Financial Accounts Report 2025-IV. Quarter

Summary

According to sectoral financial balance sheets, resident sectors’ total financial assets and liabilities at endquarter amounted to TRY 220 trillion and TRY 232 trillion, respectively. Below is a summary of developments pertaining to the fourth quarter of 2025:

• The ratio of the net financial position deficit of the Turkish economy to gross domestic product (GDP) decreased by 1.7 points over the previous quarter to 19.1%.
• According to net financial transactions conducted by sectors, the total economy, which was a net lender of 1% of GDP in the previous quarter, was a net borrower of 3.4% of GDP in the third quarter.
• An analysis of the domestic economy’s financial balance sheets by sectors reveals that the total economy was a financial borrower, households and the rest of the world were creditors, and nonfinancial corporations and the general government were debtors.
• Among households' financial assets, currency and deposits stand out with a share of approximately 54%, and almost all liabilities are composed of loans.
• Financial assets and liabilities of non-financial corporations were driven by shares and other equity items with 51% and 48% shares, respectively.
• A cross-country comparison of indebtedness ratios for all sectors reveals that the total debt of resident sectors was low in Türkiye. In the fourth quarter of 2025, the ratio to GDP of total debt in the form of loans and debt securities was 93%, a limited decrease from the previous quarter.