Financial system deposits to GDP in Turkey
Turkey: Financial system deposits to GDP was 68.6% in 2021. ▲ Rising
Financial system deposits to GDP in Turkey, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for financial system deposits to gdp in Turkey is 68.6%, measured in 2021. That is the highest value across all 62 years on record.
Compared with earlier readings it is up 8.6% on the previous year and up 47.9% over ten years.
Over the whole period, financial system deposits to gdp in Turkey peaked at 68.6% in 2021 and was at its lowest, 8.9%, in 1960.
That places Turkey 76th out of 185 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Financial system deposits to GDP in Turkey, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 8.9% | — |
| 1961 | 9.4% | +5.2% |
| 1962 | 9.2% | -1.8% |
| 1963 | 9.2% | +0.2% |
| 1964 | 9.9% | +7.0% |
| 1965 | 11.8% | +19.7% |
| 1966 | 12.8% | +8.3% |
| 1967 | 13.0% | +1.9% |
| 1968 | 14.7% | +12.7% |
| 1969 | 14.7% | +0.1% |
| 1970 | 25.0% | +70.0% |
| 1971 | 26.2% | +4.9% |
| 1972 | 27.7% | +5.5% |
| 1973 | 28.3% | +2.2% |
| 1974 | 25.7% | -9.2% |
| 1975 | 26.1% | +1.5% |
| 1976 | 25.1% | -3.6% |
| 1977 | 25.7% | +2.2% |
| 1978 | 14.8% | -42.4% |
| 1979 | 13.7% | -7.0% |
| 1980 | 13.5% | -2.1% |
| 1981 | 18.0% | +34.0% |
| 1982 | 21.6% | +19.7% |
| 1983 | 20.9% | -3.0% |
| 1984 | 21.5% | +2.7% |
| 1985 | 21.4% | -0.4% |
| 1986 | 25.0% | +16.8% |
| 1987 | 26.1% | +4.4% |
| 1988 | 24.8% | -5.0% |
| 1989 | 23.5% | -5.1% |
| 1990 | 20.7% | -12.2% |
| 1991 | 24.2% | +17.3% |
| 1992 | 24.9% | +2.7% |
| 1993 | 22.4% | -10.0% |
| 1994 | 28.9% | +29.1% |
| 1995 | 29.6% | +2.3% |
| 1996 | 34.2% | +15.6% |
| 1997 | 34.6% | +1.3% |
| 1998 | 26.5% | -23.4% |
| 1999 | 36.3% | +36.9% |
| 2000 | 31.6% | -13.0% |
| 2001 | 41.5% | +31.4% |
| 2002 | 36.7% | -11.8% |
| 2003 | 31.8% | -13.3% |
| 2004 | 31.0% | -2.4% |
| 2005 | 36.0% | +15.9% |
| 2006 | 37.3% | +3.7% |
| 2007 | 38.9% | +4.3% |
| 2008 | 43.2% | +11.0% |
| 2009 | 48.3% | +11.8% |
| 2010 | 49.0% | +1.4% |
| 2011 | 46.4% | -5.3% |
| 2012 | 45.1% | -2.8% |
| 2013 | 47.2% | +4.7% |
| 2014 | 46.5% | -1.5% |
| 2015 | 47.3% | +1.8% |
| 2016 | 49.9% | +5.5% |
| 2017 | 48.8% | -2.3% |
| 2018 | 49.0% | +0.4% |
| 2019 | 54.5% | +11.3% |
| 2020 | 63.1% | +15.9% |
| 2021 | 68.6% | +8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.4% | 8.9% | 14.7% | 10 |
| 1970s | 23.8% | 13.7% | 28.3% | 10 |
| 1980s | 21.6% | 13.5% | 26.1% | 10 |
| 1990s | 28.2% | 20.7% | 36.3% | 10 |
| 2000s | 37.6% | 31.0% | 48.3% | 10 |
| 2010s | 48.4% | 45.1% | 54.5% | 10 |
| 2020s | 65.9% | 63.1% | 68.6% | 2 |
Countries ranked near Turkey
More financial sector data for Turkey
- Total reserves in months of imports, annual growth rate 13.75 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -27.13 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0292 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 543.44 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -24.94 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 608.96 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 13.6 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,578 SDR per person (2025)
Frequently asked questions
- What is financial system deposits to gdp in Turkey?
- Financial system deposits to gdp in Turkey was 68.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Turkey?
- The highest recorded value was 68.6% in 2021.
- What is the lowest financial system deposits to gdp recorded in Turkey?
- The lowest recorded value was 8.9% in 1960.
- How does Turkey rank for financial system deposits to gdp?
- Turkey ranks 76th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Turkey?
- Over the last ten years it is up 47.9%. The long-run trend across the full record is rising.
- Where does this Turkey data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).