Latin America & Caribbean vs Türkiye: Gross savings
Gross savings over time
- Latin America & Caribbean
- Türkiye
How they compare
Türkiye currently reports 29.9% against 16.5% in Latin America & Caribbean, a difference of 13.4%.
That makes Türkiye's figure about 1.8 times Latin America & Caribbean's.
The two have swapped places 4 times across 48 shared years of data; in 1977 it was Türkiye ahead.
Latin America & Caribbean ranks 39th and Türkiye ranks 41st of 42 groups.
Türkiye has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Türkiye | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 20.6% | 32.2% | 11.5% | Türkiye |
| 1980s | 20.3% | 30.3% | 10.1% | Türkiye |
| 1990s | 21.3% | 23.0% | 1.7% | Türkiye |
| 2000s | 22.6% | 23.8% | 1.1% | Türkiye |
| 2010s | 18.5% | 27.1% | 8.6% | Türkiye |
| 2020s | 17.5% | 31.9% | 14.3% | Türkiye |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Latin America & Caribbean or Türkiye?
- Türkiye, at 29.9% against 16.5% in Latin America & Caribbean as of 2024.
- What is the difference in gross savings between Latin America & Caribbean and Türkiye?
- 13.4%, with Türkiye ahead.
- How many years of comparable data are there for Latin America & Caribbean and Türkiye?
- 48 years are reported by both, from 1977 to 2024.
- How do Latin America & Caribbean and Türkiye rank globally for gross savings?
- Latin America & Caribbean ranks 39th and Türkiye ranks 41st of 42 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.