Private credit by deposit money banks and other financial in Turkey
Turkey: Private credit by deposit money banks and other financial was 72.8% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Turkey, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Turkey stood at 72.8%.
The figure is down 3.2% on the previous year and up 48.3% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Turkey peaked at 75.2% in 2020 and was at its lowest, 12.7%, in 1961.
Turkey ranks 51st of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Turkey, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 17.7% | — |
| 1961 | 12.7% | -27.9% |
| 1962 | 14.1% | +10.9% |
| 1963 | 14.1% | -0.4% |
| 1964 | 14.7% | +4.6% |
| 1965 | 16.2% | +10.3% |
| 1966 | 17.0% | +4.9% |
| 1967 | 17.7% | +3.9% |
| 1968 | 18.6% | +5.3% |
| 1969 | 20.1% | +8.1% |
| 1970 | 20.6% | +2.6% |
| 1971 | 18.9% | -8.5% |
| 1972 | 20.3% | +7.7% |
| 1973 | 20.9% | +3.0% |
| 1974 | 19.7% | -6.1% |
| 1975 | 21.4% | +8.8% |
| 1976 | 22.2% | +3.8% |
| 1977 | 22.0% | -1.1% |
| 1978 | 17.5% | -20.5% |
| 1979 | 14.7% | -15.8% |
| 1980 | 13.6% | -7.5% |
| 1981 | 16.6% | +22.5% |
| 1982 | 18.5% | +11.0% |
| 1983 | 20.8% | +12.3% |
| 1984 | 17.8% | -14.0% |
| 1985 | 17.4% | -2.4% |
| 1986 | 19.7% | +12.8% |
| 1987 | 20.6% | +4.7% |
| 1988 | 17.3% | -15.8% |
| 1989 | 16.6% | -4.0% |
| 1990 | 16.7% | +0.2% |
| 1991 | 17.2% | +3.0% |
| 1992 | 17.9% | +4.5% |
| 1993 | 18.1% | +1.0% |
| 1994 | 15.9% | -12.0% |
| 1995 | 18.5% | +16.0% |
| 1996 | 22.8% | +23.5% |
| 1997 | 26.3% | +15.2% |
| 1998 | 16.8% | -36.2% |
| 1999 | 16.2% | -3.4% |
| 2000 | 17.3% | +6.5% |
| 2001 | 14.9% | -13.5% |
| 2002 | 14.1% | -5.8% |
| 2003 | 14.0% | -0.3% |
| 2004 | 16.6% | +18.3% |
| 2005 | 21.2% | +28.1% |
| 2006 | 24.7% | +16.5% |
| 2007 | 28.0% | +13.3% |
| 2008 | 33.4% | +19.1% |
| 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% |
| 2021 | 72.8% | -3.2% |
Turkey compared with similar countries
- Turkey's 72.8% is above the median for upper middle income countries, which is 50.2%, 1.4× the median. (55 countries reporting)
- Turkey's 72.8% is above the median for Europe & Central Asia, which is 56.3%, 1.3× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.3% | 12.7% | 20.1% | 10 |
| 1970s | 19.8% | 14.7% | 22.2% | 10 |
| 1980s | 17.9% | 13.6% | 20.8% | 10 |
| 1990s | 18.6% | 15.9% | 26.3% | 10 |
| 2000s | 22.1% | 14.0% | 37.1% | 10 |
| 2010s | 60.8% | 44.4% | 70.5% | 10 |
| 2020s | 74.0% | 72.8% | 75.2% | 2 |
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 private credit by deposit money banks and other financial in Turkey?
- Private credit by deposit money banks and other financial in Turkey was 72.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Turkey?
- The highest recorded value was 75.2% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Turkey?
- The lowest recorded value was 12.7% in 1961.
- How does Turkey rank for private credit by deposit money banks and other financial?
- Turkey ranks 51st out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Turkey?
- Over the last ten years it is up 48.3%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)