Public and publicly guaranteed debt service in Türkiye
Türkiye: Public and publicly guaranteed debt service was 2.2% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Türkiye, 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 Türkiye 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 Türkiye peaked at 7.0% in 1988 and was at its lowest, 0.6%, in 1975.
Türkiye 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 in Türkiye, 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% |
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 Türkiye
- 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 Türkiye
- 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)
- 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)
- 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 Türkiye?
- Public and publicly guaranteed debt service in Türkiye 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 Türkiye?
- The highest recorded value was 7.0% in 1988.
- What is the lowest public and publicly guaranteed debt service recorded in Türkiye?
- The lowest recorded value was 0.6% in 1975.
- How does Türkiye rank for public and publicly guaranteed debt service?
- Türkiye ranks 59th out of 123 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Türkiye?
- Over the last ten years it is up 75.9%. The long-run trend across the full record is volatile.
- Where does this Türkiye 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.