Short Term External Debt Statistics


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 - January 2024

  • Short-term external debt stock recorded USD 174.9 billion at the end of January, indicating a decrease of 0.2 percent compared to the end of 2023. Specifically, in this period, banks’ short-term external debt stock increased by 2.2 percent to USD 69.9 billion and other sectors’ short-term external debt stock decreased by 2.7 percent to USD 58.8 billion.
  • Short-term FX loans of the banks received from abroad increased by 5.0 percent to USD 13.2 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 2.3 percent in comparison to the end of 2023 recording USD 19.5 billion, and FX deposits of non-resident banks recorded USD 20.4 billion decreasing by 1.4 percent. In addition, non-residents’ Turkish lira deposits increased by 10.8 percent and recorded USD 16.8 billion.
  • Trade credits due to imports under other sectors recorded USD 51.7 billion reflecting a decrease of 3.4 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 3.4 percent to USD 35.7 billion and the short-term debt of private sector decreased by 1.4 percent to USD 93.1 billion compared to the end of 2023.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 0.7 percent to USD 96.2 billion and short-term debt to non-monetary institutions decreased by 2.3 percent to USD 75.9 billion. Short-term bond issues amounted to 2.4 billion as of the end of January increasing from USD 1.7 billion observed at the end of 2023. In the same period, short-term debt to official creditors recorded USD 373 million.
  • As of end of January, the currency breakdown of short-term external debt stock composed of 50.5 percent US dollars, 22.5 percent euro, 10.8 percent Turkish lira and 16.2 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 225.4 billion, of which USD 19.6 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 21.0 percent, Central Bank accounted for 20.5 percent and private sector accounted 58.5 percent in total stock.

Data - January 2024


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Methodological Changes

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