Gross national savings — all countries

Gross national savings — Türkiye

Gross national savings in Türkiye in 2024 — 29.9%. Ranked 33 in the world out of 146. Since 1974, the indicator has fallen by 2.2 pp.

2024 29.9% −1.8 pp vs 2023
World rank 33of 146
Period maximum 38.4%1986
Period minimum 18.2%1994

Trend over time

1974–2024 · % of GDP

Gross national savings — Türkiye, 1974–202410203040197419791984198919941999200420092014201920241974: 32.1%1975: 32.8%1976: 34.1%1977: 31.9%1978: 30.9%1979: 33.7%1980: 28.8%1981: 32.5%1982: 31.9%1983: 28.8%1984: 29.4%1985: 34.8%1986: 38.4%1987: 24.2%1988: 28.4%1989: 26.1%1990: 21.7%1991: 18.6%1992: 18.3%1993: 18.5%1994: 18.2%1995: 28.6%1996: 29%1997: 27.7%1998: 27.1%1999: 22%2000: 21.8%2001: 23.3%2002: 23.1%2003: 21.4%2004: 22.8%2005: 24.7%2006: 25.8%2007: 25.3%2008: 26.1%2009: 23.4%2010: 24%2011: 24.6%2012: 25.4%2013: 26.3%2014: 26.8%2015: 27.8%2016: 27.3%2017: 28.8%2018: 30.7%2019: 29.6%2020: 30.1%2021: 33.6%2022: 34%2023: 31.7%2024: 29.9%
Change over the period: −2.2 pp Annual average: -0.04 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Türkiye

Türkiye 29.9%
World 26.1%
Western Asia computed 29.9%
Gross national savings — Türkiye, by year Türkiye All countries CSV XLSX
Year % Change, pp
2024 29.9 −1.8 pp
2023 31.7 −2.2 pp
2022 34 +0.3 pp
2021 33.6 +3.5 pp
2020 30.1 +0.5 pp
2019 29.6 −1.1 pp
2018 30.7 +1.9 pp
2017 28.8 +1.4 pp
2016 27.3 −0.4 pp
2015 27.8 +1 pp
2014 26.8 +0.5 pp
2013 26.3 +0.9 pp
2012 25.4 +0.8 pp
2011 24.6 +0.6 pp
2010 24 +0.7 pp
2009 23.4 −2.8 pp
2008 26.1 +0.8 pp
2007 25.3 −0.5 pp
2006 25.8 +1.1 pp
2005 24.7 +1.9 pp
2004 22.8 +1.3 pp
2003 21.4 −1.6 pp
2002 23.1 −0.2 pp
2001 23.3 +1.5 pp
2000 21.8 −0.2 pp
1999 22 −5.1 pp
1998 27.1 −0.6 pp
1997 27.7 −1.3 pp
1996 29 +0.5 pp
1995 28.6 +10.4 pp
1994 18.2 −0.3 pp
1993 18.5 +0.2 pp
1992 18.3 −0.2 pp
1991 18.6 −3.1 pp
1990 21.7 −4.4 pp
1989 26.1 −2.3 pp
1988 28.4 +4.3 pp
1987 24.2 −14.2 pp
1986 38.4 +3.6 pp
1985 34.8 +5.4 pp
1984 29.4 +0.6 pp
1983 28.8 −3.1 pp
1982 31.9 −0.6 pp
1981 32.5 +3.7 pp
1980 28.8 −4.9 pp
1979 33.7 +2.8 pp
1978 30.9 −1 pp
1977 31.9 −2.2 pp
1976 34.1 +1.3 pp
1975 32.8 +0.6 pp
1974 32.1

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.