Turkey: Savings, percent of GDP

The latest value from 2024 is 29.91 percent, a decline from 31.75 percent in 2023. In comparison, the world average is 22.67 percent, based on data from 143 countries. Historically, the average for Turkey from 1974 to 2024 is 27.39 percent. The minimum value, 18.19 percent, was reached in 1994 while the maximum of 38.4 percent was recorded in 1986. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in Turkey and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.