Short Term External Debt Statistics

The Short-term External Debt Statistics, which are issued on a monthly basis, are primarily compiled from these resources:

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 - January 2023

Short-term external debt stock recorded USD 152.8 billion at the end of January, indicating an increase of 3.5 percent compared to the end of 2022. Specifically, in this period, banks’ short-term external debt stock increased by 4.6 percent to USD 62.9 billion and other sectors’ short-term external debt stock increased by 2.8 percent to USD 56.2 billion.

Short-term FX loans of the banks received from abroad decreased by 2.3 percent to USD 10.5 billion. FX deposits of non-residents (except banking sector) within residents banks increased by 3.7 percent in comparison to the end of 2022 recording USD 21.0 billion, and FX deposits of non-resident banks recorded USD 17.2 billion increasing by 2.0 percent. In addition, non-residents’ Turkish lira deposits increased by 15.8 percent and recorded USD 14.2 billion.

Trade credits due to imports under other sectors recorded USD 50.3 billion reflecting an increase of 2.3 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 10.0 percent to USD 31.8 billion and the short-term debt of private sector increased by 1.7 percent to USD 87.4 billion compared to the end of 2022.

From the creditors side, short-term debt to monetary institutions under private creditors item increased by 3.9 percent to USD 76.6 billion and short-term debt to non-monetary institutions increased by 3.0 percent to USD 75.3 billion. Short-term bond issues amounted to 804 million as of the end of January increasing from USD 676 million observed at the end of 2022. In the same period, short-term debt to official creditors recorded USD 92 million.

As of end of January, the currency breakdown of short-term external debt stock composed of 45.2 percent US dollars, 25.8 percent euro, 10.5 percent Turkish lira and 18.5 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 196.0 billion, of which USD 16.6 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 21.9 percent, Central Bank accounted for 17.2 percent and private sector accounted 60.9 percent in total stock.