Turkey recorded a Government Debt to GDP of 39.50 percent of the country's Gross Domestic Product in 2020. source: Undersecretariat of Treasury, Turkey

Government Debt to GDP in Turkey averaged 42.30 percent from 2000 until 2020, reaching an all time high of 75.50 percent in 2001 and a record low of 27.40 percent in 2015. This page provides the latest reported value for - Turkey Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Government Debt to GDP - values, historical data and charts - was last updated on June of 2021.

Government Debt to GDP in Turkey is expected to reach 45.60 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Government Debt to GDP is projected to trend around 45.00 percent in 2022 and 43.00 percent in 2023, according to our econometric models.

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Turkey Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
39.50 32.60 75.50 27.40 2000 - 2020 percent of GDP Yearly

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 39.50 32.60 75.50 27.40 percent of GDP [+]
Government Budget -3.40 -2.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value -16.92 23.76 28.22 -43.72 TRY Billion [+]
Government Spending 61363117.10 78810997.60 78810997.60 20942407.10 TRY THO [+]
Government Revenues 93.79 134.93 134.93 0.04 TRY Billion [+]
Government Debt 1949520.00 1950100.00 1950100.00 15.00 TRY Million [+]
Fiscal Expenditure 110.71 111.16 138.25 0.04 TRY Billion [+]
Treasury Cash Balance -29010.45 -13309.68 40984.16 -46826.70 TRY Million [+]
Military Expenditure 19567.00 20603.00 20603.00 999.00 USD Million [+]
Credit Rating 35.00 [+]


Turkey Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.