Turkey External Debt

External Debt in Turkey increased to 388243 USD Million in the fourth quarter of 2013 from 372652 USD Million in the third quarter of 2013. External Debt in Turkey is reported by the Undersecretariat of Treasury, Turkey. External Debt in Turkey averaged 156227.62 USD Million from 1989 until 2013, reaching an all time high of 388243 USD Million in the fourth quarter of 2013 and a record low of 43911 USD Million in the fourth quarter of 1989. In Turkey, external debt is a part of the total debt that is owed to creditors outside the country. This page provides - Turkey External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
388243.00 372652.00 388243.00 43911.00 398334.40 | 2014/03 1989 - 2013 USD Million Quarterly
Current Prices, NSA


Turkey External Debt

Trade Last Previous Highest Lowest Forecast Unit
Current Account -3191.00 2014-02-15 -4930.00 1132.00 -9518.00 -3644.42 2014-03-31 USD Million [+]
Current Account to GDP -6.10 2012-12-31 -9.70 2.00 -9.70 -6.17 2013-12-31 Percent [+]
External Debt 388243.00 2013-12-31 372652.00 388243.00 43911.00 398334.40 2014-03-31 USD Million [+]
Foreign Direct Investment 12387.00 2012-12-31 15904.00 22046.00 1800.00 10110.49 2013-12-31 USD Million [+]
Remittances 60.00 2014-02-15 72.00 574.00 43.00 55.10 2014-02-28 USD Million [+]
Terms of Trade 98.78 2014-02-15 100.55 147.63 93.96 99.61 2014-02-28 Index Points [+]
Tourist Arrivals 1352184.00 2014-02-15 1146815.00 4945999.00 213998.00 1909918.04 2014-03-31 [+]
Balance of Trade -5099.79 2014-02-15 -6849.60 24.51 -10453.06 -6358.72 2014-03-31 USD Million [+]
Exports 13150.45 2014-02-15 12442.45 14198.49 7.10 13426.31 2014-03-31 USD Million [+]
Imports 18250.25 2014-02-15 19292.05 23245.30 15.00 18729.02 2014-03-31 USD Million [+]

External Debt | Notes
External debt is a part of the total debt that is owed to creditors outside the country.


Turkey Unemployment Rate Edges Up Slightly in January  
Turkish jobless rate increased for the third consecutive month in January of 2014 to 10.1 percent, up from 10.0 percent in the previous month, but decreased compared with 10.6 percent recorded a year earlier.
Turkish Inflation Rate Rises Further in March  
Turkey’s annual inflation rate accelerated to 8.39 percent in March of 2014, from 7.89 a year earlier and 7.29 percent recorded in February of 2014, as food and transportation costs edged up. This is the highest rate in eight months.
Turkey GDP Expands 0.5% in Q4  
Turkey's seasonal and calendar adjusted GDP advanced 0.5 percent in the last quarter of 2013, while GDP growth reached 4.0 percent in 2013.
Turkey’ Trade Deficit Narrows To Lowest in Nearly 3-1/2 Years  
The trade deficit decreased in February of 2014 to USD -5.1 billion from USD -7.0 billion a year earlier and USD -6.9 billion in January of 2014. Compared with February of 2013, manufacturing exports climbed while imports of agriculture and manufactured goods decreased.
Turkish GDP Growth Beats Expectations in Q4  
In the last three months of 2013, the Turkish economy expanded 4.4 percent over a year earlier, up from a revised 4.3 percent in the previous three months and above market expectations.
Turkey Leaves Rates on Hold  
At its March 18th, 2014 meeting, the Central Bank of Turkey decided to leave the benchmark repo rate unchanged at 10 percent and the overnight lending rate at 12 percent, as January’s rate hike helped to stabilize the lira.
Turkish Unemployment Rate at 10%  
In December of 2013, Turkey’s jobless rate edged marginally higher to 10 percent from 9.9 percent in the previous month. A year earlier, unemployment was recorded at 10.1 percent.
Turkey Inflation Rate Edges Higher  
In February of 2014, Turkish annual inflation rate accelerated for the third straight month to 7.89 percent from 7.75 percent in the previous month. On a monthly basis, prices decelerated to 0.43 percent, following a 1.98 percent rise a month earlier.
Turkish Trade Deficit Narrows in January  
Turkey’s trade deficit decreased in January of 2014, to USD -6.8 billion from USD -7.3 billion a year earlier and USD 9.9 billion in December of 2013. Exports to the European Union increased by 13.7 percent with Germany as the main exports’ partner and Russia as the top country for imports.
Turkish Monetary Policy Unchanged in February  
At its February 18th, 2014 meeting, the Central Bank of Turkey decided to leave the benchmark repo rate on hold at 10 percent and the overnight lending rate at 12 percent. Last month, the central bank rose rates sharply aiming to stabilize the lira.


Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.

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