Public and publicly guaranteed debt service (% of GNI) in Turkey
Turkey: Public and publicly guaranteed debt service (% of GNI) was 2.2% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Turkey, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for public and publicly guaranteed debt service in Turkey is 2.2%, measured in 2024.
Compared with earlier readings it is up 2.9% on the previous year and up 75.9% over ten years.
Over the whole period, public and publicly guaranteed debt service in Turkey peaked at 7.0% in 1988 and was at its lowest, 0.6%, in 1975.
Turkey ranks 59th of 123 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 (% of GNI) in Turkey, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 0.8% | — |
| 1971 | 1.0% | +23.5% |
| 1972 | 1.1% | +6.7% |
| 1973 | 0.8% | -25.5% |
| 1974 | 0.7% | -14.5% |
| 1975 | 0.6% | -16.2% |
| 1976 | 0.6% | +6.7% |
| 1977 | 0.6% | +2.5% |
| 1978 | 0.7% | +14.4% |
| 1979 | 0.8% | +13.0% |
| 1980 | 1.6% | +92.3% |
| 1981 | 2.5% | +59.4% |
| 1982 | 3.6% | +47.1% |
| 1983 | 3.8% | +5.0% |
| 1984 | 3.9% | +1.2% |
| 1985 | 5.4% | +39.6% |
| 1986 | 4.6% | -14.9% |
| 1987 | 5.4% | +18.3% |
| 1988 | 7.0% | +28.1% |
| 1989 | 5.8% | -16.5% |
| 1990 | 4.4% | -24.6% |
| 1991 | 4.7% | +7.6% |
| 1992 | 4.8% | +1.0% |
| 1993 | 3.9% | -18.5% |
| 1994 | 6.0% | +54.5% |
| 1995 | 3.9% | -34.5% |
| 1996 | 3.4% | -14.0% |
| 1997 | 3.3% | -1.4% |
| 1998 | 3.9% | +15.7% |
| 1999 | 3.4% | -12.9% |
| 2000 | 3.6% | +6.9% |
| 2001 | 5.8% | +62.4% |
| 2002 | 4.3% | -27.0% |
| 2003 | 4.0% | -5.7% |
| 2004 | 3.0% | -25.3% |
| 2005 | 2.5% | -16.6% |
| 2006 | 1.9% | -22.6% |
| 2007 | 1.7% | -9.9% |
| 2008 | 1.7% | -2.6% |
| 2009 | 1.8% | +3.9% |
| 2010 | 1.4% | -21.9% |
| 2011 | 1.3% | -2.3% |
| 2012 | 1.2% | -11.6% |
| 2013 | 1.0% | -15.4% |
| 2014 | 1.3% | +24.6% |
| 2015 | 1.3% | +1.5% |
| 2016 | 1.5% | +17.6% |
| 2017 | 2.0% | +31.1% |
| 2018 | 2.0% | +3.4% |
| 2019 | 2.4% | +19.4% |
| 2020 | 2.5% | +4.0% |
| 2021 | 2.8% | +11.7% |
| 2022 | 2.3% | -17.4% |
| 2023 | 2.1% | -7.8% |
| 2024 | 2.2% | +2.9% |
Turkey compared with similar countries
- Turkey's 2.2% is below the median for upper middle income countries, which is 2.9%, 77% of the median. (52 countries reporting)
- Turkey's 2.2% is above the median for Europe & Central Asia, which is 2.1%, 1.0× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8% | 0.6% | 1.1% | 10 |
| 1980s | 4.4% | 1.6% | 7.0% | 10 |
| 1990s | 4.2% | 3.3% | 6.0% | 10 |
| 2000s | 3.0% | 1.7% | 5.8% | 10 |
| 2010s | 1.5% | 1.0% | 2.4% | 10 |
| 2020s | 2.4% | 2.1% | 2.8% | 5 |
Countries ranked near Turkey
- 56 Armenia 2.3% compare
- 57 South Africa 2.3% compare
- 58 Eswatini 2.2% compare
- 60 Mexico 2.2% compare
- 61 Turkmenistan 2.2% compare
- 62 Papua New Guinea 2.2% compare
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 public and publicly guaranteed debt service in Turkey?
- Public and publicly guaranteed debt service in Turkey was 2.2% 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 7.0% in 1988.
- What is the lowest public and publicly guaranteed debt service recorded in Turkey?
- The lowest recorded value was 0.6% in 1975.
- How does Turkey rank for public and publicly guaranteed debt service?
- Turkey ranks 59th out of 123 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 75.9%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national 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. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.