Turkey Private Consumption: % of GDP
1998 - 2024 | Quarterly | % | CEIC Data
Key information about Turkey Private Consumption: % of GDP
- Turkey Private Consumption accounted for 60.4 % of its Nominal GDP in Jun 2024, compared with a ratio of 56.8 % in the previous quarter.
- Turkey Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1998 to Jun 2024, with an average share of 61.1 %.
- The data reached an all-time high of 73.1 % in Mar 2000 and a record low of 54.6 % in Sep 2018.
CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Private Consumption Expenditure is calculated as the sum of Household and NPISHs Consumption. Turkish Statistical Institute provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.
Related information about Turkey Private Consumption: % of GDP
- In the latest reports, Turkey GDP expanded 4.0 % YoY in Mar 2023.
- Its Nominal GDP reached 245.5 USD bn in Mar 2023.
- Turkey GDP Per Capita reached 13,109.6 USD in Dec 2023.
- Its Gross Savings Rate was measured at 24.6 % in Jun 2024.
View Turkey's Private Consumption: % of GDP from Mar 1998 to Jun 2024 in the chart:
What was Turkey's Private Consumption: % of GDP in Jun 2024?
Turkey Private Consumption accounted for 60.4 % of its Nominal GDP in Jun 2024, compared with a ratio of 56.8 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 60.4 Jun 2024 | 56.8 Mar 2024 | 54.6 Sep 2018 | 73.1 Mar 2000 | % | quarterly | Mar 1998 - Jun 2024 |
Private Consumption: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 73.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 41.2 2023 | yearly | 1950 - 2023 |
| Argentina (%) | 69.6 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Armenia (%) | 73.7 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
| Australia (%) | 50.6 Jun 2024 | quarterly | Sep 1959 - Jun 2024 |
| Austria (%) | 51.9 Jun 2024 | quarterly | Mar 1988 - Jun 2024 |
| Azerbaijan (%) | 44.0 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
| Bahrain (%) | 36.3 2022 | yearly | 1975 - 2022 |
| Bangladesh (%) | 66.8 2024 | yearly | 1973 - 2024 |
| Belarus (%) | 55.0 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Belgium (%) | 51.4 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Bolivia (%) | 71.8 Mar 2024 | quarterly | Mar 1990 - Mar 2024 |
| Bosnia and Herzegovina (%) | 62.8 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Botswana (%) | 42.8 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Brazil (%) | 63.0 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Brunei (%) | 24.2 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Bulgaria (%) | 62.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Cambodia (%) | 60.0 2022 | yearly | 1993 - 2022 |
| Canada (%) | 57.7 Jun 2024 | quarterly | Mar 1961 - Jun 2024 |
| Chile (%) | 65.2 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| China (%) | 39.2 2023 | yearly | 1952 - 2023 |
| Colombia (%) | 74.5 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
| Croatia (%) | 58.5 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Cyprus (%) | 57.1 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Czech Republic (%) | 45.9 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (%) | 45.2 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Ecuador (%) | 63.1 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Egypt (%) | 86.8 Jun 2024 | quarterly | Sep 2001 - Jun 2024 |
| Estonia (%) | 53.6 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| European Union (%) | 52.9 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Finland (%) | 52.6 Jun 2024 | quarterly | Mar 1975 - Jun 2024 |
| France (%) | 54.0 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Georgia (%) | 73.7 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Germany (%) | 52.9 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Ghana (%) | 84.2 2023 | yearly | 2006 - 2023 |
| Greece (%) | 70.1 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Hong Kong SAR, China (%) | 71.7 Jun 2024 | quarterly | Mar 1973 - Jun 2024 |
| Hungary (%) | 50.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Iceland (%) | 51.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| India (%) | 60.4 Jun 2024 | quarterly | Jun 1996 - Jun 2024 |
| Indonesia (%) | 55.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Iran (%) | 45.2 Mar 2022 | quarterly | Jun 1988 - Mar 2022 |
| Ireland (%) | 31.9 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Israel (%) | 48.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Italy (%) | 58.6 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
| Ivory Coast (%) | 65.8 2023 | yearly | 1960 - 2023 |
| Japan (%) | 54.2 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Jordan (%) | 78.7 2023 | yearly | 1962 - 2023 |
| Kazakhstan (%) | 46.5 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 75.6 2022 | yearly | 1969 - 2022 |
| South Korea (%) | 47.6 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Kosovo (%) | 72.5 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Kuwait (%) | 32.5 2022 | yearly | 1962 - 2022 |
| Kyrgyzstan (%) | 84.8 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
| Laos (%) | 64.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 60.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Lebanon (%) | 118.8 2021 | yearly | 1990 - 2021 |
| Lithuania (%) | 60.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Luxembourg (%) | 31.2 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 29.1 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
| North Macedonia (%) | 67.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Malawi (%) | 79.2 2019 | yearly | 1960 - 2019 |
| Malaysia (%) | 59.6 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Malta (%) | 45.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
| Mauritius (%) | 59.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Mexico (%) | 70.0 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Moldova (%) | 86.2 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
| Mongolia (%) | 48.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Montenegro (%) | 77.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | 56.7 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mozambique (%) | 78.0 2023 | yearly | 1969 - 2022 |
| Nepal (%) | 86.1 2024 | yearly | 1975 - 2024 |
| Netherlands (%) | 42.4 Jun 2024 | quarterly | Mar 1977 - Jun 2024 |
| New Zealand (%) | 57.4 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
| Nigeria (%) | 61.2 2023 | yearly | 1981 - 2023 |
| Norway (%) | 39.4 Jun 2024 | quarterly | Mar 1978 - Jun 2024 |
| Oman (%) | 34.3 2022 | yearly | 1980 - 2022 |
| Pakistan (%) | 84.4 2024 | yearly | 1967 - 2024 |
| Palestinian Territory (%) | 98.6 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Panama (%) | 48.7 2022 | yearly | 1996 - 2022 |
| Paraguay (%) | 67.1 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Peru (%) | 65.7 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Philippines (%) | 72.5 Jun 2024 | quarterly | Mar 1981 - Jun 2024 |
| Poland (%) | 59.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Portugal (%) | 61.1 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Qatar (%) | 20.6 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 61.5 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Russia (%) | 50.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Saudi Arabia (%) | 40.2 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Serbia (%) | 66.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Singapore (%) | 31.3 2023 | yearly | 1960 - 2023 |
| Slovakia (%) | 61.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Slovenia (%) | 50.5 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| South Africa (%) | 62.8 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Spain (%) | 53.8 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Sri Lanka (%) | 66.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Sudan (%) | 77.8 2016 | yearly | 1976 - 2016 |
| Sweden (%) | 44.9 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Switzerland (%) | 50.3 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Syria (%) | 114.8 2022 | yearly | 1970 - 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.6 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
| Consolidated Fiscal Balance (USD mn) | -5,077.405 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Tax Revenue (USD mn) | 17,168.546 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Tax Revenue: % of GDP (%) | 18.8 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
| Government Debt: % of GDP (%) | 26.1 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
| Forecast: Government Expenditure (TRY bn) | 41,984.044 2029 | yearly | 2000 - 2029 |
| Forecast: Government Net Debt (TRY bn) | 60,762.080 2028 | yearly | 2000 - 2028 |
| Forecast: Government Revenue (TRY bn) | 37,733.782 2029 | yearly | 2000 - 2029 |
| General Budget: Revenue (TRY mn) | 781,938.740 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: Expenditure (TRY mn) | 982,904.000 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: Cash Balance (TRY mn) | -200,965.260 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| General Budget: ytd: Revenue (TRY th) | 5,130,599,988.193 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Revenue: Tax (TRY th) | 4,401,814,635.075 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 276,576,454.364 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Balance (TRY th) | -1,001,093,848.618 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Revenue: Tax: Direct (TRY th) | 1,444,500,658.563 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 2,640,391,293.373 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| General Budget: ytd: Expenditure (EX) (TRY th) | 6,131,693,836.811 Aug 2024 | monthly | Jan 2006 - Aug 2024 |
| Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 7.230 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -8,483.7 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
| Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Exports Growth (%) | 0.9 May 2023 | monthly | Jan 2014 - May 2023 |
| Aluminum: Exports (USD th) | 3,833,134.665 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 1,290,644.710 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 651,764.672 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
| Total Imports Growth (%) | 6.5 May 2023 | monthly | Jan 2014 - May 2023 |
| Imports: Medicament (USD th) | 2,306,593.258 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 2,692,489.997 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 1,338.775 Aug 2024 | monthly | Apr 1964 - Aug 2024 |
| Total Imports from USA (USD mn) | 1,341.806 Aug 2024 | monthly | Apr 1964 - Aug 2024 |
| Total Exports to China (USD mn) | 290.803 Aug 2024 | monthly | Jan 2013 - Aug 2024 |
| Total Imports from China (USD mn) | 4,020.533 Aug 2024 | monthly | Sep 1992 - Aug 2024 |
| Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
| Natural Gas: Annual: Production (Cub m mn) | 851.970 2023 | yearly | 1976 - 2023 |
| Export Value Index (2015=100) | 149.169 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 127.060 2021 | yearly | 1980 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.7 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Household Debt: % of GDP (%) | 11.0 Mar 2024 | quarterly | Dec 2014 - Mar 2024 |
| Non-Performing Loans (USD mn) | 7,454.740 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Money Supply M1 (USD mn) | 175,051.629 Aug 2024 | monthly | Dec 1963 - Aug 2024 |
| Money Supply M2 (USD mn) | 478,365.263 Aug 2024 | monthly | Dec 1976 - Aug 2024 |
| M2 Growth (%) | 36.1 Aug 2024 | monthly | Dec 1977 - Aug 2024 |
| Reserve Requirement Ratio (%) | 8.0 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Foreign Exchange Reserves (USD mn) | 81,738.0 Aug 2024 | monthly | Apr 2000 - Aug 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 6.544 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.0 Aug 2024 | monthly | Apr 2000 - Aug 2024 |
| Gold Reserves (USD mn) | 57,153.000 Jul 2024 | monthly | Dec 1956 - Jul 2024 |
| Total Deposits (USD mn) | 513,567.654 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Total Deposits Growth (%) | 35.0 Aug 2024 | monthly | Dec 2003 - Aug 2024 |
| Domestic Credit (USD mn) | 554,537.7 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
| Domestic Credit Growth (%) | 40.9 Aug 2024 | monthly | Jan 1987 - Aug 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 31.400 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| Credit to Households (USD bn) | 96.972 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 523.532 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
| Household Debt (USD mn) | 97,288.4 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
| Total Loans (USD mn) | 352,000.542 Aug 2024 | monthly | Jan 1986 - Aug 2024 |
| Total Loans Growth (%) | 40.02 Aug 2024 | monthly | Jan 1987 - Aug 2024 |
| Private Debt: % of Nominal GDP (%) | 30.57 Jun 2024 | quarterly | Dec 1998 - Jun 2024 |
| Money Supply: M3 (TRY th) | 17,671,932,550.000 Aug 2024 | monthly | Dec 2005 - Aug 2024 |
| Consumer Loans: BS: Loan: Housing (TRY mn) | 456,695.444 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Consumer Loans: BS: Non Performing (TRY mn) | 44,128.499 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Consumer Loans: Banking Sector (BS): Loan (TRY mn) | 1,801,524.502 Aug 2024 | monthly | Dec 2002 - Aug 2024 |
| Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.687 Aug 2024 | monthly | Jan 2003 - Aug 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -5.9 Sep 2024 | monthly | Jan 2008 - Sep 2024 |
| Composite Leading Indicator Index: Trend Restored (NA) | 394.200 Aug 2024 | monthly | Dec 1987 - Aug 2024 |
| Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 99.200 Sep 2024 | monthly | Jan 2007 - Sep 2024 |
| Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 110.600 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 112.563 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
| Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 87.803 Sep 2024 | monthly | Jan 2011 - Sep 2024 |
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