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 - September 2022

  • Short-term external debt stock recorded USD 139.5 billion at the end of September, indicating an increase of 14.7 percent compared to the end of 2021. Specifically, in this period, banks’ short-term external debt stock increased by 9.6 percent to USD 56.3 billion and other sectors’ short-term external debt stock increased by 16.1 percent to USD 51.2 billion.
  • Short-term FX loans of the banks received from abroad decreased by 10.1 percent to USD 9.9 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 14.8 percent in comparison to the end of 2021 recording USD 17.6 billion, and FX deposits of non-resident banks recorded USD 17.8 billion increasing by 14.0 percent. In addition, non-residents’ Turkish lira deposits increased by 16.7 percent and recorded USD 11.0 billion.
  • Trade credits due to imports under other sectors recorded USD 46.0 billion reflecting an increase of 18.4 percent compared to the end of 2021.
  • From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 17.2 percent to USD 26.0 billion and the short-term debt of private sector increased by 11.2 percent to USD 81.5 billion compared to the end of 2021.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 13.7 percent to USD 72.1 billion and short-term debt to non-monetary institutions increased by 16.1 percent to USD 67.0 billion. Short-term bond issues amounted to 292 million as of the end of September decreasing from USD 460 million observed at the end of 2021. In the same period, short-term debt to official creditors recorded USD 94 million.
  • As of end of September, the currency breakdown of short-term external debt stock composed of 46.7 percent US dollars, 25.2 percent euro, 8.8 percent Turkish lira and 19.3 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 185.3 billion, of which USD 15.5 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 20.1 percent, Central Bank accounted for 17.3 percent and private sector accounted 62.6 percent in total stock.

Data - September 2022

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