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 - August 2021

  • Short-term external debt stock recorded USD 126.9 billion at the end of August, indicating an increase of 11.1 percent compared to the end of 2020. Specifically, in this period, banks’ short-term external debt stock increased by 3.5 percent to USD 59.3 billion and other sectors’ short-term external debt stock increased by 14.1 percent to USD 40.5 billion.
  • Short-term FX loans of the banks received from abroad decreased by 1.6 percent to USD 13.4 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 3.7 percent in comparison to the end of 2020 recording USD 15.7 billion, and FX deposits of non-resident banks recorded USD 14.7 billion increasing by 10.8 percent. In addition, non-residents’ Turkish lira deposits increased by 1.4 percent and recorded USD 15.6 billion.
  • Trade credits due to imports under other sectors recorded USD 35.0 billion reflecting an increase of 17.6 percent compared to the end of 2020.
  • From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 9.5 percent to USD 25.5 billion and the short-term debt of private sector increased by 6.9 percent to USD 74.4 billion compared to the end of 2020.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 10.8 percent to USD 72.3 billion and short-term debt to non-monetary institutions increased by 11.4 percent to USD 54.0 billion. Short-term bond issues amounted to 508 million as of the end of August increasing from USD 464 million observed at the end of 2020. In the same period, short-term debt to official creditors recorded USD 72 million.
  • As of end of August, the currency breakdown of short-term external debt stock composed of 41.2 percent US dollars, 25.3 percent euro, 14.0 percent Turkish lira and 19.5 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 169.2 billion, of which USD 18.3 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 21.4 percent, Central Bank accounted for 16.0 percent and private sector accounted 62.6 percent in total stock.

Data - August 2021

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