Multilateral debt service (% of public and publicly guaranteed debt) in Turkey
Turkey: Multilateral debt service (% of public and publicly guaranteed debt) was 13.4% in 2024. ▼ Falling
Multilateral debt service in Turkey, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of public and publicly guaranteed debt service.
Analysis
Turkey recorded 13.4% for multilateral debt service in 2024.
Compared with earlier readings it is up 0.4% on the previous year and down 24.9% over ten years.
Over the whole period, multilateral debt service in Turkey peaked at 38.5% in 1970 and was at its lowest, 8.0%, in 2003.
That places Turkey 112th out of 123 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Multilateral debt service (% of public and publicly guaranteed debt) in Turkey, year by year
| Year | % of public and publicly guaranteed debt service | Change |
|---|---|---|
| 1970 | 38.5% | — |
| 1971 | 38.0% | -1.2% |
| 1972 | 33.3% | -12.4% |
| 1973 | 14.1% | -57.7% |
| 1974 | 15.0% | +6.5% |
| 1975 | 19.6% | +30.6% |
| 1976 | 21.0% | +7.2% |
| 1977 | 24.8% | +18.3% |
| 1978 | 25.7% | +3.3% |
| 1979 | 21.8% | -15.2% |
| 1980 | 18.3% | -15.7% |
| 1981 | 13.0% | -28.9% |
| 1982 | 12.6% | -3.0% |
| 1983 | 16.4% | +29.8% |
| 1984 | 18.4% | +11.9% |
| 1985 | 14.5% | -20.8% |
| 1986 | 22.1% | +51.7% |
| 1987 | 21.2% | -3.8% |
| 1988 | 20.4% | -3.8% |
| 1989 | 21.3% | +4.4% |
| 1990 | 23.3% | +9.1% |
| 1991 | 21.9% | -5.7% |
| 1992 | 23.6% | +7.5% |
| 1993 | 26.5% | +12.3% |
| 1994 | 24.1% | -8.8% |
| 1995 | 20.7% | -14.3% |
| 1996 | 21.7% | +5.1% |
| 1997 | 18.3% | -15.9% |
| 1998 | 14.2% | -22.3% |
| 1999 | 15.9% | +12.2% |
| 2000 | 14.6% | -8.6% |
| 2001 | 14.9% | +2.2% |
| 2002 | 10.0% | -32.6% |
| 2003 | 8.0% | -20.0% |
| 2004 | 8.2% | +1.7% |
| 2005 | 10.4% | +27.7% |
| 2006 | 13.1% | +26.1% |
| 2007 | 11.9% | -9.2% |
| 2008 | 11.5% | -3.3% |
| 2009 | 13.4% | +15.9% |
| 2010 | 14.0% | +5.0% |
| 2011 | 14.6% | +4.4% |
| 2012 | 16.7% | +14.2% |
| 2013 | 18.6% | +11.0% |
| 2014 | 17.8% | -4.2% |
| 2015 | 16.7% | -6.2% |
| 2016 | 18.2% | +9.3% |
| 2017 | 18.8% | +3.2% |
| 2018 | 15.3% | -18.6% |
| 2019 | 15.6% | +1.7% |
| 2020 | 15.9% | +1.9% |
| 2021 | 13.3% | -16.4% |
| 2022 | 13.7% | +3.3% |
| 2023 | 13.3% | -2.9% |
| 2024 | 13.4% | +0.4% |
Turkey compared with similar countries
- Turkey's 13.4% is below the median for upper middle income countries, which is 34.4%, 39% of the median. (52 countries reporting)
- Turkey's 13.4% is below the median for Europe & Central Asia, which is 40.0%, 33% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.2% | 14.1% | 38.5% | 10 |
| 1980s | 17.8% | 12.6% | 22.1% | 10 |
| 1990s | 21.0% | 14.2% | 26.5% | 10 |
| 2000s | 11.6% | 8.0% | 14.9% | 10 |
| 2010s | 16.6% | 14.0% | 18.8% | 10 |
| 2020s | 13.9% | 13.3% | 15.9% | 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 multilateral debt service in Turkey?
- Multilateral debt service in Turkey was 13.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest multilateral debt service recorded in Turkey?
- The highest recorded value was 38.5% in 1970.
- What is the lowest multilateral debt service recorded in Turkey?
- The lowest recorded value was 8.0% in 2003.
- How does Turkey rank for multilateral debt service?
- Turkey ranks 112th out of 123 countries with data for 2024.
- Is multilateral debt service rising or falling in Turkey?
- Over the last ten years it is down 24.9%. 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 Multilateral debt service (% of public and publicly guaranteed debt service). Statizoid updates them automatically from the source API.
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About this data
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. 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.