SUMMARY

According to sectoral financial balance sheets, the financial net worth of the Turkish economy as a percentage of GDP declined by 3.6 points in the fourth quarter of 2021 compared to the previous quarter. As of the end of the fourth quarter, sectors’ total financial assets and liabilities amounted to TRY 32.0 trillion and TRY 35.3 trillion, respectively.

In this period, while the ratio of households’ debt to GDP remained flat at 15%, that of non-financial corporations’ debt to GDP stood at 74%, placing Türkiye among countries with low indebtedness levels in terms of both households and corporations.