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 - April 2018
- Short-term external debt stock recorded USD 125.5 billion at the end of April, indicating an increase of 6.5 percent compared to the end of 2017. Specifically, in this period, banks’ short-term external debt stock increased by 5.7 percent to USD 70.7 billion and other sectors’ short-term external debt stock increased by 7.6 percent to USD 54.8 billion.
- Short-term FX loans of the banks received from abroad decreased by 1.4 percent to USD 17 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 4.8 percent in comparison to the end of 2017 recording USD 20.5 billion, and FX deposits of non-resident banks recorded USD 18.4 billion increasing by 8.6 percent. In addition, non-residents’ Turkish lira deposits increased by 12.4 percent and recorded USD 14.7 billion.
- Trade credits due to imports under other sectors recorded USD 42.8 billion reflecting an increase of 5.4 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 12.1 percent to USD 27.8 billion and the short-term debt of private sector increased by 5.2 percent to USD 100.7 billion compared to the end of 2017.
- From the creditors side, short-term debt to monetary institutions under private creditors item increased by 7.9 percent to USD 55.9 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 188.3 percent to 320 million as of the end of April 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 April, the currency breakdown of short-term external debt stock composed of 49.9 percent US dollars, 31.7 percent euro, 15.6 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 183.3 billion, of which USD 21.2 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 17.4 percent, Central Bank accounted for 0.3 percent and private sector accounted 82.3 percent in total stock.