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Number of payments by cards with a credit function in Turkey grows in 2017

Bank for International Settlements announced that in comparison to the year before credit card payments number went up by 6.36 percent. It's new all-time maximum since 2007 as credit card payments number increased from 3 138.35 millions to 3 337.82 millions, as it follows the tendency of the previous year when it climbed by 6.46 percent. Turkey saw a raise of 143.6% in credit card payments number during the last 11 years. Besides, it has attained a growth at a 0.05 percent average annual growth rate over the 5 years with a marginal overall rise since the start of observations. It averaged 2 372.91 millions from 2007 to 2017 and it reached its minimum of 1 370.22 millions in 2007.

Number of payments by cards with a credit function in Turkey grows in 2017
Date Millions Variation
2017 3 337.82 6.36
2016 3 138.35 6.46
2015 2 947.97 7.61
2014 2 739.41 3.76
2013 2 640.09 8.77
2012 2 427.25 11.26
2011 2 181.60 11.43
2010 1 957.82 11.5
2009 1 755.88 9.36
2008 1 605.65 17.18

Related Statistics

Credit Card Transaction in other Countries

Main Credit Card Indicators

  • Credit Card Transaction

    Value (million or billion US Dollars or any other national currency) or volume (number of transactions) of payment transactions performed with credit cards, i.e. cards indicating that the holder has been granted a line of credit. They enable him/her to make purchases and/or draw cash up to a prearranged ceiling. The credit granted may be settled in full by the end of a specific period, or may be settled in part, with the balance taken as extended credit. Interest is charged on the amount of extended credit and the holder is sometimes charged an annual fee. Based on: Bank for International Settlements.

  • Number Of Credit Cards

    Number of credit cards used by a given population. Credit cards are understood as cards indicating that the holder has been granted a line of credit. They enable him/her to make purchases and/or draw cash up to a prearranged ceiling. The credit granted may be settled in full by the end of a specific period, or may be settled in part, with the balance taken as extended credit. Interest is charged on the amount of extended credit and the holder is sometimes charged an annual fee. Based on: Bank for International Settlements.