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 - August 2019

  • Short-term external debt stock recorded USD 120.7 billion at the end of August, indicating an increase of 5.4 percent compared to the end of 2018. Specifically, in this period, banks’ short-term external debt stock increased by 0.1 percent to USD 57.2 billion and other sectors’ short-term external debt stock increased by 11.0 percent to USD 57.1 billion.
  • Short-term FX loans of the banks received from abroad decreased by 14.7 percent to USD 9.5 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 8.7 percent in comparison to the end of 2018 recording USD 20.6 billion, and FX deposits of non-resident banks recorded USD 13.7 billion increasing by 5.0 percent. In addition, non-residents’ Turkish lira deposits decreased by 4.4 percent and recorded USD 13.4 billion.
  • Trade credits due to imports under other sectors recorded USD 41.0 billion reflecting an increase of 2.9 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 1.9 percent to USD 22.9 billion and the short-term debt of private sector increased by 6.1 percent to USD 91.4 billion compared to the end of 2018.
  • From the creditors side, short-term debt to monetary institutions under private creditors item decreased by 4.6 percent to USD 46.3 billion and short-term debt to non-monetary institutions increased by 12.9 percent to USD 73.9 billion. Short-term bond issues decreased by 8.1 percent to 91 million as of the end of August decreasing from USD 99 million observed at the end of 2018. In the same period, short-term debt to official creditors recorded USD 487 million.
  • As of end of August, the currency breakdown of short-term external debt stock composed of 50.4 percent US dollars, 30.8 percent euro, 13.1 percent Turkish lira and 5.7 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 172.0 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 18.4 percent, Central Bank accounted for 3.7 percent and private sector accounted 77.9 percent in total stock.

 

 

 

 

Data - August 2019

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