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
  • Direct reporting data from TURKSTAT for trade credits
  • CBRT’s monthly foreign exchange reports

Data are available as time series in EVDS. Click here for access.

Data have been revised with the publication on 19 August 2021.

Detailed technical information on the revisions can be accessed from the Research Notes in Economics and CBRT Blog pages.

Short-Term External Debt Statistics Developments - September 2024

  • Short-term external debt stock recorded USD 176.4 billion at the end of September, indicating an increase of 0.1 percent compared to the end of 2023. Specifically, in this period, banks’ short-term external debt stock increased by 15.5 percent to USD 79.0 billion and other sectors’ short-term external debt stock decreased by 3.9 percent to USD 59.0 billion.
  • Short-term FX loans of the banks received from abroad increased by 60.8 percent to USD 20.3 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 1.2 percent in comparison to the end of 2023 recording USD 19.8 billion, and FX deposits of non-resident banks recorded USD 19.8 billion decreasing by 4.4 percent. In addition, non-residents’ Turkish lira deposits increased by 26.8 percent and recorded USD 19.2 billion.
  • Trade credits due to imports under other sectors recorded USD 51.2 billion reflecting a decrease of 5.7 percent compared to the end of 2023.
  • From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 14.8 percent to USD 39.6 billion and the short-term debt of private sector increased by 3.3 percent to USD 98.4 billion compared to the end of 2023.
  • From the creditors side, short-term debt to monetary institutions under private creditors item decreased by 1.4 percent to USD 94.2 billion and short-term debt to non-monetary institutions decreased by 3.2 percent to USD 76.1 billion. Short-term bond issues amounted to 6.0 billion as of the end of September increasing from USD 1.7 billion observed at the end of 2023. In the same period, short-term debt to official creditors recorded USD 47 million.
  • As of end of September, the currency breakdown of short-term external debt stock composed of 47.3 percent US dollars, 22.4 percent euro, 14.8 percent Turkish lira and 15.5 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 233.1 billion, of which USD 21.4 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 23.7 percent, Central Bank accounted for 16.5 percent and private sector accounted 59.8 percent in total stock.

Data - September 2024

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