The number of ATM cash withdrawals in Turkey stood at 1.69 billion units in 2023. The trend analysis shows a mixed pattern over the past decade, with notable fluctuations: gradual growth from 2013 to 2019, a significant decline in 2020, a sharp recovery in 2021, and relatively stable figures leading up to 2023. The year-on-year variations from 2022 to 2023 indicate a 2.93% increase, while the past two years show a minor decline of 1.83% from 2021 to 2022 and a substantial rise of 30.62% from 2020 to 2021. The five-year average annual growth rate (CAGR) leading up to 2023 is 2.89%.
Future trends to watch for:
- Continued modest growth with an expected 2.16% average annual increase over the next five years.
- Stabilization of ATM usage as digital payment methods gain traction.
- Potential impact of financial technology innovations on cash usage patterns.
