Turkey: Savings, percent of GDP

* indicates monthly or quarterly data series
 Turkey

Savings as percent of GDP

 Latest value 26.02
 Year 2023
 Measure percent
 Data availability 1974 - 2023
 Average 25.84
 Min - Max 18.19 - 38.40
 Source The World Bank
The latest value from 2023 is 26.02 percent, a decline from 30.03 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Turkey from 1974 to 2023 is 25.84 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.
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* indicates monthly or quarterly data series


Recent data
Turkey - Savings, percent of GDP - Recent values chart

Historical series
Turkey - Savings, percent of GDP - historical chart - 1974-2023




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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Share of industry 28.26 2023 percent
 Share of manufacturing 19.41 2023 percent
 Share of services 54.05 2023 percent
 Industry value added 313.14 2023 billion U.S. dollars
 Manufacturing value added 215.04 2023 billion U.S. dollars
 Services value added 598.86 2023 billion U.S. dollars
 Savings, percent of GDP 26.02 2023 percent
 Savings, in dollars 288.32 2023 billion U.S. dollars
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