The data highlights the dominance of the non-financial corporations sector, which contributed 58.3% of the total value added in the economy, making it the largest contributor to Türkiye’s GNI. This was followed by households and non-profit institutions serving households (NPISH) and the general government.
The ratio of gross savings to Gross Domestic Product (GDP) was calculated at 26.6% in 2023. Non-financial corporations accounted for the largest share of gross savings at 15.1%, followed by households at 6%, financial corporations at 3.5%, and the general government at 2.1%.
Household savings as a percentage of disposable income fell to 9.1% in 2023, down from 10.5% in 2022, indicating a slight decline in household savings behavior over the past year.
The net borrowing ratio for Türkiye's total economy improved in 2023. While the country was a net borrower of 5% of GDP in 2022, this figure decreased to 3.4% in 2023, signaling a reduction in the country's reliance on borrowing.
The figures underscore Türkiye's economic resilience despite global challenges, with significant contributions from non-financial corporations driving the country’s economic output and savings ratio. (ILKHA)
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