Short-term debt (% of total external debt) in Turkey
Turkey: Short-term debt (% of total external debt) was 28.9% in 2025. ▲ Rising
Short-term debt in Turkey, 1970–2025
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Turkey is 28.9%, measured in 2025.
The figure is down 13.8% on the previous year and up 10.8% over ten years.
Over the whole period, short-term debt in Turkey peaked at 53.2% in 1977 and was at its lowest, 9.0%, in 1982.
That places Turkey 16th out of 123 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Short-term debt (% of total external debt) in Turkey, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 28.5% | — |
| 1971 | 28.6% | +0.1% |
| 1972 | 28.6% | -0.1% |
| 1973 | 28.6% | +0.0% |
| 1974 | 28.6% | -0.0% |
| 1975 | 28.6% | +0.0% |
| 1976 | 28.6% | -0.0% |
| 1977 | 53.2% | +86.3% |
| 1978 | 48.4% | -9.1% |
| 1979 | 22.8% | -53.0% |
| 1980 | 13.1% | -42.5% |
| 1981 | 11.4% | -12.5% |
| 1982 | 9.0% | -21.5% |
| 1983 | 11.3% | +25.3% |
| 1984 | 14.7% | +31.0% |
| 1985 | 18.3% | +24.1% |
| 1986 | 19.3% | +5.4% |
| 1987 | 18.6% | -3.4% |
| 1988 | 15.7% | -15.9% |
| 1989 | 13.8% | -11.7% |
| 1990 | 19.2% | +39.1% |
| 1991 | 17.9% | -6.8% |
| 1992 | 22.4% | +24.9% |
| 1993 | 27.0% | +20.7% |
| 1994 | 17.1% | -36.8% |
| 1995 | 21.3% | +24.7% |
| 1996 | 21.5% | +1.1% |
| 1997 | 21.2% | -1.3% |
| 1998 | 21.9% | +3.0% |
| 1999 | 23.1% | +5.4% |
| 2000 | 24.8% | +7.3% |
| 2001 | 14.5% | -41.5% |
| 2002 | 14.2% | -2.0% |
| 2003 | 18.4% | +29.8% |
| 2004 | 22.1% | +20.3% |
| 2005 | 24.4% | +10.2% |
| 2006 | 22.6% | -7.2% |
| 2007 | 19.2% | -15.0% |
| 2008 | 19.1% | -0.7% |
| 2009 | 19.6% | +2.5% |
| 2010 | 29.3% | +49.8% |
| 2011 | 30.2% | +2.8% |
| 2012 | 32.4% | +7.4% |
| 2013 | 35.3% | +8.8% |
| 2014 | 34.4% | -2.3% |
| 2015 | 26.1% | -24.2% |
| 2016 | 22.5% | -13.7% |
| 2017 | 24.4% | +8.4% |
| 2018 | 21.6% | -11.7% |
| 2019 | 23.0% | +6.5% |
| 2020 | 25.9% | +12.7% |
| 2021 | 27.1% | +4.7% |
| 2022 | 32.4% | +19.4% |
| 2023 | 34.8% | +7.6% |
| 2024 | 33.6% | -3.6% |
| 2025 | 28.9% | -13.8% |
Turkey compared with similar countries
- Turkey's 28.9% is above the median for upper middle income countries, which is 11.8%, 2.5× the median. (52 countries reporting)
- Turkey's 28.9% is above the median for Europe & Central Asia, which is 15.5%, 1.9× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +86.3% | 28.6% | 53.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.4% | 22.8% | 53.2% | 10 |
| 1980s | 14.5% | 9.0% | 19.3% | 10 |
| 1990s | 21.3% | 17.1% | 27.0% | 10 |
| 2000s | 19.9% | 14.2% | 24.8% | 10 |
| 2010s | 27.9% | 21.6% | 35.3% | 10 |
| 2020s | 30.5% | 25.9% | 34.8% | 6 |
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 short-term debt in Turkey?
- Short-term debt in Turkey was 28.9% in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Turkey?
- The highest recorded value was 53.2% in 1977.
- What is the lowest short-term debt recorded in Turkey?
- The lowest recorded value was 9.0% in 1982.
- How does Turkey rank for short-term debt?
- Turkey ranks 16th out of 123 countries with data for 2025.
- Is short-term debt rising or falling in Turkey?
- Over the last ten years it is up 10.8%. The long-run trend across the full record is rising.
- Where does this Turkey data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.