Financial Development Index in Turkey
Turkey: Financial Development Index was 0.5395 in 2020. ▲ Rising
Financial Development Index in Turkey, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Turkey is 0.5395, measured in 2020. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 3.0% on the previous year and up 10.7% over ten years.
Over the whole period, financial development index in Turkey peaked at 0.5395 in 2020 and was at its lowest, 0.1162, in 1980.
Turkey ranks 31st of 183 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Development Index in Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1162 | — |
| 1981 | 0.1398 | +20.3% |
| 1982 | 0.1549 | +10.8% |
| 1983 | 0.1703 | +10.0% |
| 1984 | 0.1478 | -13.3% |
| 1985 | 0.1441 | -2.5% |
| 1986 | 0.1885 | +30.8% |
| 1987 | 0.2292 | +21.6% |
| 1988 | 0.2066 | -9.9% |
| 1989 | 0.214 | +3.6% |
| 1990 | 0.2035 | -4.9% |
| 1991 | 0.1958 | -3.8% |
| 1992 | 0.2308 | +17.9% |
| 1993 | 0.2559 | +10.8% |
| 1994 | 0.326 | +27.4% |
| 1995 | 0.3364 | +3.2% |
| 1996 | 0.35 | +4.0% |
| 1997 | 0.3326 | -5.0% |
| 1998 | 0.3025 | -9.0% |
| 1999 | 0.309 | +2.1% |
| 2000 | 0.3875 | +25.4% |
| 2001 | 0.3416 | -11.9% |
| 2002 | 0.3692 | +8.1% |
| 2003 | 0.3725 | +0.9% |
| 2004 | 0.3774 | +1.3% |
| 2005 | 0.4295 | +13.8% |
| 2006 | 0.4355 | +1.4% |
| 2007 | 0.4644 | +6.6% |
| 2008 | 0.4445 | -4.3% |
| 2009 | 0.4751 | +6.9% |
| 2010 | 0.4876 | +2.6% |
| 2011 | 0.4782 | -1.9% |
| 2012 | 0.4907 | +2.6% |
| 2013 | 0.5078 | +3.5% |
| 2014 | 0.52 | +2.4% |
| 2015 | 0.5129 | -1.4% |
| 2016 | 0.5064 | -1.3% |
| 2017 | 0.529 | +4.5% |
| 2018 | 0.5228 | -1.2% |
| 2019 | 0.5239 | +0.2% |
| 2020 | 0.5395 | +3.0% |
Turkey compared with similar countries
- Turkey's 0.5395 is above the median for upper middle income countries, which is 0.2539, 2.1× the median. (54 countries reporting)
- Turkey's 0.5395 is above the median for Europe & Central Asia, which is 0.4521, 1.2× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1711 | 0.1162 | 0.2292 | 10 |
| 1990s | 0.2843 | 0.1958 | 0.35 | 10 |
| 2000s | 0.4097 | 0.3416 | 0.4751 | 10 |
| 2010s | 0.5079 | 0.4782 | 0.529 | 10 |
| 2020s | 0.5395 | 0.5395 | 0.5395 | 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 financial development index in Turkey?
- Financial development index in Turkey was 0.5395 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Turkey?
- The highest recorded value was 0.5395 in 2020.
- What is the lowest financial development index recorded in Turkey?
- The lowest recorded value was 0.1162 in 1980.
- How does Turkey rank for financial development index?
- Turkey ranks 31st out of 183 countries with data for 2020.
- Is financial development index rising or falling in Turkey?
- Over the last ten years it is up 10.7%. The long-run trend across the full record is rising.
- Where does this Turkey data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.