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 2021

  • Short-term external debt stock recorded USD 141.2 billion at the end of February, indicating an increase of 2.0 percent compared to the end of 2020. Specifically, in this period, banks’ short-term external debt stock increased by 6.1 percent to USD 61.5 billion and other sectors’ short-term external debt stock decreased by 3.7 percent to USD 56.9 billion.
  • Short-term FX loans of the banks received from abroad increased by 0.8 percent to USD 8.9 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 0.5 percent in comparison to the end of 2020 recording USD 20.0 billion, and FX deposits of non-resident banks recorded USD 14.6 billion increasing by 10.2 percent. In addition, non-residents’ Turkish lira deposits increased by 14.1 percent and recorded USD 17.9 billion.
  • Trade credits due to imports under other sectors recorded USD 51.1 billion reflecting a decrease of 4.1 percent compared to the end of 2020.
  • From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 10.1 percent to USD 28.2 billion and the short-term debt of private sector decreased by 1.4 percent to USD 90.1 billion compared to the end of 2020.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 8.4 percent to USD 66.0 billion and short-term debt to non-monetary institutions decreased by 3.1 percent to USD 74.6 billion. Short-term bond issues amounted to 454 million as of the end of February decreasing from USD 464 million observed at the end of 2020. In the same period, short-term debt to official creditors recorded USD 119 million.
  • As of end of February, the currency breakdown of short-term external debt stock composed of 43.5 percent US dollars, 27.1 percent euro, 14.5 percent Turkish lira and 14.9 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 192.0 billion, of which USD 19.9 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 23.0 percent, Central Bank accounted for 11.9 percent and private sector accounted 65.1 percent in total stock.

Data - February 2021

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