Domestic credit to private sector (% of GDP) (World Development) in Turkey
Turkey: Domestic credit to private sector (% of GDP) (World Development) was 75.2% in 2020. ▲ Rising
Domestic credit to private sector in Turkey, 2008–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
In 2020, domestic credit to private sector in Turkey stood at 75.2%. That is the highest value across all 13 years on record.
That represents a change of up 14.8% on the previous year and up 69.5% over ten years.
Over the whole period, domestic credit to private sector in Turkey peaked at 75.2% in 2020 and was at its lowest, 33.4%, in 2008.
That places Turkey 51st out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Domestic credit to private sector (% of GDP) (World Development) in Turkey, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 33.4% | — |
| 2009 | 37.1% | +11.1% |
| 2010 | 44.4% | +19.6% |
| 2011 | 49.1% | +10.6% |
| 2012 | 51.8% | +5.7% |
| 2013 | 60.3% | +16.2% |
| 2014 | 63.5% | +5.3% |
| 2015 | 66.5% | +4.7% |
| 2016 | 69.4% | +4.4% |
| 2017 | 70.5% | +1.6% |
| 2018 | 67.5% | -4.2% |
| 2019 | 65.5% | -3.0% |
| 2020 | 75.2% | +14.8% |
Turkey compared with similar countries
- Turkey's 75.2% is above the median for upper middle income countries, which is 52.0%, 1.4× the median. (55 countries reporting)
- Turkey's 75.2% is above the median for Europe & Central Asia, which is 59.9%, 1.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.2% | 33.4% | 37.1% | 2 |
| 2010s | 60.8% | 44.4% | 70.5% | 10 |
| 2020s | 75.2% | 75.2% | 75.2% | 1 |
Countries ranked near Turkey
More financial sector data for Turkey
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.8 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.31 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.8 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Turkey?
- Domestic credit to private sector in Turkey was 75.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Turkey?
- The highest recorded value was 75.2% in 2020.
- What is the lowest domestic credit to private sector recorded in Turkey?
- The lowest recorded value was 33.4% in 2008.
- How does Turkey rank for domestic credit to private sector?
- Turkey ranks 51st out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Turkey?
- Over the last ten years it is up 69.5%. The long-run trend across the full record is rising.
- Where does this Turkey data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.