Short Term External Debt Statistics

Share
Print

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 - July 2022

  • Short-term external debt stock recorded USD 134.6 billion at the end of July, indicating an increase of 10.7 percent compared to the end of 2021. Specifically, in this period, banks’ short-term external debt stock increased by 7.6 percent to USD 55.3 billion and other sectors’ short-term external debt stock increased by 12.2 percent to USD 49.5 billion.
  • Short-term FX loans of the banks received from abroad decreased by 2.8 percent to USD 10.7 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 6.9 percent in comparison to the end of 2021 recording USD 16.4 billion, and FX deposits of non-resident banks recorded USD 17.7 billion increasing by 13.2 percent. In addition, non-residents’ Turkish lira deposits increased by 11.5 percent and recorded USD 10.5 billion.
  • Trade credits due to imports under other sectors recorded USD 44.5 billion reflecting an increase of 14.6 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 10.4 percent to USD 24.5 billion and the short-term debt of private sector increased by 9.5 percent to USD 80.3 billion compared to the end of 2021.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 10.4 percent to USD 70.0 billion and short-term debt to non-monetary institutions increased by 11.2 percent to USD 64.1 billion. Short-term bond issues amounted to 364 million as of the end of July decreasing from USD 460 million observed at the end of 2021. In the same period, short-term debt to official creditors recorded USD 84 million.
  • As of end of July, the currency breakdown of short-term external debt stock composed of 46.5 percent US dollars, 25.5 percent euro, 8.8 percent Turkish lira and 19.2 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 182.0 billion, of which USD 16.1 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 19.4 percent, Central Bank accounted for 16.3 percent and private sector accounted 64.3 percent in total stock.

 

Data - July 2022

Metadata

Revision Policy

Methodological Changes

Future Revisions