Short-term debt in Turkey
Turkey: Short-term debt was 46.4% in 2024. ◆ Volatile
Short-term debt in Turkey, 1974–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for short-term debt in Turkey is 46.4%, measured in 2024.
That represents a change of down 3.3% on the previous year and down 19.9% over ten years.
Over the whole period, short-term debt in Turkey peaked at 265.7% in 1977 and was at its lowest, 22.3%, in 1982.
That places Turkey 10th out of 119 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Turkey, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1974 | 63.5% | — |
| 1975 | 71.6% | +12.7% |
| 1976 | 67.5% | -5.8% |
| 1977 | 265.7% | +293.9% |
| 1978 | 254.7% | -4.1% |
| 1979 | 122.1% | -52.1% |
| 1980 | 68.1% | -44.2% |
| 1981 | 36.6% | -46.3% |
| 1982 | 22.3% | -38.9% |
| 1983 | 28.8% | +28.9% |
| 1984 | 32.6% | +13.4% |
| 1985 | 41.7% | +27.7% |
| 1986 | 58.1% | +39.5% |
| 1987 | 52.5% | -9.7% |
| 1988 | 35.7% | -31.9% |
| 1989 | 30.4% | -14.8% |
| 1990 | 43.3% | +42.2% |
| 1991 | 39.7% | -8.3% |
| 1992 | 50.0% | +26.0% |
| 1993 | 67.6% | +35.2% |
| 1994 | 37.6% | -44.4% |
| 1995 | 41.2% | +9.7% |
| 1996 | 37.1% | -10.0% |
| 1997 | 33.7% | -9.3% |
| 1998 | 37.5% | +11.3% |
| 1999 | 49.1% | +30.9% |
| 2000 | 54.4% | +10.8% |
| 2001 | 31.0% | -43.0% |
| 2002 | 32.6% | +5.3% |
| 2003 | 37.5% | +14.9% |
| 2004 | 38.8% | +3.5% |
| 2005 | 39.4% | +1.6% |
| 2006 | 39.8% | +0.8% |
| 2007 | 34.2% | -14.0% |
| 2008 | 30.6% | -10.6% |
| 2009 | 37.4% | +22.5% |
| 2010 | 57.8% | +54.3% |
| 2011 | 51.9% | -10.1% |
| 2012 | 53.2% | +2.5% |
| 2013 | 59.8% | +12.4% |
| 2014 | 57.9% | -3.2% |
| 2015 | 47.4% | -18.1% |
| 2016 | 43.3% | -8.8% |
| 2017 | 47.0% | +8.7% |
| 2018 | 36.9% | -21.5% |
| 2019 | 36.9% | -0.1% |
| 2020 | 52.5% | +42.3% |
| 2021 | 40.4% | -23.1% |
| 2022 | 42.0% | +3.8% |
| 2023 | 48.0% | +14.3% |
| 2024 | 46.4% | -3.3% |
Turkey compared with similar countries
- Turkey's 46.4% is above the median for upper middle income countries, which is 17.7%, 2.6× the median. (51 countries reporting)
- Turkey's 46.4% is above the median for Europe & Central Asia, which is 18.6%, 2.5× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Short-term debt in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +293.9% | 67.5% | 265.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 140.9% | 63.5% | 265.7% | 6 |
| 1980s | 40.7% | 22.3% | 68.1% | 10 |
| 1990s | 43.7% | 33.7% | 67.6% | 10 |
| 2000s | 37.6% | 30.6% | 54.4% | 10 |
| 2010s | 49.2% | 36.9% | 59.8% | 10 |
| 2020s | 45.8% | 40.4% | 52.5% | 5 |
Countries ranked near Turkey
More economy & growth data for Turkey
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.61 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0049 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 77.33 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.70 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.77 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 136.79 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 19.3 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1162 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,161 includes gold, current US$ per person (2025)
Frequently asked questions
- What is short-term debt in Turkey?
- Short-term debt in Turkey was 46.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Turkey?
- The highest recorded value was 265.7% in 1977.
- What is the lowest short-term debt recorded in Turkey?
- The lowest recorded value was 22.3% in 1982.
- How does Turkey rank for short-term debt?
- Turkey ranks 10th out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Turkey?
- Over the last ten years it is down 19.9%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.