Gross savings in Türkiye
Türkiye: Gross savings was 29.9% in 2024. ▼ Falling
Gross savings in Türkiye, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Türkiye stood at 29.9%.
Compared with earlier readings it is down 5.8% on the previous year and up 11.5% over ten years.
Over the whole period, gross savings in Türkiye peaked at 38.4% in 1986 and was at its lowest, 18.2%, in 1994.
Türkiye ranks 41st of 178 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Gross savings in Türkiye, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 32.1% | — |
| 1975 | 32.8% | +2.0% |
| 1976 | 34.1% | +4.0% |
| 1977 | 31.9% | -6.4% |
| 1978 | 30.9% | -3.1% |
| 1979 | 33.7% | +9.0% |
| 1980 | 28.8% | -14.5% |
| 1981 | 32.5% | +12.8% |
| 1982 | 31.9% | -2.0% |
| 1983 | 28.8% | -9.6% |
| 1984 | 29.4% | +2.1% |
| 1985 | 34.8% | +18.4% |
| 1986 | 38.4% | +10.3% |
| 1987 | 24.2% | -37.1% |
| 1988 | 28.4% | +17.6% |
| 1989 | 26.1% | -8.3% |
| 1990 | 21.7% | -16.8% |
| 1991 | 18.6% | -14.5% |
| 1992 | 18.3% | -1.1% |
| 1993 | 18.5% | +0.9% |
| 1994 | 18.2% | -1.7% |
| 1995 | 28.6% | +57.0% |
| 1996 | 29.0% | +1.6% |
| 1997 | 27.7% | -4.5% |
| 1998 | 27.1% | -2.0% |
| 1999 | 22.0% | -18.9% |
| 2000 | 21.8% | -1.1% |
| 2001 | 23.3% | +6.8% |
| 2002 | 23.1% | -0.8% |
| 2003 | 21.4% | -7.1% |
| 2004 | 22.8% | +6.3% |
| 2005 | 24.7% | +8.5% |
| 2006 | 25.8% | +4.4% |
| 2007 | 25.3% | -2.1% |
| 2008 | 26.1% | +3.3% |
| 2009 | 23.4% | -10.5% |
| 2010 | 24.0% | +2.9% |
| 2011 | 24.6% | +2.4% |
| 2012 | 25.4% | +3.3% |
| 2013 | 26.3% | +3.5% |
| 2014 | 26.8% | +1.9% |
| 2015 | 27.8% | +3.6% |
| 2016 | 27.3% | -1.6% |
| 2017 | 28.8% | +5.3% |
| 2018 | 30.7% | +6.5% |
| 2019 | 29.6% | -3.6% |
| 2020 | 30.1% | +1.8% |
| 2021 | 33.6% | +11.7% |
| 2022 | 34.0% | +1.0% |
| 2023 | 31.7% | -6.5% |
| 2024 | 29.9% | -5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.6% | 30.9% | 34.1% | 6 |
| 1980s | 30.3% | 24.2% | 38.4% | 10 |
| 1990s | 23.0% | 18.2% | 29.0% | 10 |
| 2000s | 23.8% | 21.4% | 26.1% | 10 |
| 2010s | 27.1% | 24.0% | 30.7% | 10 |
| 2020s | 31.9% | 29.9% | 34.0% | 5 |
Countries ranked near Türkiye
- 38 Benin 30.3% compare
- 39 Philippines 30.1% compare
- 40 Samoa 30.0% compare
- 42 Uzbekistan 29.5% compare
- 43 Morocco 29.4% compare
- 44 Hong Kong, China 29.2% compare
More economy & growth data for Türkiye
- Imports of goods and services (constant 2015 US$), annual growth rate 4.93 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.1941 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 3,610 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -151.4 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -161.82 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 26.51 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 2.06 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 38,229 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -8.8 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0416 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Türkiye?
- Gross savings in Türkiye was 29.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Türkiye?
- The highest recorded value was 38.4% in 1986.
- What is the lowest gross savings recorded in Türkiye?
- The lowest recorded value was 18.2% in 1994.
- How does Türkiye rank for gross savings?
- Türkiye ranks 41st out of 178 countries with data for 2024.
- Is gross savings rising or falling in Türkiye?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is falling.
- Where does this Türkiye data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.