Nonbank financial institutions’ assets to GDP (%) in Turkey
Turkey: Nonbank financial institutions’ assets to GDP (%) was 10.4% in 2021. ▲ Rising
Nonbank financial institutions’ assets to GDP in Turkey, 2008–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, nonbank financial institutions’ assets to gdp in Turkey stood at 10.4%. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 24.4% on the previous year and up 188.6% over ten years.
Over the whole period, nonbank financial institutions’ assets to gdp in Turkey peaked at 10.4% in 2021 and was at its lowest, 2.7%, in 2008.
That places Turkey 38th out of 84 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Nonbank financial institutions’ assets to GDP (%) in Turkey, year by year
| Year | % | Change |
|---|---|---|
| 2008 | 2.7% | — |
| 2009 | 3.0% | +9.4% |
| 2010 | 3.9% | +29.1% |
| 2011 | 3.6% | -7.2% |
| 2012 | 3.8% | +5.5% |
| 2013 | 4.2% | +9.6% |
| 2014 | 4.5% | +8.6% |
| 2015 | 4.6% | +1.9% |
| 2016 | 4.8% | +4.6% |
| 2017 | 5.1% | +6.4% |
| 2018 | 7.8% | +52.6% |
| 2019 | 7.3% | -6.7% |
| 2020 | 8.3% | +14.4% |
| 2021 | 10.4% | +24.4% |
Turkey compared with similar countries
- Turkey's 10.4% is above the median for upper middle income countries, which is 7.9%, 1.3× the median. (35 countries reporting)
- Turkey's 10.4% is above the median for Europe & Central Asia, which is 9.1%, 1.1× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.9% | 2.7% | 3.0% | 2 |
| 2010s | 5.0% | 3.6% | 7.8% | 10 |
| 2020s | 9.4% | 8.3% | 10.4% | 2 |
Countries ranked near Turkey
- 35 Zambia 10.9% compare
- 36 Kosovo 10.7% compare
- 36 Kosovo (UNSCR 1244) 10.7% compare
- 39 Saudi Arabia 10.3% compare
- 40 Dominican Republic 9.9% compare
- 41 Australia 9.9% compare
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 nonbank financial institutions’ assets to gdp in Turkey?
- Nonbank financial institutions’ assets to gdp in Turkey was 10.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest nonbank financial institutions’ assets to gdp recorded in Turkey?
- The highest recorded value was 10.4% in 2021.
- What is the lowest nonbank financial institutions’ assets to gdp recorded in Turkey?
- The lowest recorded value was 2.7% in 2008.
- How does Turkey rank for nonbank financial institutions’ assets to gdp?
- Turkey ranks 38th out of 84 countries with data for 2021.
- Is nonbank financial institutions’ assets to gdp rising or falling in Turkey?
- Over the last ten years it is up 188.6%. 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 Nonbank financial institutions’ assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Claims on domestic real nonfinancial sector by 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 other financial institutions' claims, 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. Nonbank financial institutions assets (IFS lines 42, a-d, h, and s); 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).