Broad money annual growth in Turkey 2013-2023

Published by Zeynep Dierks, Nov 4, 2024
In 2023, the broad money annual growth rate in Turkey increased by 9.6 percentage points (+15.91 percent) compared to 2022. With 69.94 percent, the annual growth rate thereby reached its highest value in the observed period.
Broad money is a method for measuring the amount of money circulating in an economy. It is used to calculate a country's money supply, and it includes narrow money (physical money such as coins and currency) and other assets that are easily converted into currency.

Find more statistics on other topics about Turkey with key insights such as number of commercial bank branches, ratio of bank capital and reserves to total assets, and deposit interest rate.

Broad money annual growth rate in Turkey from 2013 to 2023

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Release date

2024

Region

Turkey

Survey time period

2013 to 2023

Supplementary notes

The source added the following definition 'Broad money (IFS line 35L..ZK) is the sum of currency outside banks, demand deposits other than those of the central government, the time, savings, and foreign currency deposits of resident sectors other than the central government, bank and traveler’s checks, and other securities such as certificates of deposit and commercial paper.'

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