Short Term External Debt Statistics

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The Short-term External Debt Statistics, which are issued on a monthly basis, are primarily compiled from these resources:

  • Banks’ monthly foreign exchange stock reports
  • Private sector’s external debt monitoring system
  • Import data from TURKSTAT for trade credits
  • CBRT’s monthly foreign exchange reports

Short-Term External Debt Statistics Developments - May 2018

  • Short-term external debt stock recorded USD 123.3 billion at the end of May, indicating an increase of 4.8 percent compared to the end of 2017. Specifically, in this period, banks’ short-term external debt stock increased by 2 percent to USD 68.1 billion and other sectors’ short-term external debt stock increased by 8.5 percent to USD 55.1 billion.
  • Short-term FX loans of the banks received from abroad decreased by 3 percent to USD 16.6 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 1.4 percent in comparison to the end of 2017 recording USD 19.9 billion, and FX deposits of non-resident banks recorded USD 17.9 billion increasing by 5.8 percent. In addition, non-residents’ Turkish lira deposits increased by 4.3 percent and recorded USD 13.7 billion.
  • Trade credits due to imports under other sectors recorded USD 43.5 billion reflecting an increase of 7 percent compared to the end of 2017.
  • From the borrowers side, the short-term debt of public sector, which mainly composed of public banks, increased by 8.1 percent to USD 23.9 billion and the short-term debt of private sector increased by 4 percent to USD 99.3 billion compared to the end of 2017.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 3.8 percent to USD 53.6 billion and short-term debt to non-monetary institutions increased by 5.1 percent to USD 68.1 billion. Short-term bond issues increased by 219.8 percent to 355 million as of the end of May increasing from USD 111 million observed at the end of 2017. In the same period, short-term debt to official creditors recorded USD 1.3 billion.
  • As of end of May, the currency breakdown of short-term external debt stock composed of 50.9 percent US dollars, 31.5 percent euro, 14.8 percent Turkish lira and 2.8 percent other currencies.
  • Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regarding of the original maturity, recorded USD 180.6 billion, of which USD 20.3 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 17.1 percent, Central Bank accounted for 0.3 percent and private sector accounted 82.6 percent in total stock.

Data - May 2018

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