Financial Accounts Report 2023- III. Quarter

Summary

According to sectoral financial balance sheets, the financial net worth of the Turkish economy as a  percentage of GDP decreased by 1 point in the third quarter of 2023 compared to the previous quarter. As  of the end of the third quarter, sectors’ total financial assets and liabilities amounted to TRY 78.5 trillion and  TRY 88 trillion, respectively. In this quarter, the ratio of non-financial corporations’ debt to GDP was recorded as 50.8%, while the ratio  of households’ debt to GDP stood at 11.3%, placing Türkiye among countries with low indebtedness levels in terms of both households and corporations.