Gross savings in Türkiye
Türkiye: Gross savings was 30.3% in 2024. ▼ Falling
Gross savings in Türkiye, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
The most recent figure for gross savings in Türkiye is 30.3%, measured in 2024.
That represents a change of down 5.5% on the previous year and up 12.0% over ten years.
Over the whole period, gross savings in Türkiye peaked at 39.4% in 1986 and was at its lowest, 18.7%, in 1994.
Türkiye ranks 37th 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 GNI | Change |
|---|---|---|
| 1974 | 32.3% | — |
| 1975 | 32.9% | +1.9% |
| 1976 | 34.3% | +4.2% |
| 1977 | 32.1% | -6.4% |
| 1978 | 31.1% | -3.0% |
| 1979 | 34.1% | +9.4% |
| 1980 | 29.3% | -14.0% |
| 1981 | 33.2% | +13.2% |
| 1982 | 32.6% | -1.7% |
| 1983 | 29.5% | -9.5% |
| 1984 | 30.2% | +2.2% |
| 1985 | 35.6% | +18.2% |
| 1986 | 39.4% | +10.5% |
| 1987 | 24.8% | -37.1% |
| 1988 | 29.2% | +18.1% |
| 1989 | 26.7% | -8.8% |
| 1990 | 22.1% | -17.2% |
| 1991 | 18.9% | -14.4% |
| 1992 | 18.7% | -1.2% |
| 1993 | 18.8% | +0.8% |
| 1994 | 18.7% | -0.8% |
| 1995 | 29.0% | +55.2% |
| 1996 | 29.4% | +1.4% |
| 1997 | 28.0% | -4.5% |
| 1998 | 27.4% | -2.1% |
| 1999 | 22.3% | -18.6% |
| 2000 | 22.1% | -1.0% |
| 2001 | 23.9% | +7.9% |
| 2002 | 23.5% | -1.4% |
| 2003 | 21.8% | -7.2% |
| 2004 | 23.1% | +5.9% |
| 2005 | 25.0% | +8.2% |
| 2006 | 26.1% | +4.4% |
| 2007 | 25.5% | -2.2% |
| 2008 | 26.4% | +3.3% |
| 2009 | 23.6% | -10.4% |
| 2010 | 24.2% | +2.6% |
| 2011 | 24.8% | +2.5% |
| 2012 | 25.6% | +3.2% |
| 2013 | 26.6% | +3.7% |
| 2014 | 27.1% | +1.8% |
| 2015 | 28.1% | +3.8% |
| 2016 | 27.6% | -1.7% |
| 2017 | 29.2% | +5.5% |
| 2018 | 31.1% | +6.7% |
| 2019 | 30.0% | -3.4% |
| 2020 | 30.5% | +1.4% |
| 2021 | 34.1% | +11.9% |
| 2022 | 34.3% | +0.6% |
| 2023 | 32.1% | -6.5% |
| 2024 | 30.3% | -5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.8% | 31.1% | 34.3% | 6 |
| 1980s | 31.0% | 24.8% | 39.4% | 10 |
| 1990s | 23.3% | 18.7% | 29.4% | 10 |
| 2000s | 24.1% | 21.8% | 26.4% | 10 |
| 2010s | 27.4% | 24.2% | 31.1% | 10 |
| 2020s | 32.2% | 30.3% | 34.3% | 5 |
Countries ranked near Türkiye
More economy & growth data for Türkiye
- Manufacturing, value added (current US$), per unit of GDP 0.1684 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 2,677 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 5.53 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 87,812 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1582 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 2,515 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 4,373 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 10.7 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2402 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 4,468 current US$ per person (2025)
Frequently asked questions
- What is gross savings in Türkiye?
- Gross savings in Türkiye was 30.3% 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 39.4% in 1986.
- What is the lowest gross savings recorded in Türkiye?
- The lowest recorded value was 18.7% in 1994.
- How does Türkiye rank for gross savings?
- Türkiye ranks 37th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Türkiye?
- Over the last ten years it is up 12.0%. 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 GNI). Statizoid updates them automatically from the source API.
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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.