Debt service (PPG and IMF only, % of exports of goods, services and) in Turkey
Turkey: Debt service (PPG and IMF only, % of exports of goods, services and) was 7.8% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Turkey, 1975–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
Turkey recorded 7.8% for debt service (ppg and imf only, % of exports of goods, services and) in 2024.
Compared with earlier readings it is up 15.7% on the previous year and up 63.2% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Turkey peaked at 37.0% in 1988 and was at its lowest, 4.4%, in 2013.
Turkey ranks 59th of 118 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Turkey, year by year
| Year | Value | Change |
|---|---|---|
| 1975 | 13.3% | — |
| 1976 | 13.1% | -1.9% |
| 1977 | 17.1% | +30.3% |
| 1978 | 20.5% | +20.4% |
| 1979 | 28.4% | +38.2% |
| 1980 | 34.3% | +20.9% |
| 1981 | 32.1% | -6.4% |
| 1982 | 32.4% | +1.0% |
| 1983 | 33.3% | +2.6% |
| 1984 | 27.3% | -18.1% |
| 1985 | 34.7% | +27.4% |
| 1986 | 35.7% | +2.8% |
| 1987 | 35.6% | -0.2% |
| 1988 | 37.0% | +4.0% |
| 1989 | 33.7% | -9.1% |
| 1990 | 29.9% | -11.3% |
| 1994 | 25.5% | -14.8% |
| 1995 | 24.0% | -5.7% |
| 1996 | 18.0% | -25.1% |
| 1997 | 16.4% | -8.9% |
| 1998 | 19.1% | +16.3% |
| 1999 | 18.4% | -3.3% |
| 2000 | 18.6% | +0.8% |
| 2001 | 24.8% | +33.3% |
| 2002 | 30.1% | +21.7% |
| 2003 | 20.3% | -32.6% |
| 2004 | 18.8% | -7.3% |
| 2005 | 19.3% | +2.6% |
| 2006 | 15.3% | -20.6% |
| 2007 | 11.6% | -24.2% |
| 2008 | 8.4% | -27.9% |
| 2009 | 8.2% | -1.8% |
| 2010 | 8.1% | -1.6% |
| 2011 | 7.6% | -6.2% |
| 2012 | 5.8% | -23.5% |
| 2013 | 4.4% | -23.9% |
| 2014 | 4.8% | +8.0% |
| 2015 | 5.0% | +4.1% |
| 2016 | 6.2% | +25.3% |
| 2017 | 7.2% | +16.2% |
| 2018 | 6.4% | -12.2% |
| 2019 | 7.2% | +13.1% |
| 2020 | 8.7% | +20.5% |
| 2021 | 8.0% | -7.5% |
| 2022 | 6.1% | -23.8% |
| 2023 | 6.7% | +10.4% |
| 2024 | 7.8% | +15.7% |
Turkey compared with similar countries
- Turkey's 7.8% is below the median for upper middle income countries, which is 7.8%, 100% of the median. (50 countries reporting)
- Turkey's 7.8% is above the median for Europe & Central Asia, which is 6.2%, 1.3× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.5% | 13.1% | 28.4% | 5 |
| 1980s | 33.6% | 27.3% | 37.0% | 10 |
| 1990s | 21.6% | 16.4% | 29.9% | 7 |
| 2000s | 17.5% | 8.2% | 30.1% | 10 |
| 2010s | 6.3% | 4.4% | 8.1% | 10 |
| 2020s | 7.5% | 6.1% | 8.7% | 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 (ppg and imf only, % of exports of goods, services and) in Turkey?
- Debt service (ppg and imf only, % of exports of goods, services and) in Turkey was 7.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Turkey?
- The highest recorded value was 37.0% in 1988.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Turkey?
- The lowest recorded value was 4.4% in 2013.
- How does Turkey rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Turkey ranks 59th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Turkey?
- Over the last ten years it is up 63.2%. 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 (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.