Financial Accounts Report 2021- III. Quarter

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SUMMARY

According to sectoral financial balance sheets, the financial net worth of the Turkish economy as a percentage of GDP improved by 2,7 points in the third quarter of 2021 compared to the previous quarter. As of the end of the third quarter, sectors’ total financial assets and liabilities amounted to TRY 25,4 trillion and TRY 28,1 trillion, respectively.

In this period, the ratios of households’ and non-financial corporations’ debt to GDP were down from 16% to 15% and from 69% to 65%, respectively, placing Turkey among countries with low indebtedness levels in terms of both households and corporations.