Turkey recorded a government debt equivalent to 33.10 percent of the country's Gross Domestic Product in 2019. source: Undersecretariat of Treasury, Turkey

Government Debt to GDP in Turkey averaged 42.75 percent from 2000 until 2019, reaching an all time high of 76.10 percent in 2001 and a record low of 27.50 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 November of 2020.

Government Debt to GDP in Turkey is expected to reach 40.50 percent by the end of 2020, 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 45.60 percent in 2021 and 49.00 percent in 2022, according to our econometric models.

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Turkey Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
33.10 30.40 76.10 27.50 2000 - 2019 percent Yearly

Turkey Government Last Previous Highest Lowest Unit
Government Debt to GDP 33.10 30.40 76.10 27.50 percent [+]
Government Budget -2.90 -1.90 -0.60 -33.00 percent of GDP [+]
Government Budget Value -29436117.00 -16104759.00 27990695.00 -41951225.00 TRY Thousand [+]
Government Spending 61578543.60 60573210.80 74875850.70 20942407.10 TRY THO [+]
Government Revenues 76876672.00 66691002.00 134819231.00 6796416.00 TRY Thousand [+]
Government Debt 1934700.00 1862900.00 1934700.00 15.00 TRY Million [+]
Fiscal Expenditure 106312789.00 82795761.00 144562290.00 11186669.00 TRY Thousand [+]
Treasury Cash Balance -6681.00 -30964.78 30292.26 -46249.30 TRY Million [+]
Military Expenditure 22088.00 17824.00 22088.00 1176.00 USD Million [+]
Credit Rating 36.00 [+]


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.