Ratio of people with savings in Turkey 2019-2023, by type of saving

Published by Zeynep Dierks, May 2, 2024

According to a survey conducted every quarter, keeping cash or gold at home "under the mattress" was generally the preferred way to save in Turkey. In the second quarter of 2023, 22 percent of the Turkish people kept their savings at home. In contrast, only one percent resorted to funds for their savings.

Proportion of people who have savings in Turkey from 1st quarter 2019 to 2nd quarter 2023, by type of saving

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Release date

October 2023

Region

Turkey

Survey time period

Q1 2019 to Q2 2023

Number of respondents

608**

Age group

18 years and older

Special properties

Randomly selected people are interviewed every month in 26 provinces selected in the NUTS2 regions

Method of interview

Computer-assisted telephone interviews (CATI)

Supplementary notes

*TRY Foreign Exchange Protected Deposit Account Converted from FX protects the savings of customers with foreign currency deposits in USD, EUR and GBP or gold deposit accounts against changes in exchange rates, provided that they are converted into Turkish lira. This option was included among the options from August 2022 in the survey.

**The total number of survey participants accounted for 2,400 in the second quarter of 2023, of which 608 had some sort of savings.

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