Macro Indicators

4/17/2018

Short-Term External Debt Stock as of the End of February Reached $123 Billion

The short-term external debt stock increased by 5% in 2 months compared to the year-end 2017. The majority of public short-term debt is made up of public banks, and reached $24.5 billion with a 11.5% increase compared to the year-end 2017, while the short-term external debt of the private sector reached $98.2 billion with a 3.5% increase

Turkish Central Bank has disclosed the short-term external debt statistics as of the end of February 2018. According to this, the short-term external debt stock reached $122.9 billion in two months with a 5% increase compared to the year-end 2017.

While the share of public banks in the short-term external debt stock was 18.2 percent, the share of Central Bank was 0.4 percent, and the share of the private sector was 81.4 percent. The majority of public short-term debt is made up of public banks, and reached $24.5 billion with a 11.5% increase compared to the year-end 2017, while the short-term external debt of the private sector reached $98.2 billion with a 3.5% increase.

While the short-term external debt stock of banks reached $69.5 billion with a 5.3 percent increase, short-term external debts of other industries reached $53.2 billion with a 4.6-percent increase. Short-term external loans used by banks reached $16.8 billion with a 1.8 percent increase compared to the year-end 2017. Import debts of other industries reached $41.8 billion with a 2.8 percent increase compared to the year-end 2017. 

The foreign exchange composition of short-term debt stock was as follows; 50.8 percent in USD, 30.8 percent in EUR, 15.6 percent in TL, and 2.8 percent in other currencies.