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 - March 2023

Short-term external debt stock recorded USD 161.4 billion at the end of March, indicating an increase of 8.7 percent compared to the end of 2022. Specifically, in this period, banks’ short-term external debt stock increased by 8.2 percent to USD 66.0 billion and other sectors’ short-term external debt stock increased by 2.4 percent to USD 56.0 billion.

Short-term FX loans of the banks received from abroad increased by 1.3 percent to USD 10.9 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 6.9 percent in comparison to the end of 2022 recording USD 21.7 billion, and FX deposits of non-resident banks recorded USD 16.9 billion increasing by 0.5 percent. In addition, non-residents’ Turkish lira deposits increased by 25.8 percent and recorded USD 16.5 billion.

Trade credits due to imports under other sectors recorded USD 49.7 billion reflecting an increase of 1.2 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 9.9 percent to USD 31.8 billion and the short-term debt of private sector increased by 4.0 percent to USD 90.3 billion compared to the end of 2022.

From the creditors side, short-term debt to monetary institutions under private creditors item increased by 13.7 percent to USD 84.8 billion and short-term debt to non-monetary institutions increased by 3.4 percent to USD 75.6 billion. Short-term bond issues amounted to 904 million as of the end of March increasing from USD 676 million observed at the end of 2022. In the same period, short-term debt to official creditors recorded USD 45 million.

As of end of March, the currency breakdown of short-term external debt stock composed of 46.0 percent US dollars, 25.0 percent euro, 11.5 percent Turkish lira and 17.5 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 203.3 billion, of which USD 17.1 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 21.0 percent, Central Bank accounted for 19.3 percent and private sector accounted 59.7 percent in total stock.