Latin America & the Caribbean (IDA & IBRD countries) vs Turkey: Gross savings
Gross savings over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Turkey
How they compare
Turkey currently reports 30.3% against 17.5% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 12.8%.
That makes Turkey's figure about 1.7 times Latin America & the Caribbean (IDA & IBRD countries)'s.
The two have swapped places 6 times across 49 shared years of data; in 1976 it was Turkey ahead.
Latin America & the Caribbean (IDA & IBRD countries) ranks 40th and Turkey ranks 37th of 46 groups.
Across the 6 decades both report, Latin America & the Caribbean (IDA & IBRD countries) averaged higher in 1 and Turkey in 5.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Turkey | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 21.9% | 32.9% | 11.0% | Turkey |
| 1980s | 21.2% | 31.0% | 9.9% | Turkey |
| 1990s | 21.2% | 23.3% | 2.2% | Turkey |
| 2000s | 24.2% | 24.1% | 0.1% | Latin America & the Caribbean (IDA & IBRD countries) |
| 2010s | 19.3% | 27.4% | 8.1% | Turkey |
| 2020s | 18.5% | 32.2% | 13.8% | Turkey |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Latin America & the Caribbean (IDA & IBRD countries) or Turkey?
- Turkey, at 30.3% against 17.5% in Latin America & the Caribbean (IDA & IBRD countries) as of 2024.
- What is the difference in gross savings between Latin America & the Caribbean (IDA & IBRD countries) and Turkey?
- 12.8%, with Turkey ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Turkey?
- 49 years are reported by both, from 1976 to 2024.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Turkey rank globally for gross savings?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 40th and Turkey ranks 37th of 46 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GNI). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.