Gross Savings (As % of GDP) rose to 0.254% in Turkey in 2017

Gross Savings (As % of GDP) (%)
Economy | Turkey | December 11, 2018
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Gross savings as a share of GDP reached 0.254 % in 2017 in Turkey, according to the National Statistical Office. This is 3.72 % more than in the previous year.

Historically, gross savings as a share of GDP in Turkey reached an all time high of 0.384 % in 1986 and an all time low of 0.182 % in 1994. When compared to Turkey's main peers, gross savings as a share of GDP in Bulgaria amounted to 0.269 %, 0.104 % in Greece, 19.0 % in Iraq and 37.9 % in Iran in 2017.

Turkey has been ranked 100th within the group of 165 countries we follow in terms of gross savings as a share of GDP, 10 places behind the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

Gross Savings (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Albania % 0.167 14.6 15.1 15.8 16.5
Bulgaria % 0.269 23.9 23.1 22.4 21.6
Greece % 0.104 11.9 13.5 14.6 15.2
Iran % 37.9 40.5 39.4 37.6 37.5
Iraq % 19.0 26.0 22.8 19.3 17.8
Kuwait % 35.4 33.6 33.8 32.8 32.0
Macedonia % 0.307 29.8 30.0 30.6 31.1
Pakistan % 0.201 10.5 10.7 9.93 9.42
Romania % 0.210 20.9 19.5 19.5 19.3
Saudi Arabia % 30.1 35.0 35.3 34.5 32.3
Serbia % 0.148 15.7 16.0 16.5 16.7
Syria % ... ... ... ... ... ... ... ... ...
Turkey % 0.254 25.1 24.7 23.1 22.1
Turkmenistan % ... ... ... ... ... ... ... ... ...