The maximum debt was 467545 USD Million and minimum was 43911 USD Million. Includes 316 key indicators for Turkey, curated by CEIC analysts. Turkey - External Debt Data Data published Quarterly by Central Bank. Turkey External Debt accounted for 57.1 % of the country's Nominal GDP in 2019, compared with the ratio of 56.4 % in the previous year. Franc: there is no need to panic! Government debt rose by 7pp to 40% of GDP in 2020, 20pp below the estimated 'BB' median 2020 estimate. © Take-profit.org, 2021 | All rights reserved. Overview for 09.03.2021, Fibonacci Retracements Analysis 09.03.2021 (EURUSD, USDJPY), Short-term analysis for oil, gold, and EURUSD for 09.03.2021, Euro is to find a way out. Government Debt in Turkey remained unchanged at 1837639 TRY Million (240.976 B USD) in January 2021. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. The country's External Debt reached 435,120.9 in Sep 2020. The figure was 58% of the country's gross domestic product (GDP) last year, the ministry said in a statement. This website stores cookies on your computer. High nominal GDP growth and lower primary deficit will underpin a modest decline to 37% by 2022. Live estimate for national public debt today and since the beginning of the year. Forecast as of 09.03.2021, The Yen dropped to its 9-month lows. The only exception for … Its Foreign Portfolio Investment fell by 1.3 USD bn in Sep 2020. (USD mn), BoP: Current Account: Goods: Imports: F.o.B. In the long-term, the Turkey Government Debt to GDP is projected to trend around 45.60 percent in 2021 and 49.00 percent in 2022, according to our econometric models. There is no data available for your selected dates. Data published Yearly by Undersecretariat of Treasury. Turkey External Debt accounted for 57.1 % of the country's Nominal GDP in 2019, compared with the ratio of 56.4 % in the previous year. Current GDP (estimated data for 2021) and national debt. Turkey's net foreign debt amounted to $268.3 billion as of June 30, accounting for 37.2% of its GDP. External Debt from The World Bank: Data. In the context of the Covid-19 crisis, the Turkish government announced a fiscal stimulus package worth around 10% of GDP over two years or so. Forecast as of 09.03.2021, The Japanese Yen remains at the lows. The statistic shows the national debt of Turkey from 2015 to 2019 in relation to the gross domestic product (GDP), with projections up until 2025. Private companies have additional debts of $138B to repay in 2020. The country’s net external debt stock to its gross domestic product (GDP) ratio was 34.4% at the end of the third quarter of 2018. Foreigners have a relatively low level of gross debt claims against Australians. The external debt stock of the private sector is equal to $295 billion, with some $93 billion of this debt being short term. The Central Bank of the Republic of Turkey average market exchange rate is used for currency conversions. The Treasury and Finance Ministry of Turkey has announced that the country’s net external debt stock totaled $286.2 billion as of the end of September this year. All rights reserved, Unlimited access tailored to your data needs. Foreign Direct Investment (FDI) increased by 782.0 USD mn in Sep 2020. Turkey The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Turkey’s total external debt to GDP ratio has declined since 2002. The maximum volume was 1935227 TRY Million and minimum was 15 TRY Million. Read more. Turkey’s debt is huge, one of the highest debt burdens of any EM. Turkey debt to gdp ratio for 2016 was 31.65%, a 2.6% increase from 2015. Banks' external financing requirements fell to USD79 billion at end-June, from USD102 billion at end-1H18, and USD35 billion-USD40 billion when more stable sources of funding are excluded. In 2022, the panel sees the current account deficit narrowing to 2.6% of GDP. Instant access to full history data in excel. Statistics on external debt. Try … CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. © 2021 CEIC Data, an ISI Emerging Markets Group Company. Available via annual subscription to one or more of CEIC’s global and premium databases. If you decline, your information won’t be tracked when you visit this website. This is a very healthy figure, which should show that the country has a strong economy. February 22, 2021. Business confidence in Turkey rose to 109.3 in February, a 33-month high, from January’s 107.0. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. (USD mn), BoP: Current Account: Services: Credit (USD mn), BoP: Current Account: Services: Debit (USD mn), BoP: FA: Portfolio Investment (PI) (USD mn), International Investment Position (IIP) (USD mn), External Debt: BR: Long Term (LT) (USD mn), Foreign Direct Investment (FDI): Flows: NACE 2 (USD mn), FDI: Flows: NACE 2: IS: Electricity, Gas, Steam & Air Conditioning (USD mn), FDI: Flows: NACE 2: Services (SE) (USD mn), FDI: Flows: NACE 2: SE: Financial and Insurance (FI) (USD mn), FDI: Flows: NACE 2: Industrial Sectors (IS) (USD mn), FDI: Flows: NACE 2: IS: Manufacturing (Mfg) (USD mn), Investment Abroad: DI: FL: RE: Services (SE) (USD mn), Investment Abroad: DI: FL: RE: SE: Financial and Insurance (FI) (USD mn), Investment Abroad: DI: FL: RE: Industrial Sectors (IS) (USD mn), Investment Abroad: DI: FL: RE: IS: Mining and Quarrying (USD mn), Investment Abroad: DI: FL: RE: IS: Manufacturing (Mfg) (USD mn), Direct Investment Abroad: Flows: Residents (RE) (USD mn), Direct Investment Abroad: Flows: RE: Europe: Netherlands (USD mn), Direct Investment Abroad: Flows: RE: Europe: United Kingdom (USD mn), Direct Investment Abroad: Flows: RE: Europe: OT: Russia (USD mn), Direct Investment Abroad: Flows: RE: America: North: United States (USD mn), Direct Investment Abroad: Flows: RE: Asia: NM: OT: Azerbaijan (USD mn), Number of Companies: Newly Established (Unit), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Asset Quality: Banking Sector: NPL to Total Loan (%), Business Confidence: Net Balance (% Point), Composite Leading Indicator Index: Trend Restored (NA), Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point), Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point), Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point), Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point), BPM6: Balance of Payments: Analytical Presentation: Annual, BPM6: Balance of Payments: Detailed Presentation: Annual, BPM6: International Investment Position: Annual, External Debt: Commitments and Currency Composition, External Debt: Disbursements and Interest Payment, External Debt Outstanding: by Currency Composition, External Debt Outstanding: Private Sector, Financing From International Monetary Fund, Foreign Direct Investment: Flow: by Country, Foreign Direct Investment: Flow: by Industry, Investment Abroad: Direct: Flow: by Industry, Investment Abroad: Direct: Stock: by Industry: NACE 2, Investment Incentive Certificates: by Type, Balance of Payments: Capital and Financial Account, BPM6: Balance of Payments: Analytical Presentation, BPM6: Balance of Payments: Detailed Presentation, External Debt: Debt Outstanding, Debt Ratio and Debt Service, External Debt: Net Flows and Net Transfers, External Debt Outstanding: Central Government, External Debt Service: Principal and Interest Payments, External Debt: Terms and Undisbursed Debt, Foreign Direct Investment: by Number of Companies, Foreign Direct Investment: Flow: by Country: Annual, Foreign Direct Investment: Flow: by Industry: Annual, Investment Abroad: Direct: Flow: by Country, Investment Abroad: Direct: Stock: by Country, Investment Incentive Certificates: by Industry. Historical data on the value and ratio of Spain public debt to its Gross Domestic Product. Turkey's gross external debt stock totaled $436.9 billion at the end of 2019, the Treasury and Finance Ministry reported Tuesday. Some $334 billion of the outstanding external debt belongs to the private sector and $90 billion of the outstanding private sector debts are short-term loans. However, currency risk has increased (56% of central government debt was foreign currency linked or denominated at end-2020, up from 39% in 2017). Meanwhile, the total public sector short-term debt is $24 billion. How to compare Forex brokers spreads and swaps? In 2020, the total national debt of Turkey amounted to a debt-to-GDP ratio of 41.7%. Implications of Turkey's debt Instant access to full history data in excel. These cookies are used to collect information about how you interact with our website and allow us to remember you. The country's foreign currency debt now stands at more than 50 percent of its GDP, according to estimates by the International Monetary Fund. Ankara’s package amounts to 1.5 percent of GDP. Turkey External Debt: % of Nominal GDP data is updated yearly, available from Dec 1989 to Dec 2019. Turkey Direct Investment Abroad expanded by 378.0 USD mn in Nov 2020. To find out more about the cookies we use, see our Cookies Policy. Includes External Debt: % of GDP on 106 economies standardised by CEIC. Overview for 09.03.2021, Forex Technical Analysis & Forecast 09.03.2021, Murrey Math Lines 09.03.2021 (AUDUSD, NZDUSD), Japanese Candlesticks Analysis 09.03.2021 (EURUSD, USDJPY, EURGBP), Ichimoku Cloud Analysis 09.03.2021 (GBPNZD, EURAUD, EURJPY), The USD is strengthening actively. The country's net foreign debt totaled $244.6 billion as of Dec. 31, accounting for 32.5% of its GDP. Government Debt to GDP in Turkey is expected to reach 40.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. The maximum level was 76.1 % and minimum was 27.5 %. Turkish Statistical Institute provides Nominal GDP in local currency. GDP expanded 5.9% year-on-year in the fourth quarter of 2020, softening from the third quarter’s 6.3% rise and coming in under market expectations. The country's Nominal GDP was reported at 196.9 USD bn in Sep 2020. Turkey External Debt: % of Nominal GDP data is updated yearly, available from Dec 1989 to Dec 2019. Begin with a look at the Turkish debt situation. Norway debt to gdp ratio for 1992 was 22.34%, a 3.75% increase from 1991. Table 1 compares external debt and total liabilities for a group of industrial countries, relative to GDP. In an interview with Al-Jazeera Net, Muhammad Klopp, an economic researcher at Yildirim Beyazit University, attributed Turkey's success in settling its debts with the IMF to 3 factors: Norway debt to gdp ratio for 1993 was 31.56%, a 9.22% increase from 1992. Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors. Republic of Turkey Ministry of Treasury and Finance provides External Debt in USD. Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Spain Government Debt to GDP was 95.5 % in 2021. This page provides forecast and historical data, charts, statistics, news and updates for Turkey Nominal Gross Domestic Product. Read more In 1993, gross debt was equivalent to 53 per cent of GDP, ranking Australia in the lower half of this group of countries. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. Turkey Government Debt to GDP was 33.1 % in 2021. Statistics on external debt. These account for 42% and 35%, respectively, of Turkey's USD190 billion external financing requirement over the next 12 months. Loans guaranteed by the Turkish Treasury stood at $13.8 billion during the same period. However, Turkey’s gross external debt stock amounted to $448.4 billion at the end of the 3rd quarter, bringing the debt/GDP ratio to 53.8% according to the official figures. However, the currency of Turkey keeps falling and there has been a developing … Suitable for enterprise usage. Turkey’s external debt amounted in $453B in March 2019 with private companies accounted for about two-thirds of the debt. Download limits apply. Turkey debt to gdp ratio for 2014 was 31.40%, a 1.27% decline from 2013. FocusEconomics Consensus Forecast panelists expect Turkey to record a current account deficit of 2.7% of GDP in 2021. A single cookie will be used in your browser to remember your preference not to be tracked. Thus, Turkey became for the first time debt free to the IMF in 52 years. Gross external debt of Turkey, at a given time, consists of the outstanding amount of those actual current, and not contingent liabilities owed to nonresidents of the Central Bank (CBRT), public and private sector institutions and households of Turkey. A total of $122 billion of this debt is short term. Most of Russia’s external debt is private. The data reached an all-time high of 57.1 % in Dec 2019 and a record low of 26.1 % in Dec 1990. Nominal Gross Domestic Product for Turkey from Turkish Statistical Institute (Turkstat) for the Quarterly accounts release. Turkey debt to gdp ratio for 2015 was 29.05%, a 2.35% decline from 2014. “Based on the current exchange rate, the ratio has likely risen closer to 88% of GDP,” Goh said. Norway debt to gdp ratio for 1994 was 30.75%, a 0.81% decline from 1993. Data published Monthly by Undersecretariat of Treasury. Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (TRY bn), General Budget: ytd: Expenditure (EX) (TRY th), General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th), General Budget: ytd: Revenue: Tax (TRY th), General Budget: ytd: EX: Primary: Capital Expenditure (TRY th), General Budget: ytd: Revenue: Tax: Direct (TRY th), Central Government Debt: External (TRY mn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Exports: BEC: Capital Goods: Except Transportations Vehicles (USD mn), Exports: BEC: IG: Materials Incidental to Industry: Unprocessed (USD mn), Exports: BEC: IG: Materials Incidental to Industry: Processed (USD mn), Exports: BEC: IG: Unprocessed Fuels & Oils (USD mn), Exports: BEC: IG: Investment Goods Parts (USD mn), Imports: BEC: Capital Goods: Except Transportations Vehicles (USD mn), Imports: BEC: IG:Incidental to Industry: Unprocessed Materials (USD mn), Imports: BEC: IG:Incidental to Industry: Processed Materials (USD mn), Imports: BEC: IG: Unprocessed Fuels & Oils (USD mn), Imports: BEC: IG: Investment Goods Parts (USD mn), Export Volume Index: Seasonally and Working Day Adjusted (2010=100), Import Volume Index: Seasonally and Working Day Adjusted (2010=100), Natural Gas: Annual: Production (Cub m mn), Foreign Portfolio Investment: Debt Securities (USD mn), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: % of GDP (%), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: Current Account: Secondary Income (USD mn), BoP: FA: Portfolio Investment: Net Incurrence of Liabilities (NI) (USD mn), BoP: Current Account: Primary Income: Credit (USD mn), BoP: Current Account: Primary Income: Debit (USD mn), BoP: FA: Portfolio Investment: Net Acquisition of Financial Assets (USD mn), BoP: FA: Direct Investment: Net Acquisition of Financial Assets (USD mn), BoP: FA: Other Investment: Net Acquisition of Financial Assets (FA) (USD mn), BoP: FA: Other Investment: Net Incurrence of Liabilities (NI) (USD mn), BoP: Current, Capital and Financial Accounts (USD mn), BoP: Current Account: Goods: Exports: F.o.B. External Debt in Turkey increased to 435121 USD Million (435.121 B USD) in the third quarter of 2020. Canada experienced a gradual decrease in debt after the 1990s until 2010 when the debt began increasing again. The country’s net external debt stock to its gross domestic product (GDP) ratio was 34.4 percent at the end of the third quarter of 2018, the ministry’s data showed on Dec. 31. Turkey’s empty coffers are one of the reasons Erdogan could unveil only an anemic $15 billion stimulus plan on March 18. This site uses cookies to optimize functionality and give you the best possible experience. How Turkey will repay this external debt stock has been questioned by international rating agencies for some time. Hence, the total gross domestic debt of Turkey, counting both the public and the private sector, totals $444 billion. Turkey: Business confidence improves. Payable monthly by credit card. The data reached an all-time high of 57.1 % in Dec 2019 and a record low of 26.1 % in Dec 1990. Canada’s national debt is currently at 83.81% of its GDP. Against this background, Turkey’s gross public debt edged up from 27% of GDP in 2015 to 33% in 2019. External Debt as % of Nominal GDP prior to 1998 is sourced directly from Republic of Turkey Ministry of Treasury and Finance.In the latest reports of Turkey, Current Account recorded a deficit of 4.1 USD bn in Nov 2020. Foreign debt At the end of December 2017, the gross, foreign-currency denominated debt of the Turkish state stood at $453.2 bn (about 53% of GDP), while Turkey's net foreign debt was $291.2 bn (about 34% of GDP). Full and unlimited access to CEIC data for multiple users. In the absence of serious structural reforms, Turkey ran chronic current account deficits usually financed by external borrowing that made the country's external debt rise from decade to decade, reaching by 1980 about US$16.2 billion, or more than one-quarter of annual gross domestic product. When assets of the Central Bank of Turkey and other publicly held funds are deducted, the net national debt of Turkey is 35.2% of GDP. Live statistics for Economy of Turkey. Government Debt to GDP in Turkey increased to 33.1 % in 2019. Overview for 08.03.2021, Fibonacci Retracements Analysis 08.03.2021 (GOLD, USDCHF), List of countries with highest gold reserves, TOP countries with the highest level of unemployment, How to find the best FX broker for trading in 2020. Entry level access to the CEIC platform for individual users.

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