Financial Accounts Report 2023- II. Quarter

Summary

According to sectoral financial balance sheets, the financial net worth of the Turkish economy as a percentage of GDP decreased by 6.7 points in the second quarter of 2023 compared to the previous quarter. As of the end of the second quarter, sectors’ total financial assets and liabilities amounted to TRY 66.1 trillion and TRY 74 trillion, respectively. In this quarter, the ratio of non-financial corporations’ debt to GDP was recorded as 56%, while the ratio of households’ debt to GDP stood at 12%, placing Türkiye among countries with low indebtedness levels in terms of both households and corporations.