey's M2 Growth from Dec 1977 to Dec 2023 in the chart:
What was Turkey's M2 Growth in Dec 2023?
Turkey Money Supply M2 increased 66.5 % YoY in Dec 2023, compared with a growth of 65.8 % in the previous month See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
66.5 Dec 2023 | 65.8 Nov 2023 | 6.6 Aug 2012 | 179.0 Mar 1995 | % | monthly | Dec 1977 - Dec 2023 |
M2 Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 4.0 Jan 2024 | monthly | Dec 1994 - Jan 2024 |
Algeria (%) | 14.5 Dec 2022 | monthly | Jan 2002 - Dec 2022 |
Argentina (%) | 199.9 Dec 2023 | monthly | Jan 1991 - Dec 2023 |
Armenia (%) | 20.8 Nov 2023 | monthly | Jan 2003 - Nov 2023 |
Australia (%) | 4.5 Jan 2024 | monthly | Mar 1966 - Jan 2024 |
Austria (%) | -0.1 Dec 2023 | monthly | Sep 1998 - Dec 2023 |
Azerbaijan (%) | 19.7 May 2023 | monthly | Dec 1996 - May 2023 |
Bahrain (%) | 5.0 Dec 2023 | monthly | Dec 1975 - Dec 2023 |
Bangladesh (%) | 8.6 Dec 2023 | monthly | Jun 1987 - Dec 2023 |
Belarus (%) | 34.7 Dec 2023 | monthly | Dec 1990 - Dec 2023 |
Belgium (%) | -3.4 Jan 2024 | monthly | Dec 1997 - Jan 2024 |
Bolivia (%) | 6.2 Sep 2023 | monthly | Dec 1988 - Sep 2023 |
Bosnia and Herzegovina (%) | 7.6 Dec 2023 | monthly | Aug 1998 - Dec 2023 |
Botswana (%) | 8.6 Nov 2023 | monthly | Jan 2002 - Nov 2023 |
Brazil (%) | 15.2 Dec 2023 | monthly | Jan 1971 - Dec 2023 |
Bulgaria (%) | 8.8 Jan 2024 | monthly | Dec 1996 - Jan 2024 |
Cambodia (%) | 12.5 Dec 2023 | monthly | Jan 1996 - Dec 2023 |
Canada (%) | 3.9 Dec 2023 | monthly | Jan 1969 - Dec 2023 |
Chile (%) | 6.2 Jan 2024 | monthly | Jan 1987 - Jan 2024 |
China (%) | 8.7 Jan 2024 | monthly | Mar 1997 - Jan 2024 |
Colombia (%) | 7.8 Jan 2024 | monthly | Dec 1980 - Jan 2024 |
Croatia (%) | 2.5 Jan 2024 | monthly | Jun 1995 - Jan 2024 |
Cyprus (%) | -5.2 2014 | yearly | 2006 - 2014 |
Czech Republic (%) | 8.9 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Denmark (%) | 3.4 Aug 2017 | monthly | Jan 1996 - Aug 2017 |
Ecuador (%) | 6.7 Dec 2023 | monthly | Dec 2007 - Dec 2023 |
Egypt (%) | 19.9 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Estonia (%) | 5.4 Jan 2024 | monthly | Jan 2012 - Jan 2024 |
European Union (%) | -1.2 Jan 2024 | monthly | Jan 1981 - Jan 2024 |
Finland (%) | -19.2 Jan 2024 | monthly | Jan 1981 - Jan 2024 |
France (%) | -1.2 Jan 2024 | monthly | Dec 1978 - Jan 2024 |
Georgia (%) | 28.5 Jan 2024 | monthly | Oct 1996 - Jan 2024 |
Germany (%) | -1.2 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
Ghana (%) | 37.2 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Greece (%) | 0.3 Jan 2024 | monthly | Jan 2002 - Jan 2024 |
Hong Kong SAR, China (%) | 2.1 Jan 2024 | monthly | Dec 1981 - Jan 2024 |
Hungary (%) | -0.4 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
Iceland (%) | 8.0 Jan 2024 | monthly | Sep 1987 - Jan 2024 |
India (%) | 7.0 Dec 2023 | monthly | Mar 1995 - Dec 2023 |
Indonesia (%) | 5.4 Jan 2024 | monthly | Feb 1969 - Jan 2024 |
Iran (%) | 26.9 Sep 2023 | monthly | Dec 2000 - Sep 2023 |
Ireland (%) | 5.0 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Israel (%) | -5.8 Nov 2023 | monthly | Apr 1982 - Nov 2023 |
Italy (%) | -2.7 Dec 2023 | monthly | Dec 1975 - Dec 2023 |
Ivory Coast (%) | 7.8 Nov 2023 | monthly | Jan 2005 - Nov 2023 |
Japan (%) | 2.4 Jan 2024 | monthly | Jan 1968 - Jan 2024 |
Jordan (%) | 3.1 Jan 2024 | monthly | Jan 1991 - Jan 2024 |
Kazakhstan (%) | 16.8 Dec 2023 | monthly | Dec 1994 - Dec 2023 |
Kenya (%) | 10.1 Oct 2023 | monthly | Dec 1996 - Oct 2023 |
South Korea (%) | 3.9 Dec 2023 | monthly | Jan 1971 - Dec 2023 |
Kosovo (%) | 11.7 2022 | yearly | 2002 - 2022 |
Kuwait (%) | 1.0 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
Kyrgyzstan (%) | 7.9 Nov 2023 | monthly | Jan 1995 - Nov 2023 |
Laos (%) | 31.2 Sep 2023 | quarterly | Dec 2000 - Sep 2023 |
Latvia (%) | 4.0 Jan 2024 | monthly | Jan 2015 - Jan 2024 |
Lebanon (%) | -5.5 Nov 2023 | monthly | Dec 1980 - Nov 2023 |
Lithuania (%) | 2.8 Jan 2024 | monthly | Dec 1994 - Jan 2024 |
Luxembourg (%) | -8.3 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Macau SAR, China (%) | 2.0 Jan 2024 | monthly | Jun 1985 - Jan 2024 |
North Macedonia (%) | 7.1 Jan 2024 | monthly | Jan 2004 - Jan 2024 |
Malawi (%) | 36.0 Jun 2023 | monthly | Jan 1976 - Jun 2023 |
Malaysia (%) | 5.9 Jan 2024 | monthly | Dec 1970 - Jan 2024 |
Malta (%) | 4.8 Jan 2024 | monthly | Jan 2009 - Jan 2024 |
Mauritius (%) | 8.3 Dec 2023 | monthly | Jul 1977 - Dec 2023 |
Mexico (%) | 10.3 Jan 2024 | monthly | Dec 1986 - Jan 2024 |
Moldova (%) | 19.1 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
Mongolia (%) | 26.1 Jan 2024 | monthly | Dec 1997 - Jan 2024 |
Montenegro (%) | 22.9 2022 | yearly | 2003 - 2022 |
Morocco (%) | 6.7 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
Mozambique (%) | 3.3 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Myanmar (%) | 8.6 Mar 2023 | quarterly | Dec 2002 - Mar 2023 |
Nepal (%) | 14.4 Dec 2023 | monthly | Jan 2002 - Dec 2023 |
Netherlands (%) | -1.6 Dec 2023 | monthly | Dec 1957 - Dec 2023 |
New Zealand (%) | 3.8 Jan 2024 | monthly | Mar 1989 - Jan 2024 |
Nigeria (%) | 75.8 Jan 2024 | monthly | Nov 1993 - Jan 2024 |
Norway (%) | -1.5 Jan 2024 | monthly | Dec 1993 - Jan 2024 |
Oman (%) | 13.1 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Pakistan (%) | 17.8 Dec 2023 | monthly | Jan 1989 - Dec 2023 |
Palestinian Territory (%) | 3.1 Jan 2024 | monthly | Jul 2003 - Jan 2024 |
Panama (%) | 2.9 Nov 2023 | monthly | Dec 2003 - Nov 2023 |
Paraguay (%) | 10.4 Jan 2024 | monthly | Dec 1989 - Jan 2024 |
Peru (%) | 1.7 Jan 2024 | monthly | Jan 1993 - Jan 2024 |
Philippines (%) | 7.3 Nov 2023 | monthly | Dec 1989 - Nov 2023 |
Poland (%) | 7.8 Jan 2024 | monthly | Dec 1997 - Jan 2024 |
Portugal (%) | -0.0 Jan 2024 | monthly | Dec 1980 - Jan 2024 |
Qatar (%) | 4.6 Jan 2024 | monthly | Jan 1983 - Jan 2024 |
Romania (%) | 10.8 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Russia (%) | 19.0 Jan 2024 | monthly | Dec 1992 - Jan 2024 |
Saudi Arabia (%) | 10.7 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Serbia (%) | 20.7 Jan 2024 | monthly | Aug 2002 - Jan 2024 |
Singapore (%) | 4.3 Jan 2024 | monthly | Mar 2005 - Jan 2024 |
Slovakia (%) | 3.1 Jan 2024 | monthly | Dec 2001 - Jan 2024 |
Slovenia (%) | 4.4 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
South Africa (%) | 6.6 Jan 2024 | monthly | Mar 1966 - Jan 2024 |
Spain (%) | -0.2 Dec 2023 | monthly | Jan 1963 - Dec 2023 |
Sri Lanka (%) | 9.4 Dec 2023 | monthly | Jan 1995 - Dec 2023 |
Sudan (%) | 43.9 Feb 2023 | monthly | Dec 2004 - Feb 2023 |
Sweden (%) | -2.1 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
Switzerland (%) | -10.4 Jun 2023 | monthly | Dec 1985 - Jun 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.3 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -6,138.900 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Tax Revenue (USD mn) | 17,224.697 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Tax Revenue: % of GDP (%) | 18.0 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
Government Debt: % of GDP (%) | 30.5 Sep 2023 | quarterly | Dec 2001 - Sep 2023 |
Forecast: Government Expenditure (TRY bn) | 62,930.420 2028 | yearly | 2000 - 2028 |
Forecast: Government Net Debt (TRY bn) | 60,762.080 2028 | yearly | 2000 - 2028 |
Forecast: Government Revenue (TRY bn) | 56,428.620 2028 | yearly | 2000 - 2028 |
General Budget: Revenue (TRY mn) | 621,736.130 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: Expenditure (TRY mn) | 828,571.320 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: Cash Balance (TRY mn) | -206,835.190 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
General Budget: ytd: Expenditure (EX) (TRY th) | 792,615,929.422 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Revenue (TRY th) | 608,284,871.421 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Revenue: Tax (TRY th) | 517,201,252.022 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 15,799,069.582 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 346,732,972.724 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Balance (TRY th) | -184,331,058.001 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
General Budget: ytd: Revenue: Tax: Direct (TRY th) | 136,802,612.677 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
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) | 1,223.646 Jan 2024 | monthly | Apr 1964 - Jan 2024 |
Total Imports from USA (USD mn) | 1,401.861 Jan 2024 | monthly | Apr 1964 - Jan 2024 |
Total Exports to China (USD mn) | 277.500 Jan 2024 | monthly | Jan 2013 - Jan 2024 |
Total Imports from China (USD mn) | 2,893.078 Jan 2024 | monthly | Sep 1992 - Jan 2024 |
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 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Household Debt: % of GDP (%) | 11.7 Sep 2023 | quarterly | Dec 2014 - Sep 2023 |
Non-Performing Loans (USD mn) | 6,458.355 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Money Supply M1 (USD mn) | 160,312.087 Jan 2024 | monthly | Dec 1963 - Jan 2024 |
Money Supply M2 (USD mn) | 464,425.044 Dec 2023 | monthly | Dec 1976 - Dec 2023 |
M2 Growth (%) | 66.5 Dec 2023 | monthly | Dec 1977 - Dec 2023 |
Reserve Requirement Ratio (%) | 8.0 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Foreign Exchange Reserves (USD mn) | 78,002.0 Jan 2024 | monthly | Apr 2000 - Jan 2024 |
Foreign Exchange Reserves: % of GDP (%) | 7.776 Dec 2023 | quarterly | Jun 2000 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 3.0 Jan 2024 | monthly | Apr 2000 - Jan 2024 |
Gold Reserves (USD mn) | 48,164.000 Dec 2023 | monthly | Dec 1956 - Dec 2023 |
Total Deposits (USD mn) | 489,172.349 Nov 2023 | monthly | Dec 2002 - Nov 2023 |
Total Deposits Growth (%) | 63.4 Jan 2024 | monthly | Dec 2003 - Jan 2024 |
Domestic Credit (USD mn) | 508,682.5 Dec 2023 | monthly | Jan 1986 - Dec 2023 |
Domestic Credit Growth (%) | 55.9 Dec 2023 | monthly | Jan 1987 - Dec 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 23.000 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
Credit to Households (USD bn) | 93.089 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
Credit to Private Non-Financial Sector (USD bn) | 512.544 Sep 2023 | quarterly | Mar 1986 - Sep 2023 |
Household Debt (USD mn) | 88,562.3 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
Total Loans (USD mn) | 320,675.682 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
Total Loans Growth (%) | 52.93 Dec 2023 | monthly | Jan 1987 - Dec 2023 |
Private Debt: % of Nominal GDP (%) | 33.94 Dec 2023 | quarterly | Dec 1998 - Dec 2023 |
Money Supply: M3 (TRY th) | 14,179,075,897.000 Jan 2024 | monthly | Dec 2005 - Jan 2024 |
Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.599 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -0.4 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
Composite Leading Indicator Index: Trend Restored (NA) | 278.650 Dec 2023 | monthly | Dec 1987 - Dec 2023 |
Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 102.000 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 114.479 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 91.849 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 118.634 Feb 2024 | monthly | Jan 2011 - Feb 2024 |
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