Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Turkey
TURFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.09
Year-over-Year Change
0.74%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic trend measures outstanding household deposits held with commercial banks in Turkey as a percentage of GDP. It provides insights into the financial services usage and saving patterns of Turkish households.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Turkey metric tracks the value of household deposits held with commercial banks in the country. It is an important indicator of household financial behavior and the overall strength of the Turkish banking system.
Methodology
The data is collected and calculated by the Central Bank of the Republic of Turkey.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the financial health and saving patterns of Turkish households.
Key Facts
- Turkey's household deposits with commercial banks equaled 61.6% of GDP in 2021.
- Household deposits have grown steadily in Turkey over the past decade.
- The metric provides insight into household saving and financial inclusion in Turkey.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of outstanding deposits held by households with commercial banks in Turkey, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and saving patterns of Turkish households, which is important for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of the Republic of Turkey.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the financial inclusion and stability of the Turkish banking system and household sector.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Turkey, but there may be occasional delays in reporting.
Related Trends
Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Turkey
00XEFDTRM086NEST
National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Turkey
TURGDPNQDSMEI
Number of Listed Companies for Turkey
DDOM01TRA644NWDB
International Trade: Imports: Value (Goods): Total for Turkey
XTIMVA01TRQ188S
Harmonized Index of Consumer Prices: Clothing Materials for Turkey
CP0311TRM086NEST
Composite Leading Indicators: Reference Series (GDP) Ratio to Trend for Turkiye
TURLORSGPRTSTSAM
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Turkey (TURFCLODCHGGDPPT), retrieved from FRED.