Total debt service in Turkey
Turkey: Total debt service was 23.4% in 2024. ▼ Falling
Total debt service in Turkey, 1974–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Turkey recorded 23.4% for total debt service in 2024.
The figure is up 12.1% on the previous year and down 1.8% over ten years.
Over the whole period, total debt service in Turkey peaked at 48.6% in 2002 and was at its lowest, 12.4%, in 1974.
Turkey ranks 27th of 120 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Total debt service in Turkey, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1974 | 12.4% | — |
| 1975 | 18.7% | +50.9% |
| 1976 | 23.2% | +24.5% |
| 1977 | 41.6% | +79.0% |
| 1978 | 47.9% | +15.2% |
| 1979 | 45.2% | -5.8% |
| 1980 | 43.8% | -3.1% |
| 1981 | 39.9% | -8.9% |
| 1982 | 37.4% | -6.1% |
| 1983 | 39.5% | +5.5% |
| 1984 | 33.0% | -16.3% |
| 1985 | 40.3% | +22.0% |
| 1986 | 41.0% | +1.6% |
| 1987 | 41.2% | +0.6% |
| 1988 | 41.9% | +1.7% |
| 1989 | 37.6% | -10.4% |
| 1990 | 33.8% | -10.0% |
| 1991 | 36.1% | +6.7% |
| 1992 | 35.9% | -0.5% |
| 1993 | 31.4% | -12.5% |
| 1994 | 34.1% | +8.6% |
| 1995 | 30.1% | -11.8% |
| 1996 | 23.4% | -22.4% |
| 1997 | 22.3% | -4.5% |
| 1998 | 26.4% | +18.4% |
| 1999 | 38.9% | +47.3% |
| 2000 | 38.9% | -0.0% |
| 2001 | 42.4% | +8.9% |
| 2002 | 48.6% | +14.8% |
| 2003 | 38.9% | -20.0% |
| 2004 | 34.6% | -11.1% |
| 2005 | 37.5% | +8.6% |
| 2006 | 33.3% | -11.4% |
| 2007 | 32.8% | -1.5% |
| 2008 | 30.4% | -7.2% |
| 2009 | 42.1% | +38.5% |
| 2010 | 37.2% | -11.6% |
| 2011 | 31.4% | -15.7% |
| 2012 | 26.8% | -14.7% |
| 2013 | 27.2% | +1.5% |
| 2014 | 23.9% | -12.2% |
| 2015 | 25.4% | +6.4% |
| 2016 | 36.4% | +43.5% |
| 2017 | 37.4% | +2.6% |
| 2018 | 33.5% | -10.4% |
| 2019 | 33.2% | -0.7% |
| 2020 | 40.7% | +22.5% |
| 2021 | 25.3% | -37.8% |
| 2022 | 19.7% | -22.3% |
| 2023 | 20.9% | +6.2% |
| 2024 | 23.4% | +12.1% |
Turkey compared with similar countries
- Turkey's 23.4% is above the median for upper middle income countries, which is 14.4%, 1.6× the median. (51 countries reporting)
- Turkey's 23.4% is above the median for Europe & Central Asia, which is 14.0%, 1.7× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 31.5% | 12.4% | 47.9% | 6 |
| 1980s | 39.6% | 33.0% | 43.8% | 10 |
| 1990s | 31.2% | 22.3% | 38.9% | 10 |
| 2000s | 37.9% | 30.4% | 48.6% | 10 |
| 2010s | 31.2% | 23.9% | 37.4% | 10 |
| 2020s | 26.0% | 19.7% | 40.7% | 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 total debt service in Turkey?
- Total debt service in Turkey was 23.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Turkey?
- The highest recorded value was 48.6% in 2002.
- What is the lowest total debt service recorded in Turkey?
- The lowest recorded value was 12.4% in 1974.
- How does Turkey rank for total debt service?
- Turkey ranks 27th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Turkey?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is falling.
- Where does this Turkey data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.