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 - December 2023

  • Short-term external debt stock recorded USD 174.4 billion at the end of December, indicating an increase of 17.2 percent compared to the end of 2022. Specifically, in this period, banks’ short-term external debt stock increased by 10.1 percent to USD 68.4 billion and other sectors’ short-term external debt stock increased by 10.8 percent to USD 59.6 billion.
  • Short-term FX loans of the banks received from abroad increased by 18.4 percent to USD 12.6 billion. FX deposits of non-residents (except banking sector) within residents banks decreased by 7.4 percent in comparison to the end of 2022 recording USD 20.0 billion, and FX deposits of non-resident banks recorded USD 20.7 billion increasing by 23.2 percent. In addition, non-residents’ Turkish lira deposits increased by 15.2 percent and recorded USD 15.1 billion.
  • Trade credits due to imports under other sectors recorded USD 52.5 billion reflecting an increase of 7.8 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 19.3 percent to USD 34.5 billion and the short-term debt of private sector increased by 7.5 percent to USD 93.6 billion compared to the end of 2022.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 29.2 percent to USD 95.7 billion and short-term debt to non-monetary institutions increased by 3.7 percent to USD 76.7 billion. Short-term bond issues amounted to 1649 million as of the end of December increasing from USD 676 million observed at the end of 2022. In the same period, short-term debt to official creditors recorded USD 357 million.
  • As of end of December, the currency breakdown of short-term external debt stock composed of 50.3 percent US dollars, 23.3 percent euro, 10.0 percent Turkish lira and 16.4 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 226.6 billion, of which USD 18.5 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 20.6 percent, Central Bank accounted for 20.5 percent and private sector accounted 58.9 percent in total stock.

Data - December 2023

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