Total factoring volume to GDP (%) in Turkey
Turkey: Total factoring volume to GDP (%) was 3.2% in 2020. ▼ Falling
Total factoring volume to GDP in Turkey, 2007–2020
Source: Factors Chain International. Measured in %.
Analysis
In 2020, total factoring volume to gdp in Turkey stood at 3.2%.
The figure is up 0.2% on the previous year and down 51.7% over ten years.
Over the whole period, total factoring volume to gdp in Turkey peaked at 6.7% in 2010 and was at its lowest, 3.2%, in 2019.
That places Turkey 34th out of 73 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Total factoring volume to GDP (%) in Turkey, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 4.0% | — |
| 2008 | 3.5% | -13.0% |
| 2009 | 4.4% | +26.3% |
| 2010 | 6.7% | +53.1% |
| 2011 | 5.2% | -22.9% |
| 2012 | 4.8% | -7.2% |
| 2013 | 4.6% | -2.9% |
| 2014 | 5.3% | +14.7% |
| 2015 | 5.0% | -7.1% |
| 2016 | 4.3% | -14.1% |
| 2017 | 4.8% | +13.5% |
| 2018 | 4.0% | -18.0% |
| 2019 | 3.2% | -18.5% |
| 2020 | 3.2% | +0.2% |
Turkey compared with similar countries
- Turkey's 3.2% is above the median for upper middle income countries, which is 1.6%, 2.1× the median. (21 countries reporting)
- Turkey's 3.2% is below the median for Europe & Central Asia, which is 5.9%, 55% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.9% | 3.5% | 4.4% | 3 |
| 2010s | 4.8% | 3.2% | 6.7% | 10 |
| 2020s | 3.2% | 3.2% | 3.2% | 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 total factoring volume to gdp in Turkey?
- Total factoring volume to gdp in Turkey was 3.2% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in Turkey?
- The highest recorded value was 6.7% in 2010.
- What is the lowest total factoring volume to gdp recorded in Turkey?
- The lowest recorded value was 3.2% in 2019.
- How does Turkey rank for total factoring volume to gdp?
- Turkey ranks 34th out of 73 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in Turkey?
- Over the last ten years it is down 51.7%. The long-run trend across the full record is falling.
- Where does this Turkey data come from?
- The figures come from Factors Chain International, published as part of Total factoring volume to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.