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

Short-Term External Debt Statistics Developments - August 2018

  • Short-term external debt stock recorded USD 114.3 billion at the end of August, indicating a decrease of 3.6 percent compared to the end of 2017. Specifically, in this period, banks’ short-term external debt stock decreased by 7.4 percent to USD 62.3 billion and other sectors’ short-term external debt stock decreased by 0.4 percent to USD 50.6 billion.
  • Short-term FX loans of the banks received from abroad decreased by 14.7 percent to USD 15 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 3.1 percent in comparison to the end of 2017 recording USD 19 billion, and FX deposits of non-resident banks recorded USD 18 billion increasing by 6.4 percent. In addition, non-residents’ Turkish lira deposits decreased by 21.9 percent and recorded USD 10.3 billion.
  • Trade credits due to imports under other sectors recorded USD 40.9 billion reflecting an increase of 0.6 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 1.8 percent to USD 22.5 billion and the short-term debt of private sector decreased by 5.8 percent to USD 90.3 billion compared to the end of 2017.
  • From the creditors side, short-term debt to monetary institutions under private creditors item decreased by 11.1 percent to USD 46.2 billion and short-term debt to non-monetary institutions increased by 0.8 percent to USD 65.9 billion. Short-term bond issues increased by 31.5 percent to 146 million as of the end of August increasing from USD 111 million observed at the end of 2017. In the same period, short-term debt to official creditors recorded USD 2.1 billion.
  • As of end of August, the currency breakdown of short-term external debt stock composed of 52.6 percent US dollars, 33.2 percent euro, 11.5 percent Turkish lira and 2.7 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 175.2 billion, of which USD 18.2 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 0.9 percent and private sector accounted 81 percent in total stock.

Data - August 2018

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