Public and publicly guaranteed debt service in Turkey
Turkey: Public and publicly guaranteed debt service was 7.7% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Turkey, 1974–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for public and publicly guaranteed debt service in Turkey is 7.7%, measured in 2024.
The figure is up 15.9% on the previous year and up 61.7% over ten years.
Over the whole period, public and publicly guaranteed debt service in Turkey peaked at 34.3% in 1988 and was at its lowest, 4.1%, in 2013.
Turkey ranks 51st of 120 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.
Public and publicly guaranteed debt service in Turkey, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1974 | 11.5% | — |
| 1975 | 13.0% | +12.6% |
| 1976 | 12.3% | -5.5% |
| 1977 | 15.9% | +29.6% |
| 1978 | 16.6% | +4.4% |
| 1979 | 24.1% | +45.3% |
| 1980 | 28.7% | +18.7% |
| 1981 | 28.7% | +0.2% |
| 1982 | 28.9% | +0.7% |
| 1983 | 29.1% | +0.5% |
| 1984 | 23.2% | -20.2% |
| 1985 | 31.1% | +34.1% |
| 1986 | 31.1% | -0.0% |
| 1987 | 31.9% | +2.6% |
| 1988 | 34.3% | +7.5% |
| 1989 | 32.4% | -5.8% |
| 1990 | 29.6% | -8.4% |
| 1991 | 30.5% | +3.0% |
| 1992 | 29.5% | -3.4% |
| 1993 | 25.2% | -14.5% |
| 1994 | 25.4% | +0.9% |
| 1995 | 23.9% | -5.9% |
| 1996 | 17.9% | -25.1% |
| 1997 | 16.3% | -9.1% |
| 1998 | 18.6% | +14.4% |
| 1999 | 17.8% | -4.5% |
| 2000 | 18.3% | +2.8% |
| 2001 | 21.8% | +19.3% |
| 2002 | 17.6% | -19.4% |
| 2003 | 17.1% | -2.7% |
| 2004 | 12.8% | -25.0% |
| 2005 | 11.4% | -11.2% |
| 2006 | 8.7% | -24.1% |
| 2007 | 7.8% | -9.4% |
| 2008 | 7.1% | -9.5% |
| 2009 | 7.6% | +7.5% |
| 2010 | 6.7% | -12.6% |
| 2011 | 6.0% | -9.2% |
| 2012 | 4.9% | -19.5% |
| 2013 | 4.1% | -16.6% |
| 2014 | 4.8% | +17.7% |
| 2015 | 5.0% | +4.1% |
| 2016 | 6.2% | +25.3% |
| 2017 | 7.2% | +16.2% |
| 2018 | 6.4% | -12.2% |
| 2019 | 7.2% | +13.0% |
| 2020 | 8.7% | +20.5% |
| 2021 | 8.0% | -7.5% |
| 2022 | 6.1% | -24.2% |
| 2023 | 6.7% | +9.7% |
| 2024 | 7.7% | +15.9% |
Turkey compared with similar countries
- Turkey's 7.7% is above the median for upper middle income countries, which is 7.4%, 1.0× the median. (51 countries reporting)
- Turkey's 7.7% is above the median for Europe & Central Asia, which is 5.0%, 1.6× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.6% | 11.5% | 24.1% | 6 |
| 1980s | 29.9% | 23.2% | 34.3% | 10 |
| 1990s | 23.5% | 16.3% | 30.5% | 10 |
| 2000s | 13.0% | 7.1% | 21.8% | 10 |
| 2010s | 5.8% | 4.1% | 7.2% | 10 |
| 2020s | 7.4% | 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre -1.2 NFL, current US$ per square kilometre (2022)
Frequently asked questions
- What is public and publicly guaranteed debt service in Turkey?
- Public and publicly guaranteed debt service in Turkey was 7.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Turkey?
- The highest recorded value was 34.3% in 1988.
- What is the lowest public and publicly guaranteed debt service recorded in Turkey?
- The lowest recorded value was 4.1% in 2013.
- How does Turkey rank for public and publicly guaranteed debt service?
- Turkey ranks 51st out of 120 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Turkey?
- Over the last ten years it is up 61.7%. 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 Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to exports of goods, services, and income. 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. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.