Turkey's Net External Debt Stock Exceeded $295 Billion

Türkiye's External Debt Situation

According to the latest data from the Ministry of Treasury and Finance, Türkiye's gross external debt stock was recorded as 547.7 billion dollars in the 2nd quarter of 2023. This figure stands out as a significant factor directly affecting the country's position in global financial markets and its external dependency.

Gross External Debt and Gross Domestic Product Ratio

The gross external debt stock's ratio to gross domestic product (GDP) rose to 37.2 percent in this quarter. In the previous quarter, this ratio was determined as 37.1 percent. This small increase reveals Türkiye's economic structure.

Net External Debt Stock and National Income Ratio

As of the same period, Türkiye's net external debt stock realized as 295 billion dollars. This figure, in terms of its ratio to national income, reached the level of 20.0 percent, showing the country's imbalance.