Foreign Debt (USD) rose 11.2% to USD 454,725 bil in Turkey in 2017

Foreign Debt (USD) (USD bil)
Economy | Turkey | May 17, 2019
$2.99
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Foreign debt reached 409,016 USD bil in 2016 in Turkey, according to the National Statistical Office. This is 10.1 % less than in the previous year.

Historically, foreign debt in Turkey reached an all time high of 454,725 USD bil in 2017 and an all time low of 2,746 USD bil in 1970. When compared to Turkey's main peers, foreign debt in Bulgaria amounted to 39,657 USD bil and 5,448 USD bil in Iran in 2016.

Turkey has been ranked 6th within the group of 111 countries we follow in terms of foreign debt, 3 places behind the position seen 10 years ago.

Foreign (or external) debt is that part of the total debt in a country that is owed to creditors outside the country.

Foreign Debt (USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Albania USD bil 6,330 7,176 8,822 8,400 8,208
Bulgaria USD bil 47,642 51,299 51,473 46,889 40,115
Greece USD bil ... ... ... ... ... ... ... ... ...
Iran USD bil 17,260 7,472 6,994 5,797 6,373
Iraq USD bil ... ... ... ... ... ... ... ... ...
Kuwait USD bil ... ... ... ... ... ... ... ... ...
Macedonia USD bil 6,131 6,469 6,737 7,233 6,767
Pakistan USD bil 64,469 62,066 58,012 61,549 65,818
Romania USD bil 119,601 120,826 123,954 111,824 96,448
Saudi Arabia USD bil ... ... ... ... ... ... ... ... ...
Serbia USD bil 31,657 34,361 36,278 32,987 31,291
Syria USD bil 4,981 4,749 4,766 4,609 4,425
Turkey USD bil 305,570 338,827 390,350 406,081 399,966
Turkmenistan USD bil 454 504 507 411 403