Gross Savings (As % of GDP) rose to 25.1% in Turkey in 2018

Gross Savings (As % of GDP) (%)
Economy | Turkey | February 01, 2019
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Gross savings as a share of GDP reached 25.1 % in 2018 in Turkey, according to the National Statistical Office. This is 9790 % more than in the previous year.

Historically, gross savings as a share of GDP in Turkey reached an all time high of 25.1 % in 2018 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 23.9 %, 11.9 % in Greece, 26.0 % in Iraq and 40.5 % in Iran in 2018.

Turkey has been ranked 58th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 19 places above 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 % 0.168% 14.6% 15.1% 15.8% 16.5%
Bulgaria % 0.287% 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 % 0.351% 33.6% 33.8% 32.8% 32.0%
Macedonia % 0.324% 29.8% 30.0% 30.6% 31.1%
Pakistan % 0.201% 10.5% 10.7% 9.93% 9.42%
Romania % 0.211% 20.9% 19.5% 19.5% 19.3%
Saudi Arabia % 0.302% 35.0% 35.3% 34.5% 32.3%
Serbia % 0.148% 15.7% 16.0% 16.5% 16.7%
Syria % ... ... ... ... ... ... ... ... ...
Turkey % 0.255% 25.1% 24.7% 23.1% 22.1%
Turkmenistan % ... ... ... ... ... ... ... ... ...