The Turkish Statistical Institute (TUIK) has published the Business Sector Accounts Bulletin for 2024. Accordingly, the Turkish economy has experienced outstanding growth, bringing the gross national product to more than 44 trillion TL, an increase of 64.3% compared to the previous year.
The Turkish Statistical Institute (TUIK) has published the bulletin 'Business sector accounts' for 2024. Accordingly, the gross national product increased by 64.3% in 2024 compared to the previous year and reached 44 trillion 44 billion 657 million 144 thousand TL.
Non-financial companies are the sector that contributes the most to the added value created in the overall economy. The share of non-financial companies in total value added is 59.4% in 2024. Next are households, non-profit organizations serving households (HHKOK) and the government in general. The ratio of gross savings to gross domestic product is 30.1% for the entire economy in 2024. The ratio is 18.9% for non-financial companies, 6.9% for households, 2.7% for financial companies and 1.5% for the general government. TOTAL HOUSEHOLD SAVING RATE IS 11.3 % The savings rate, defined as the ratio of household savings to disposable income, is 11.8% in 2023 and 11.3% in 2024. While the overall economy was a net borrower of 2.8% of GDP in 2023, it became a net borrower of 0.7% in 2024.
