Gross savings in Turkey
Turkey: Gross savings was 13.34 trillion current LCU in 2024. ◆ Volatile
Gross savings in Turkey, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for gross savings in Turkey is 13.34 trillion current LCU, measured in 2024. That is the highest value across all 51 years on record.
That represents a change of up 55.1% on the previous year and up 2,310.5% over ten years.
Over the whole period, gross savings in Turkey peaked at 13.34 trillion current LCU in 2024 and was at its lowest, 159,395 current LCU, in 1974.
Turkey ranks 29th of 178 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Turkey, year by year
| Year | current LCU | Change |
|---|---|---|
| 1974 | 159,395 current LCU | — |
| 1975 | 211,349 current LCU | +32.6% |
| 1976 | 280,704 current LCU | +32.8% |
| 1977 | 337,287 current LCU | +20.2% |
| 1978 | 489,292 current LCU | +45.1% |
| 1979 | 936,378 current LCU | +91.4% |
| 1980 | 1.51 million current LCU | +61.0% |
| 1981 | 2.57 million current LCU | +70.4% |
| 1982 | 3.34 million current LCU | +30.1% |
| 1983 | 4.01 million current LCU | +19.8% |
| 1984 | 6.47 million current LCU | +61.5% |
| 1985 | 12.22 million current LCU | +89.0% |
| 1986 | 19.62 million current LCU | +60.5% |
| 1987 | 18.06 million current LCU | -7.9% |
| 1988 | 36.73 million current LCU | +103.4% |
| 1989 | 59.28 million current LCU | +61.4% |
| 1990 | 85.26 million current LCU | +43.8% |
| 1991 | 116.90 million current LCU | +37.1% |
| 1992 | 200.62 million current LCU | +71.6% |
| 1993 | 366.92 million current LCU | +82.9% |
| 1994 | 703.72 million current LCU | +91.8% |
| 1995 | 3.07 billion current LCU | +336.8% |
| 1996 | 5.92 billion current LCU | +92.4% |
| 1997 | 11.10 billion current LCU | +87.7% |
| 1998 | 19.54 billion current LCU | +76.0% |
| 1999 | 23.67 billion current LCU | +21.2% |
| 2000 | 37.41 billion current LCU | +58.0% |
| 2001 | 57.66 billion current LCU | +54.1% |
| 2002 | 83.73 billion current LCU | +45.2% |
| 2003 | 101.49 billion current LCU | +21.2% |
| 2004 | 133.24 billion current LCU | +31.3% |
| 2005 | 168.87 billion current LCU | +26.7% |
| 2006 | 206.40 billion current LCU | +22.2% |
| 2007 | 225.73 billion current LCU | +9.4% |
| 2008 | 263.50 billion current LCU | +16.7% |
| 2009 | 236.73 billion current LCU | -10.2% |
| 2010 | 282.77 billion current LCU | +19.4% |
| 2011 | 348.30 billion current LCU | +23.2% |
| 2012 | 404.59 billion current LCU | +16.2% |
| 2013 | 482.48 billion current LCU | +19.3% |
| 2014 | 553.33 billion current LCU | +14.7% |
| 2015 | 654.24 billion current LCU | +18.2% |
| 2016 | 719.24 billion current LCU | +9.9% |
| 2017 | 907.30 billion current LCU | +26.1% |
| 2018 | 1.17 trillion current LCU | +28.7% |
| 2019 | 1.30 trillion current LCU | +11.5% |
| 2020 | 1.55 trillion current LCU | +18.9% |
| 2021 | 2.50 trillion current LCU | +61.5% |
| 2022 | 5.20 trillion current LCU | +108.2% |
| 2023 | 8.60 trillion current LCU | +65.3% |
| 2024 | 13.34 trillion current LCU | +55.1% |
Turkey compared with similar countries
- Turkey's 13.34 trillion current LCU is above the median for upper middle income countries, which is 451.73 billion current LCU, 29.5× the median. (49 countries reporting)
- Turkey's 13.34 trillion current LCU is above the median for Europe & Central Asia, which is 192.64 billion current LCU, 69.2× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +336.8% | 703.72 million current LCU | 3.07 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 402,401 current LCU | 159,395 current LCU | 936,378 current LCU | 6 |
| 1980s | 16.38 million current LCU | 1.51 million current LCU | 59.28 million current LCU | 10 |
| 1990s | 6.48 billion current LCU | 85.26 million current LCU | 23.67 billion current LCU | 10 |
| 2000s | 151.48 billion current LCU | 37.41 billion current LCU | 263.50 billion current LCU | 10 |
| 2010s | 682.14 billion current LCU | 282.77 billion current LCU | 1.30 trillion current LCU | 10 |
| 2020s | 6.24 trillion current LCU | 1.55 trillion current LCU | 13.34 trillion current LCU | 5 |
Countries ranked near Turkey
- 26 Angola 16.51 trillion current LCU compare
- 27 Algeria 14.23 trillion current LCU compare
- 28 Madagascar 13.95 trillion current LCU compare
- 30 Cote d'Ivoire 9.06 trillion current LCU compare
- 31 Philippines 8.43 trillion current LCU compare
- 32 Sri Lanka 8.31 trillion current LCU compare
More economy & growth data for Turkey
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.61 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 77.33 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.70 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.77 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 136.79 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 19.3 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1162 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,161 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross savings in Turkey?
- Gross savings in Turkey was 13.34 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Turkey?
- The highest recorded value was 13.34 trillion current LCU in 2024.
- What is the lowest gross savings recorded in Turkey?
- The lowest recorded value was 159,395 current LCU in 1974.
- How does Turkey rank for gross savings?
- Turkey ranks 29th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Turkey?
- Over the last ten years it is up 2,310.5%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.