Turkey - Short-term debt (% of total external debt)

Short-term debt (% of total external debt) in Turkey was 25.93 as of 2018. Its highest value over the past 48 years was 53.20 in 1977, while its lowest value was 8.98 in 1982.

Definition: 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.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 28.55
1971 28.58
1972 28.55
1973 28.57
1974 28.56
1975 28.56
1976 28.56
1977 53.20
1978 48.37
1979 22.75
1980 13.08
1981 11.44
1982 8.98
1983 11.25
1984 14.74
1985 18.29
1986 19.28
1987 18.62
1988 15.65
1989 13.82
1990 19.22
1991 17.92
1992 22.39
1993 27.01
1994 17.07
1995 21.28
1996 21.51
1997 21.24
1998 21.88
1999 23.06
2000 24.75
2001 14.47
2002 12.68
2003 15.97
2004 19.33
2005 22.42
2006 20.31
2007 16.59
2008 18.07
2009 17.57
2010 25.67
2011 26.69
2012 29.56
2013 33.38
2014 33.26
2015 26.29
2016 24.73
2017 26.14
2018 25.93

Development Relevance: External debt is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private households. The debt includes money owed to private commercial banks, other governments, or international financial institutions. External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels. Various indicators determine a sustainable level of external debt, including: a) debt to GDP ratio b) foreign debt to exports ratio c) government debt to current fiscal revenue ratio d) share of foreign debt e) short-term debt f) concessional debt in the total debt stock

Statistical Concept and Methodology: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt