Short Term External Debt Statistics

The Short-term External Debt Statistics, which are issued on a monthly basis, are primarily compiled from these resources:

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 - July 2023

Short-term external debt stock recorded USD 165.8 billion at the end of July, indicating an increase of 11.2 percent compared to the end of 2022. Specifically, in this period, banks’ short-term external debt stock increased by 4.0 percent to USD 64.8 billion and other sectors’ short-term external debt stock increased by 1.1 percent to USD 54.6 billion.

Short-term FX loans of the banks received from abroad increased by 7.9 percent to USD 11.6 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 4.4 percent in comparison to the end of 2022 recording USD 20.7 billion, and FX deposits of non-resident banks recorded USD 19.0 billion increasing by 12.9 percent. In addition, non-residents’ Turkish lira deposits increased by 3.2 percent and recorded USD 13.6 billion.

Trade credits due to imports under other sectors recorded USD 48.5 billion reflecting a decrease of 0.5 percent compared to the end of 2022.

From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 10.8 percent to USD 32.0 billion and the short-term debt of private sector decreased by 0.0 percent to USD 87.4 billion compared to the end of 2022.

From the creditors side, short-term debt to monetary institutions under private creditors item increased by 23.6 percent to USD 91.9 billion and short-term debt to non-monetary institutions decreased by 1.7 percent to USD 72.8 billion. Short-term bond issues amounted to 914 million as of the end of July increasing from USD 676 million observed at the end of 2022. In the same period, short-term debt to official creditors recorded USD 236 million.

As of end of July, the currency breakdown of short-term external debt stock composed of 48.4 percent US dollars, 25.2 percent euro, 9.1 percent Turkish lira and 17.3 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 210.0 billion, of which USD 16.7 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 19.9 percent, Central Bank accounted for 22.1 percent and private sector accounted 58.0 percent in total stock.