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

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

Short-Term External Debt Statistics Developments - February 2019

  • Short-term external debt stock recorded USD 118.2 billion at the end of February, indicating an increase of 1.6 percent compared to the end of 2018. Specifically, in this period, banks’ short-term external debt stock increased by 0.9 percent to USD 57.4 billion and other sectors’ short-term external debt stock increased by 2.6 percent to USD 54.9 billion.
  • Short-term FX loans of the banks received from abroad decreased by 13.1 percent to USD 9.6 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 1.5 percent in comparison to the end of 2018 recording USD 19.1 billion, and FX deposits of non-resident banks recorded USD 13.2 billion increasing by 1.4 percent. In addition, non-residents’ Turkish lira deposits increased by 10.6 percent and recorded USD 15.5 billion.
  • Trade credits due to imports under other sectors recorded USD 40.2 billion reflecting an increase of 0.8 percent compared to the end of 2018.
  • From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 9.8 percent to USD 24.7 billion and the short-term debt of private sector decreased by 0.4 percent to USD 87.6 billion compared to the end of 2018.
  • From the creditors side, short-term debt to monetary institutions under private creditors item decreased by 1.4 percent to USD 47.7 billion and short-term debt to non-monetary institutions increased by 3.4 percent to USD 69.6 billion. Short-term bond issues decreased by 22.2 percent to 77 million as of the end of February decreasing from USD 99 million observed at the end of 2018. In the same period, short-term debt to official creditors recorded USD 810 million.
  • As of end of February, the currency breakdown of short-term external debt stock composed of 49.2 percent US dollars, 29.8 percent euro, 15.7 percent Turkish lira and 5.3 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 177.1 billion, of which USD 21.1 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 19.5 percent, Central Bank accounted for 3.4 percent and private sector accounted 77.1 percent in total stock.

Data - February 2019

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