Debt service on external debt, public and publicly guaranteed … PPG in Turkey
Turkey: Debt service on external debt, public and publicly guaranteed … PPG was 29.66 billion TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
29.66 billion TDS, current US$
Change on year
up 22.2%
World rank
5th
of 123 countries
All-time high
29.66 billion TDS, current US$
in 2024
All-time low
144.71 million TDS, current US$
in 1970
Years of data
55
1970–2024
Debt service on external debt, public and publicly guaranteed (PPG) in Turkey, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
The most recent figure for debt service on external debt, public and publicly guaranteed (ppg) in Turkey is 29.66 billion TDS, current US$, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 22.2% on the previous year and up 152.4% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in Turkey peaked at 29.66 billion TDS, current US$ in 2024 and was at its lowest, 144.71 million TDS, current US$, in 1970.
That places Turkey 5th out of 123 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, public and publicly guaranteed … PPG in Turkey, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 144.71 million TDS, current US$ | — |
| 1971 | 161.56 million TDS, current US$ | +11.6% |
| 1972 | 219.98 million TDS, current US$ | +36.2% |
| 1973 | 206.35 million TDS, current US$ | -6.2% |
| 1974 | 240.38 million TDS, current US$ | +16.5% |
| 1975 | 262.29 million TDS, current US$ | +9.1% |
| 1976 | 312.16 million TDS, current US$ | +19.0% |
| 1977 | 364.94 million TDS, current US$ | +16.9% |
| 1978 | 468.65 million TDS, current US$ | +28.4% |
| 1979 | 716.91 million TDS, current US$ | +53.0% |
| 1980 | 1.05 billion TDS, current US$ | +46.9% |
| 1981 | 1.73 billion TDS, current US$ | +64.3% |
| 1982 | 2.29 billion TDS, current US$ | +32.6% |
| 1983 | 2.31 billion TDS, current US$ | +0.7% |
| 1984 | 2.26 billion TDS, current US$ | -2.0% |
| 1985 | 3.55 billion TDS, current US$ | +56.9% |
| 1986 | 3.40 billion TDS, current US$ | -4.3% |
| 1987 | 4.64 billion TDS, current US$ | +36.4% |
| 1988 | 6.16 billion TDS, current US$ | +33.0% |
| 1989 | 6.11 billion TDS, current US$ | -0.9% |
| 1990 | 6.51 billion TDS, current US$ | +6.6% |
| 1991 | 7.01 billion TDS, current US$ | +7.7% |
| 1992 | 7.46 billion TDS, current US$ | +6.5% |
| 1993 | 6.91 billion TDS, current US$ | -7.4% |
| 1994 | 7.65 billion TDS, current US$ | +10.7% |
| 1995 | 9.11 billion TDS, current US$ | +19.1% |
| 1996 | 8.38 billion TDS, current US$ | -8.1% |
| 1997 | 8.70 billion TDS, current US$ | +3.9% |
| 1998 | 10.54 billion TDS, current US$ | +21.2% |
| 1999 | 8.51 billion TDS, current US$ | -19.3% |
| 2000 | 9.74 billion TDS, current US$ | +14.4% |
| 2001 | 11.51 billion TDS, current US$ | +18.3% |
| 2002 | 10.07 billion TDS, current US$ | -12.5% |
| 2003 | 12.46 billion TDS, current US$ | +23.7% |
| 2004 | 12.15 billion TDS, current US$ | -2.5% |
| 2005 | 12.59 billion TDS, current US$ | +3.7% |
| 2006 | 10.74 billion TDS, current US$ | -14.7% |
| 2007 | 11.87 billion TDS, current US$ | +10.5% |
| 2008 | 13.07 billion TDS, current US$ | +10.2% |
| 2009 | 11.43 billion TDS, current US$ | -12.6% |
| 2010 | 10.72 billion TDS, current US$ | -6.2% |
| 2011 | 11.29 billion TDS, current US$ | +5.3% |
| 2012 | 10.48 billion TDS, current US$ | -7.1% |
| 2013 | 9.62 billion TDS, current US$ | -8.2% |
| 2014 | 11.75 billion TDS, current US$ | +22.1% |
| 2015 | 10.93 billion TDS, current US$ | -7.0% |
| 2016 | 12.94 billion TDS, current US$ | +18.4% |
| 2017 | 16.80 billion TDS, current US$ | +29.8% |
| 2018 | 15.83 billion TDS, current US$ | -5.8% |
| 2019 | 18.57 billion TDS, current US$ | +17.3% |
| 2020 | 18.32 billion TDS, current US$ | -1.3% |
| 2021 | 23.38 billion TDS, current US$ | +27.6% |
| 2022 | 21.38 billion TDS, current US$ | -8.5% |
| 2023 | 24.27 billion TDS, current US$ | +13.5% |
| 2024 | 29.66 billion TDS, current US$ | +22.2% |
Turkey compared with similar countries
- Turkey's 29.66 billion TDS, current US$ is above the median for upper middle income countries, which is 1.13 billion TDS, current US$, 26.3× the median. (52 countries reporting)
- Turkey's 29.66 billion TDS, current US$ is above the median for Europe & Central Asia, which is 879.45 million TDS, current US$, 33.7× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 309.79 million TDS, current US$ | 144.71 million TDS, current US$ | 716.91 million TDS, current US$ | 10 |
| 1980s | 3.35 billion TDS, current US$ | 1.05 billion TDS, current US$ | 6.16 billion TDS, current US$ | 10 |
| 1990s | 8.08 billion TDS, current US$ | 6.51 billion TDS, current US$ | 10.54 billion TDS, current US$ | 10 |
| 2000s | 11.56 billion TDS, current US$ | 9.74 billion TDS, current US$ | 13.07 billion TDS, current US$ | 10 |
| 2010s | 12.89 billion TDS, current US$ | 9.62 billion TDS, current US$ | 18.57 billion TDS, current US$ | 10 |
| 2020s | 23.40 billion TDS, current US$ | 18.32 billion TDS, current US$ | 29.66 billion TDS, current US$ | 5 |
Countries ranked near Turkey
More external debt data for Turkey
- Net financial flows, IBRD 854.28 million NFL, current US$ (2025)
- IFC, private nonguaranteed (NFL, US$), per capita -0.8193 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0.0001 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 1,027 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), per capita -0.0109 NFL, current US$ per person (2022)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0 NFL, current US$ per US$ of GDP (2022)
- Net financial flows, IDA (NFL, current US$), per square kilometre -1.2 NFL, current US$ per square kilometre (2022)
- Use of IMF credit 7.58 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 188.58 billion DOD, current US$ (2025)
- External debt stocks, long-term 399.46 billion DOD, current US$ (2025)
Frequently asked questions
- What is debt service on external debt, public and publicly guaranteed (ppg) in Turkey?
- Debt service on external debt, public and publicly guaranteed (ppg) in Turkey was 29.66 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, public and publicly guaranteed (ppg) recorded in Turkey?
- The highest recorded value was 29.66 billion TDS, current US$ in 2024.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in Turkey?
- The lowest recorded value was 144.71 million TDS, current US$ in 1970.
- How does Turkey rank for debt service on external debt, public and publicly guaranteed (ppg)?
- Turkey ranks 5th out of 123 countries with data for 2024.
- Is debt service on external debt, public and publicly guaranteed (ppg) rising or falling in Turkey?
- Over the last ten years it is up 152.4%. 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 Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.