Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Turkey
TURFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.89
Year-over-Year Change
-14.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding loans from commercial banks in Turkey as a percentage of the country's gross domestic product (GDP). It provides insights into the usage and dependence on financial services within the Turkish economy.
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 Loans from Commercial Banks for Turkey series tracks the level of commercial bank lending in relation to the overall size of the Turkish economy. This metric is used by economists and policymakers to assess the depth and utilization of the financial sector.
Methodology
The data is collected and calculated by the Central Bank of the Republic of Turkey.
Historical Context
This trend is relevant for understanding the growth and stability of Turkey's banking system and its role in supporting economic activity.
Key Facts
- Turkey's commercial bank loans reached 65.3% of GDP in 2020.
- Loan-to-GDP ratio has increased steadily over the past decade.
- Financial services are a key driver of Turkey's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Turkey as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the usage and dependence on financial services within the Turkish economy, which is important for understanding the growth and stability of the banking system and its role in supporting economic activity.
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: This trend is used by economists and policymakers to assess the depth and utilization of the Turkish financial sector, which is crucial for understanding the country's economic development and stability.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of the Republic of Turkey, but there may be occasional delays or revisions due to the nature of economic data collection and reporting.
Related Trends
Market Capitalization Outside of Top 10 Largest Companies to Total Market Capitalization for Turkey
DDAM02TRA156NWDB
Gross Domestic Product Per Capita for Turkey
PCAGDPTRA646NWDB
Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Turkey
00XFROTRM086NEST
Harmonized Index of Consumer Prices: Bread and Cereals for Turkey
CP0111TRM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Turkiye
TURCP060000IXOBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Turkiye
TURCP070000IXOBM
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Turkey (TURFCSODCGGDPPT), retrieved from FRED.