NEWS Finance        30/09/2020

Turkey’s gross external debt stock is USD 421.8 billion as of end of second quarter of 2020

According to figures prepared by the Ministry of Treasury and Finance, Turkey’s gross external debt stock stood at USD 421.8 billion as of June 30th, 2020, 56.8% of Turkey’s GDP, and the net external debt stock stood at USD 244.3 billion, 32.9% of GDP. The private sector’s share in the country’s gross external debt stock was 56.6% at USD 238.9 billion, and 29.3% of the total gross external debt of the country consisted of short-term debts (with a maturity of less than one year).


State net debt stock was given as TL 924.3 billion (USD 134.9 billion), 20.6% of GDP, and EU-defined general government debt stock was TL 1,767.6 billion (USD 258 billion), 39.4% of GDP, as of June 30th, 2020.


Treasury guaranteed external debt stock was USD 14 billion as of the end of June 30th, 2020.


Turkey’s net minimum wage has been raised 50.52% to TL 4,253.40 (USD 319) as of 01.01.2022       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate rises further to 69.97% in April 2022       Turkey’s official unemployment rate jumps to 11.5% in March 2022       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 84,680,273 as of 2021 yearend       Foreigners visiting Turkey in 2021 increase by 94.1% to 24.7 million       Turkey’s private sector foreign debt is USD 169.4 billion as of 2021 yearend       Turkey’s economy grew 11% in 2021       Foreign Direct Investment to Turkey in 2021 was USD 14 billion       Turkey’s current account records a deficit of USD 14 billion in 2021