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 - March 2024

  • Short-term external debt stock recorded USD 175.4 billion at the end of March, 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 4.1 percent to USD 71.2 billion and other sectors’ short-term external debt stock decreased by 3.7 percent to USD 58.2 billion.
  • Short-term FX loans of the banks received from abroad increased by 21.0 percent to USD 15.3 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 4.1 percent in comparison to the end of 2023 recording USD 19.2 billion, and FX deposits of non-resident banks recorded USD 20.3 billion decreasing by 2.0 percent. In addition, non-residents’ Turkish lira deposits increased by 8.9 percent and recorded USD 16.5 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 9.3 percent to USD 37.7 billion and the short-term debt of private sector decreased by 2.8 percent to USD 91.8 billion compared to the end of 2023.
  • From the creditors side, short-term debt to monetary institutions under private creditors item decreased by 5.2 percent to USD 90.6 billion and short-term debt to non-monetary institutions increased by 2.7 percent to USD 79.8 billion. Short-term bond issues amounted to 4.3 billion as of the end of March increasing from USD 1.7 billion observed at the end of 2023. In the same period, short-term debt to official creditors recorded USD 604 million.
  • As of end of March, the currency breakdown of short-term external debt stock composed of 51.6 percent US dollars, 22.1 percent euro, 10.6 percent Turkish lira and 15.7 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 232.0 billion, of which USD 19.5 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 23.1 percent, Central Bank accounted for 19.8 percent and private sector accounted 57.1 percent in total stock.

Data - March 2024

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