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 - December 2018

  • Short-term external debt stock recorded USD 116.2 billion at the end of December, indicating a decrease of 2.9 percent compared to the end of 2017. Specifically, in this period, banks’ short-term external debt stock decreased by 15.3 percent to USD 56.9 billion and other sectors’ short-term external debt stock increased by 5.2 percent to USD 53.4 billion.
  • Short-term FX loans of the banks received from abroad decreased by 37.3 percent to USD 11 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 3.8 percent in comparison to the end of 2017 recording USD 18.8 billion, and FX deposits of non-resident banks recorded USD 13 billion decreasing by 23.2 percent. In addition, non-residents’ Turkish lira deposits increased by 7 percent and recorded USD 14 billion.
  • Trade credits due to imports under other sectors recorded USD 39.9 billion reflecting a decrease of 2 percent compared to the end of 2017.
  • From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 1.7 percent to USD 22.5 billion and the short-term debt of private sector decreased by 8.4 percent to USD 87.8 billion compared to the end of 2017.
  • From the creditors side, short-term debt to monetary institutions under private creditors item decreased by 17.6 percent to USD 42.8 billion and short-term debt to non-monetary institutions increased by 9.5 percent to USD 72.8 billion. Short-term bond issues decreased by 10.8 percent to 99 million as of the end of December decreasing from USD 111 million observed at the end of 2017. In the same period, short-term debt to official creditors recorded USD 492 million.
  • As of end of December, the currency breakdown of short-term external debt stock composed of 50 percent US dollars, 29.7 percent euro, 14.9 percent Turkish lira and 5.4 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 175 billion, of which USD 19.7 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 18.1 percent, Central Bank accounted for 3.4 percent and private sector accounted 78.5 percent in total stock.

Data - December 2018

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