NEWS Finance        30/06/2020

Turkey’s gross external debt stock is USD 431 billion as of end of first quarter of 2020

According to figures prepared by the Ministry of Treasury and Finance, Turkey’s gross external debt stock stood at USD 431 billion as of March 31st, 2020, 56.9% of Turkey’s GDP, and the net external debt stock stood at USD 256.5 billion, 33.8% of GDP. The private sector’s share in the country’s gross external debt stock was 58.8% at USD 253.5 billion, and 27.5% 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 782.2 billion (USD 119.1 billion), 17.7% of GDP, and EU-defined general government debt stock was TL 1,554.5 billion (USD 236.6 billion), 35.1% of GDP, as of March 31st, 2020.


Treasury guaranteed external debt stock was USD 14.2 billion as of the end of March 31st, 2020.


Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       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 increases to 19.25% in August 2021       Turkey’s official unemployment rate shoots back up to 12% in July 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020