Debt service on external debt, total in Turkey
Turkey: Debt service on external debt, total was 89.57 billion TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
89.57 billion TDS, current US$
Change on year
up 17.2%
World rank
4th
of 122 countries
All-time high
89.57 billion TDS, current US$
in 2024
All-time low
177.21 million TDS, current US$
in 1970
Years of data
55
1970–2024
Debt service on external debt, total in Turkey, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
In 2024, debt service on external debt, total in Turkey stood at 89.57 billion TDS, current US$. That is the highest value across all 55 years on record.
The figure is up 17.2% on the previous year and up 52.6% over ten years.
Over the whole period, debt service on external debt, total in Turkey peaked at 89.57 billion TDS, current US$ in 2024 and was at its lowest, 177.21 million TDS, current US$, in 1970.
That places Turkey 4th out of 122 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, total in Turkey, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 177.21 million TDS, current US$ | — |
| 1971 | 194.24 million TDS, current US$ | +9.6% |
| 1972 | 322.07 million TDS, current US$ | +65.8% |
| 1973 | 224.22 million TDS, current US$ | -30.4% |
| 1974 | 257.58 million TDS, current US$ | +14.9% |
| 1975 | 376.62 million TDS, current US$ | +46.2% |
| 1976 | 590.46 million TDS, current US$ | +56.8% |
| 1977 | 953.72 million TDS, current US$ | +61.5% |
| 1978 | 1.35 billion TDS, current US$ | +41.7% |
| 1979 | 1.34 billion TDS, current US$ | -0.8% |
| 1980 | 1.61 billion TDS, current US$ | +19.9% |
| 1981 | 2.40 billion TDS, current US$ | +49.3% |
| 1982 | 2.97 billion TDS, current US$ | +23.7% |
| 1983 | 3.14 billion TDS, current US$ | +5.7% |
| 1984 | 3.22 billion TDS, current US$ | +2.7% |
| 1985 | 4.60 billion TDS, current US$ | +42.7% |
| 1986 | 4.47 billion TDS, current US$ | -2.8% |
| 1987 | 5.98 billion TDS, current US$ | +33.7% |
| 1988 | 7.53 billion TDS, current US$ | +25.8% |
| 1989 | 7.09 billion TDS, current US$ | -5.8% |
| 1990 | 7.42 billion TDS, current US$ | +4.6% |
| 1991 | 8.29 billion TDS, current US$ | +11.7% |
| 1992 | 9.09 billion TDS, current US$ | +9.6% |
| 1993 | 8.60 billion TDS, current US$ | -5.3% |
| 1994 | 10.26 billion TDS, current US$ | +19.2% |
| 1995 | 11.45 billion TDS, current US$ | +11.6% |
| 1996 | 10.91 billion TDS, current US$ | -4.7% |
| 1997 | 11.91 billion TDS, current US$ | +9.2% |
| 1998 | 14.94 billion TDS, current US$ | +25.4% |
| 1999 | 18.61 billion TDS, current US$ | +24.5% |
| 2000 | 20.69 billion TDS, current US$ | +11.2% |
| 2001 | 22.34 billion TDS, current US$ | +8.0% |
| 2002 | 27.84 billion TDS, current US$ | +24.6% |
| 2003 | 28.30 billion TDS, current US$ | +1.7% |
| 2004 | 32.69 billion TDS, current US$ | +15.5% |
| 2005 | 41.47 billion TDS, current US$ | +26.9% |
| 2006 | 41.31 billion TDS, current US$ | -0.4% |
| 2007 | 49.65 billion TDS, current US$ | +20.2% |
| 2008 | 56.08 billion TDS, current US$ | +13.0% |
| 2009 | 63.12 billion TDS, current US$ | +12.5% |
| 2010 | 59.93 billion TDS, current US$ | -5.0% |
| 2011 | 58.59 billion TDS, current US$ | -2.2% |
| 2012 | 57.67 billion TDS, current US$ | -1.6% |
| 2013 | 64.42 billion TDS, current US$ | +11.7% |
| 2014 | 58.70 billion TDS, current US$ | -8.9% |
| 2015 | 55.81 billion TDS, current US$ | -4.9% |
| 2016 | 75.70 billion TDS, current US$ | +35.6% |
| 2017 | 86.74 billion TDS, current US$ | +14.6% |
| 2018 | 83.44 billion TDS, current US$ | -3.8% |
| 2019 | 85.97 billion TDS, current US$ | +3.0% |
| 2020 | 86.26 billion TDS, current US$ | +0.3% |
| 2021 | 74.00 billion TDS, current US$ | -14.2% |
| 2022 | 69.32 billion TDS, current US$ | -6.3% |
| 2023 | 76.45 billion TDS, current US$ | +10.3% |
| 2024 | 89.57 billion TDS, current US$ | +17.2% |
Turkey compared with similar countries
- Turkey's 89.57 billion TDS, current US$ is above the median for upper middle income countries, which is 2.21 billion TDS, current US$, 40.5× the median. (52 countries reporting)
- Turkey's 89.57 billion TDS, current US$ is above the median for Europe & Central Asia, which is 3.00 billion TDS, current US$, 29.9× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 578.82 million TDS, current US$ | 177.21 million TDS, current US$ | 1.35 billion TDS, current US$ | 10 |
| 1980s | 4.30 billion TDS, current US$ | 1.61 billion TDS, current US$ | 7.53 billion TDS, current US$ | 10 |
| 1990s | 11.15 billion TDS, current US$ | 7.42 billion TDS, current US$ | 18.61 billion TDS, current US$ | 10 |
| 2000s | 38.35 billion TDS, current US$ | 20.69 billion TDS, current US$ | 63.12 billion TDS, current US$ | 10 |
| 2010s | 68.70 billion TDS, current US$ | 55.81 billion TDS, current US$ | 86.74 billion TDS, current US$ | 10 |
| 2020s | 79.12 billion TDS, current US$ | 69.32 billion TDS, current US$ | 89.57 billion TDS, current US$ | 5 |
Countries ranked near Turkey
More external debt data for Turkey
- IFC, private nonguaranteed -70.07 million NFL, US$ (2024)
- 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)
- Public and publicly guaranteed debt service 2.2% (2024)
- Net financial flows, IDA -924,000 NFL, current US$ (2022)
- 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, IBRD 460.57 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.7% (2024)
Frequently asked questions
- What is debt service on external debt, total in Turkey?
- Debt service on external debt, total in Turkey was 89.57 billion TDS, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service on external debt, total recorded in Turkey?
- The highest recorded value was 89.57 billion TDS, current US$ in 2024.
- What is the lowest debt service on external debt, total recorded in Turkey?
- The lowest recorded value was 177.21 million TDS, current US$ in 1970.
- How does Turkey rank for debt service on external debt, total?
- Turkey ranks 4th out of 122 countries with data for 2024.
- Is debt service on external debt, total rising or falling in Turkey?
- Over the last ten years it is up 52.6%. 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, total (TDS, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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. Data are in current U.S. dollars.