Turkey recorded a Government Debt to GDP of 24.70 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Turkey Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Turkey Government Debt: % of GDP

• Turkey Government debt accounted for 25.6 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 26.1 % in the previous quarter.
• Turkey government debt to GDP ratio data is updated quarterly, available from Dec 2001 to Sep 2024.
• The data reached an all-time high of 75.5 % in Dec 2001 and a record low of 25.6 % in Sep 2024.

Republic of Turkey, Ministry of Treasury and Finance provides quarterly Government Debt as % of Nominal GDP.


Related information about Turkey Government Debt: % of GDP

• In the latest reports, Turkey National Government Debt reached 254.3 USD bn in Dec 2022.
• The country's Nominal GDP reached 245.5 USD bn in Mar 2023.

Key information about Turkey External Debt: % of GDP

• Turkey External Debt accounted for 45.1 % of the country's Nominal GDP in 2023, compared with the ratio of 50.9 % in the previous year.
• Turkey External Debt: % of Nominal GDP data is updated yearly, available from Dec 1989 to Dec 2023.
• The data reached an all-time high of 59.6 % in Dec 2020 and a record low of 26.1 % in Dec 1990.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and quarterly Nominal GDP. Republic of Turkey, Ministry of Treasury and Finance provides External Debt in USD. Turkish Statistical Institute provides Nominal GDP in local currency. The Central Bank of the Republic of Turkey average market exchange rate is used for currency conversions. External Debt as % of Nominal GDP prior to 1998 is sourced directly from Republic of Turkey, Ministry of Treasury and Finance.


Related information about Turkey External Debt: % of GDP

• In the latest reports of Turkey, Current Account recorded a surplus of 1.9 USD bn in Oct 2024.
• Foreign Direct Investment (FDI) increased by 770.0 USD mn in Oct 2024.
• Turkey Direct Investment Abroad expanded by 974.0 USD mn in Oct 2024.
• Its Foreign Portfolio Investment increased by 9.3 USD bn in Sep 2024.
• The country's External Debt reached 525,799.9 in Sep 2024.
• The country's Nominal GDP was reported at 245.5 USD bn in Mar 2023.

The statistic shows the national debt of Turkey from 2020 to 2023 in relation to the gross domestic product (GDP), with projections up until 2030. The data relate to the entire Turkish state and include government debt and the debt of the provinces, municipalities, communes as well as social security. In 2023, Turkey's national debt amounted to around 29.26 percent of the GDP. Turkey's economic situation Based on the current state of its economy, Turkey is defined as an emerging market and one of the newly industrialized countries in the world. Turkey is identified as one of the members of the G-20 major economies and is also a member of the EU Customs Union, allowing for custom-free trade amongst all member states. Like every other country's economy, Turkey’s economy is primarily made up of three different sectors; agriculture, industry and services. Over the past decade, Turkey has shifted more focus to its services sector, most notably tourism, communications and transport, while slightly decreasing its dependency on the agricultural and industrial aspects. While many other countries have struggled to recover from the 2008 global financial crisis as well as the Eurozone crisis, the Turkish economy returned to its pre-crisis form in several years and has since seen exponential economic growth and higher productivity and efficiency, more than double the amount compared to a decade prior. With regards to total GDP, government spending within the country has remained relatively low and has remained stable over the past decade, in comparison to developed EU countries, which may be spending more than they can afford.

Private Debt to GDP in Turkey decreased to 126.70 percent in 2023 from 136.60 percent in 2022. Turkey Private Debt to GDP - values, historical data, forecasts and news - updated on July of 2025.

Turkey debt to gdp ratio for 2022 was 36.09%, a 7.46% decline from 2021.

<ul style='margin-top:20px;'>

<li>Turkey debt to gdp ratio for 2021 was <strong>43.55%</strong>, a <strong>0.36% increase</strong> from 2020.</li>
<li>Turkey debt to gdp ratio for 2020 was <strong>43.18%</strong>, a <strong>6.48% increase</strong> from 2019.</li>
<li>Turkey debt to gdp ratio for 2019 was <strong>36.70%</strong>, a <strong>4.74% increase</strong> from 2018.</li>
</ul>Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Key information about Turkey Household Debt: % of GDP

• Turkey household debt accounted for 10.0 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 10.3 % in the previous quarter.
• Turkey household debt to GDP ratio is updated quarterly, available from Dec 2014 to Sep 2024.
• The data reached an all-time high of 19.1 % in Mar 2015 and a record low of 10.0 % in Sep 2024.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Central Bank of the Republic of Turkey provides Household Debt in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.


Related information about Turkey Household Debt: % of GDP

• In the latest reports, Turkey Household Debt reached 106.7 USD bn in Dec 2024.
• Money Supply M2 in Turkey increased 28.7 % YoY in Dec 2024.
• Turkey Foreign Exchange Reserves was measured at 83.5 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 3.1 Months of Import in Jan 2025.
• Turkey Domestic Credit reached 587.6 USD bn in Dec 2024, representing an increased of 38.2 % YoY.
• The country's Non Performing Loans Ratio stood at 1.8 % in Dec 2024, compared with the ratio of 1.8 % in the previous month.

Graph and download economic data for General government gross debt for Turkey (GGGDTATRA188N) from 2000 to 2023 about Turkey, gross, debt, and government.

Households Debt in Turkey increased to 9.70 percent of GDP in the fourth quarter of 2024 from 9.60 percent of GDP in the third quarter of 2024. This dataset provides - Turkey Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Key information about Turkey Total Debt: % of GDP

• Turkey Total Debt accounted for 253.0 % of the country's GDP in 2024, compared with the ratio of 259.3 % in the previous quarter.
• Turkey Total Debt: % of GDP data is updated quarterly, available from Dec 2014 to Sep 2024.
• The data reached an all-time high of 386.2 % in Dec 2021 and a record low of 253.0 % in Sep 2024.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives. The Central Bank of the Republic of Turkey provides Total Debt in local currency. The Turkish Statistical Institute provides Nominal GDP in local currency.

Key information about Turkey Private Debt: % of Nominal GDP

• Turkey Private Debt accounted for 28.53 % of its Nominal GDP in Dec 2024, compared with a ratio of 29.55 % in the previous quarter
• Turkey Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 1998 to Dec 2024, with an average share of 33.59 %
• The data reached an all-time high of 58.70 % in Sep 2020 and a record low of 8.77 % in Sep 2002

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Central Bank of the Republic of Turkey provides Private Debt in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.

The ratio of national debt to gross domestic product (GDP) of Greece was estimated at approximately 150.89 percent in 2024. Between 1980 and 2024, the ratio rose by around 128.05 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is expected to drop by about 25.82 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

The general government of Turkey recorded the highest net borrowing to GDP ratio in 2023, totaling nearly five percent. Throughout the observed period, Turkish government lent out only between 2013 and 2015, which included a range of 0.2 to 0.5 percent of its GDP.

External Debt in Turkey increased to 527495 USD Million in the first quarter of 2025 from 515500 USD Million in the fourth quarter of 2024. This dataset provides - Turkey External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Household debt to GDP, in percent in Turkey, September, 2024 The most recent value is 9.6 percent as of September 2024, a decline compared to the previous value of 9.8 percent. Historically, the average for Turkey from March 1990 to September 2024 is 8.83 percent. The minimum of 0.1 percent was recorded in March 1990, while the maximum of 19.5 percent was reached in December 2013. | TheGlobalEconomy.com

Central government debt, total (% of GDP) in Turkey was reported at 33.11 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Turkey: Government debt as percent of GDP: The latest value from 2023 is 29.5 percent, a decline from 30.8 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for Turkey from 2002 to 2023 is 39.04 percent. The minimum value, 27.16 percent, was reached in 2015 while the maximum of 71.51 percent was recorded in 2002.

Key information about Turkey External Debt: Short Term: % of GDP

• Turkey External Debt: Short Term accounted for 15.9 % of the country's Nominal GDP in 2023, compared with the ratio of 16.6 % in the previous year.
• Turkey External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 1989 to 2023.
• The data reached an all-time high of 16.6 % in 2022 and a record low of 5.4 % in 1989.

CEIC calculates Short Term External Debt as % of Nominal GDP from annual Short Term External Debt and quarterly Nominal GDP. Republic of Turkey, Ministry of Treasury and Finance provides Short Term External Debt in USD. Turkish Statistical Institute provides Nominal GDP in local currency. The Central Bank of the Republic of Turkey average market exchange rate is used for currency conversions.


Related information about Turkey External Debt: Short Term: % of GDP

• In the latest reports of Turkey, Current Account recorded a surplus of 1.9 USD bn in Oct 2024.
• Foreign Direct Investment (FDI) increased by 770.0 USD mn in Oct 2024.
• Turkey Direct Investment Abroad expanded by 974.0 USD mn in Oct 2024.
• Its Foreign Portfolio Investment increased by 9.3 USD bn in Sep 2024.
• Turkey External Debt: Short Term value stood at 177.9 USD bn in Dec 2023.
• The country's Nominal GDP was reported at 245.5 USD bn in Mar 2023.

As of 2023, the net borrowing to GDP ratio of Turkey stood at *** percent. Throughout the observed period, Turkey lent out only once in 2019, which accounted for *** percent of its GDP.