Household expenditure on transport in Türkiye has shown significant fluctuations over the past decade. From 2013 to 2017, the expenditure saw moderate variations with some years of decline and recovery, peaking in 2015 at 78.67 Billion Euros. However, from 2018 to 2020, there was a marked decline, hitting a low of 55.42 Billion Euros in 2020, largely attributed to economic downturns and external market shocks.
Since 2021, the data indicates a sharp recovery with a significant year-on-year increase of 52.23% in 2022, reflecting a resurgence in economic activity post-pandemic. In 2023, the expenditure was projected to be around 101.01 Billion Euros, marking a 2.37% increase from the previous year. This recent growth trend is expected to continue, with forecasted annual increases leading up to 113.12 Billion Euros in 2028.
Future trends to watch for include:
- Increase in household mobility and dependency on private transportation.
- Impact of technological advancements in transportation on expenditure patterns.
- Economic policies affecting fuel prices and vehicle taxes.
