Turkey Household Debt: % of GDP
Key information about Turkey Household Debt: % of GDP
- Turkey household debt accounted for 11.9 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 11.3 % in the previous quarter.
- Turkey household debt to GDP ratio is updated quarterly, available from Dec 2014 to Mar 2023.
- The data reached an all-time high of 19.1 % in Mar 2015 and a record low of 11.3 % in Dec 2022.
CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Central Bank of the Republic of Turkey provides Household Debt in local currency. Turkish Statistical Institute provides Nominal GDP in local currency.
Related information about Turkey Household Debt: % of GDP
- In the latest reports, Turkey Household Debt reached 98.3 USD bn in May 2023.
- Money Supply M2 in Turkey increased 51.5 % YoY in May 2023.
- Turkey Foreign Exchange Reserves was measured at 59.6 USD bn in Jun 2023.
- The Foreign Exchange Reserves equaled 2.3 Months of Import in Jun 2023.
- Turkey Domestic Credit reached 571.2 USD bn in May 2023, representing an increased of 56.0 % YoY.
- The country's Non Performing Loans Ratio stood at 1.6 % in Jun 2023, compared with the ratio of 1.8 % in the previous month.
View Turkey's Household Debt: % of GDP from Dec 2014 to Mar 2023 in the chart:
What was Turkey's Household Debt: % of GDP in Mar 2023?
Turkey household debt accounted for 11.9 % of the country's Nominal GDP in Mar 2023, compared with the ratio of 11.3 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
11.9 Mar 2023 | 11.3 Dec 2022 | 11.3 Dec 2022 | 19.1 Mar 2015 | % | quarterly | Dec 2014 - Mar 2023 |
Household Debt: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 11.7 Jun 2023 | quarterly | Dec 2008 - Jun 2023 |
Argentina (%) | 3.9 Jun 2023 | quarterly | Dec 2004 - Jun 2023 |
Armenia (%) | 24.3 Jun 2023 | quarterly | Dec 2000 - Jun 2023 |
Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
Austria (%) | 46.7 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
Azerbaijan (%) | 9.6 Jun 2023 | quarterly | Mar 2005 - Jun 2023 |
Belarus (%) | 9.2 Jun 2023 | quarterly | Dec 2006 - Jun 2023 |
Belgium (%) | 60.8 Jun 2023 | quarterly | Dec 1992 - Jun 2023 |
Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 |
Bosnia and Herzegovina (%) | 24.4 Jun 2023 | quarterly | Dec 2008 - Jun 2023 |
Botswana (%) | 19.2 Jun 2023 | quarterly | Dec 2002 - Jun 2023 |
Brunei (%) | 12.4 Mar 2023 | quarterly | Dec 2013 - Mar 2023 |
Bulgaria (%) | 27.4 2022 | yearly | 1995 - 2022 |
Cambodia (%) | 36.0 2022 | yearly | 2008 - 2022 |
Canada (%) | 102.1 Jun 2023 | quarterly | Mar 1969 - Jun 2023 |
Chile (%) | 40.3 Sep 2023 | quarterly | Mar 2009 - Sep 2023 |
China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
Colombia (%) | 34.8 Jun 2023 | quarterly | Dec 2015 - Jun 2023 |
Croatia (%) | 33.1 Dec 2022 | quarterly | Mar 2012 - Dec 2022 |
Cyprus (%) | 97.5 2021 | yearly | 1995 - 2021 |
Czech Republic (%) | 37.1 Jun 2023 | quarterly | Mar 2004 - Jun 2023 |
Denmark (%) | 86.8 2022 | yearly | 1994 - 2022 |
Ecuador (%) | 16.0 Jun 2023 | quarterly | Dec 2006 - Jun 2023 |
Egypt (%) | 8.2 Jun 2023 | quarterly | Dec 2002 - Jun 2023 |
Estonia (%) | 37.8 Jun 2023 | quarterly | Dec 2003 - Jun 2023 |
European Union (%) | 47.7 Jun 2023 | quarterly | Sep 1997 - Jun 2023 |
Finland (%) | 74.9 2022 | yearly | 1995 - 2022 |
France (%) | 75.1 2022 | yearly | 1977 - 2022 |
Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Germany (%) | 53.6 Jun 2023 | quarterly | Dec 1991 - Jun 2023 |
Greece (%) | 48.3 Jun 2023 | quarterly | Dec 1997 - Jun 2023 |
Hong Kong SAR, China (%) | 96.0 Mar 2023 | quarterly | Mar 1982 - Mar 2023 |
Hungary (%) | 20.2 Sep 2023 | quarterly | Dec 1995 - Sep 2023 |
Iceland (%) | 75.8 Jun 2023 | quarterly | Dec 1995 - Jun 2023 |
India (%) | 14.7 2023 | yearly | 1998 - 2023 |
Indonesia (%) | 9.4 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Ireland (%) | 27.8 Jun 2023 | quarterly | Mar 2002 - Jun 2023 |
Israel (%) | 43.0 Jun 2023 | quarterly | Dec 1995 - Jun 2023 |
Italy (%) | 51.1 Jun 2023 | quarterly | Dec 1995 - Jun 2023 |
Japan (%) | 67.2 Jun 2023 | quarterly | Dec 1997 - Jun 2023 |
Jordan (%) | 83.4 Jun 2023 | quarterly | Mar 2002 - Jun 2023 |
Kazakhstan (%) | 14.2 Jun 2023 | quarterly | Dec 1997 - Jun 2023 |
South Korea (%) | 104.9 Jun 2023 | quarterly | Dec 2002 - Jun 2023 |
Kosovo (%) | 19.2 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
Kuwait (%) | 1.5 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
Kyrgyzstan (%) | 7.1 Sep 2023 | quarterly | Dec 2000 - Sep 2023 |
Latvia (%) | 19.9 Jun 2023 | quarterly | Mar 2004 - Jun 2023 |
Lithuania (%) | 23.4 Jun 2023 | quarterly | Dec 1995 - Jun 2023 |
Luxembourg (%) | 69.6 Jun 2023 | quarterly | Dec 1995 - Jun 2023 |
Macau SAR, China (%) | 108.0 Sep 2023 | quarterly | Dec 2001 - Sep 2023 |
North Macedonia (%) | 26.5 Jun 2023 | quarterly | Mar 2003 - Jun 2023 |
Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
Malaysia (%) | 81.0 2022 | yearly | 2002 - 2022 |
Malta (%) | 43.9 Jun 2023 | quarterly | Dec 2003 - Jun 2023 |
Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
Mexico (%) | 16.3 Sep 2023 | quarterly | Dec 2000 - Sep 2023 |
Mongolia (%) | 22.7 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Montenegro (%) | 25.4 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
Morocco (%) | 25.3 2022 | yearly | 2001 - 2022 |
Netherlands (%) | 94.3 Jun 2023 | quarterly | Mar 1999 - Jun 2023 |
New Zealand (%) | 91.9 Jun 2023 | quarterly | Dec 1990 - Jun 2023 |
Norway (%) | 85.1 Jun 2023 | quarterly | Dec 1995 - Jun 2023 |
Panama (%) | 42.6 Sep 2022 | quarterly | Dec 2007 - Sep 2022 |
Peru (%) | 17.1 Sep 2023 | quarterly | Mar 2001 - Sep 2023 |
Philippines (%) | 10.1 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
Poland (%) | 24.7 Jun 2023 | quarterly | Dec 2003 - Jun 2023 |
Portugal (%) | 69.4 Jun 2023 | quarterly | Dec 1999 - Jun 2023 |
Romania (%) | 15.4 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
Russia (%) | 20.2 Jun 2023 | quarterly | Dec 2000 - Jun 2023 |
Saudi Arabia (%) | 11.5 Jun 2023 | quarterly | Dec 2003 - Jun 2023 |
Serbia (%) | 19.9 Mar 2023 | quarterly | Dec 2003 - Mar 2023 |
Singapore (%) | 55.7 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Slovakia (%) | 47.9 Jun 2023 | quarterly | Mar 2004 - Jun 2023 |
Slovenia (%) | 28.1 Jun 2023 | quarterly | Mar 2004 - Jun 2023 |
South Africa (%) | 40.9 Jun 2023 | quarterly | Mar 1969 - Jun 2023 |
Spain (%) | 53.6 Jun 2023 | quarterly | Dec 1989 - Jun 2023 |
Sri Lanka (%) | 7.4 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
Sweden (%) | 88.1 Jun 2023 | quarterly | Mar 1996 - Jun 2023 |
Switzerland (%) | 128.8 2022 | yearly | 1999 - 2022 |
Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
Taiwan (%) | 91.5 2021 | yearly | 2000 - 2021 |
Thailand (%) | 86.4 Jun 2023 | quarterly | Mar 2003 - Jun 2023 |
Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
Turkey (%) | 11.9 Mar 2023 | quarterly | Dec 2014 - Mar 2023 |
Ukraine (%) | 4.3 Dec 2022 | quarterly | Dec 2002 - Dec 2022 |
United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 |
United Kingdom (%) | 84.7 Jun 2023 | quarterly | Mar 1987 - Jun 2023 |
United States (%) | 64.1 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Uruguay (%) | 10.5 Jun 2023 | quarterly | Dec 2005 - Jun 2023 |
Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -3.8 Jun 2023 | quarterly | Dec 2006 - Jun 2023 |
Consolidated Fiscal Balance (USD mn) | 868.782 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
Tax Revenue (USD mn) | 834.001 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
Tax Revenue: % of GDP (%) | 17.7 Jun 2023 | quarterly | Mar 2006 - Jun 2023 |
National Government Debt (USD mn) | 254,513.1 2022 | yearly | 2001 - 2022 |
Government Debt: % of GDP (%) | 34.0 Jun 2023 | quarterly | Dec 2001 - Jun 2023 |
Forecast: Government Expenditure (TRY bn) | 62,930.421 2028 | yearly | 2000 - 2028 |
Forecast: Government Net Debt (TRY bn) | 60,762.078 2028 | yearly | 2000 - 2028 |
Forecast: Government Revenue (TRY bn) | 56,428.624 2028 | yearly | 2000 - 2028 |
General Budget: Expenditure (TRY mn) | 563,534.030 Oct 2023 | monthly | Jan 2005 - Oct 2023 |
General Budget: Cash Balance (TRY mn) | -82,246.710 Oct 2023 | monthly | Jan 2005 - Oct 2023 |
General Budget: Revenue (TRY mn) | 481,287.320 Oct 2023 | monthly | Jan 2005 - Oct 2023 |
General Budget: ytd: Revenue (TRY th) | 466,311,224.547 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) | 33,619,180.492 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
General Budget: ytd: Revenue: Tax (TRY th) | 409,426,701.191 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) | 222,576,476.263 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
General Budget: ytd: Expenditure (EX) (TRY th) | 575,692,024.859 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
General Budget: ytd: Balance (TRY th) | -109,380,800.311 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
General Budget: ytd: Revenue: Tax: Direct (TRY th) | 88,943,401.713 Oct 2023 | monthly | Jan 2006 - Oct 2023 |
Central Government Debt: External (TRY mn) | 538,505.357 Mar 2019 | monthly | Jan 2002 - Mar 2019 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 7.230 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -8,483.7 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
Total Exports (USD mn) | 14,265.9 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
Total Exports Growth (%) | 0.9 May 2023 | monthly | Jan 2014 - May 2023 |
Aluminum: Exports (USD th) | 5,241,090.145 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 1,290,644.710 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 651,764.672 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 17,684.5 Dec 2019 | monthly | Jan 1997 - Dec 2019 |
Total Imports Growth (%) | 6.5 May 2023 | monthly | Jan 2014 - May 2023 |
Imports: Medicament (USD th) | 2,306,593.258 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 2,692,489.997 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 1,200.635 Sep 2023 | monthly | Apr 1964 - Sep 2023 |
Total Imports from USA (USD mn) | 1,248.725 Sep 2023 | monthly | Apr 1964 - Sep 2023 |
Total Exports to China (USD mn) | 336.686 Sep 2023 | monthly | Jan 2013 - Sep 2023 |
Total Imports from China (USD mn) | 3,727.675 Sep 2023 | monthly | Sep 1992 - Sep 2023 |
Trade Balance: USD (USD mn) | -2,136.727 Mar 2019 | monthly | Jan 1969 - Mar 2019 |
Natural Gas: Annual: Production (Cub m mn) | 408.017 2022 | yearly | 1976 - 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.5 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Household Debt: % of GDP (%) | 11.9 Mar 2023 | quarterly | Dec 2014 - Mar 2023 |
Non-Performing Loans (USD mn) | 6,135.593 Sep 2023 | monthly | Dec 2002 - Sep 2023 |
Money Supply M1 (USD mn) | 169,204.044 Aug 2023 | monthly | Dec 1963 - Aug 2023 |
Money Supply M2 (USD mn) | 449,142.607 Aug 2023 | monthly | Dec 1976 - Aug 2023 |
M2 Growth (%) | 65.2 Aug 2023 | monthly | Dec 1977 - Aug 2023 |
Reserve Requirement Ratio (%) | 8.0 Oct 2023 | monthly | Jan 2011 - Oct 2023 |
Foreign Exchange Reserves (USD mn) | 74,530.0 Oct 2023 | monthly | Apr 2000 - Oct 2023 |
Foreign Exchange Reserves: % of GDP (%) | 5.917 Jun 2023 | quarterly | Jun 2000 - Jun 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 2.5 Oct 2023 | monthly | Apr 2000 - Oct 2023 |
Gold Reserves (USD mn) | 41,785.000 Aug 2023 | monthly | Dec 1956 - Aug 2023 |
Total Deposits (USD mn) | 485,606.367 Sep 2023 | monthly | Dec 2002 - Sep 2023 |
Total Deposits Growth (%) | 65.2 Sep 2023 | monthly | Dec 2003 - Sep 2023 |
Domestic Credit (USD mn) | 502,844.4 Aug 2023 | monthly | Jan 1986 - Aug 2023 |
Domestic Credit Growth (%) | 60.6 Aug 2023 | monthly | Jan 1987 - Aug 2023 |
Debt Service Ratio: Private Non-Financial Sector (%) | 12.400 Mar 2023 | quarterly | Mar 2002 - Mar 2023 |
Credit to Households (USD bn) | 102.497 Mar 2023 | quarterly | Mar 1986 - Mar 2023 |
Credit to Private Non-Financial Sector (USD bn) | 567.456 Mar 2023 | quarterly | Mar 1986 - Mar 2023 |
Household Debt (USD mn) | 84,565.0 Sep 2023 | monthly | Jan 1986 - Sep 2023 |
Total Loans (USD mn) | 319,639.353 Sep 2023 | monthly | Jan 1986 - Sep 2023 |
Total Loans Growth (%) | 57.31 Sep 2023 | monthly | Jan 1987 - Sep 2023 |
Private Debt: % of Nominal GDP (%) | 37.91 Mar 2023 | quarterly | Dec 1998 - Mar 2023 |
Money Supply: M3 (TRY th) | 12,660,259,688.000 Sep 2023 | monthly | Dec 2005 - Sep 2023 |
Asset Quality: Banking Sector: NPL to Total Loan (%) | 1.531 Sep 2023 | monthly | Jan 2003 - Sep 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | 2.6 Nov 2023 | monthly | Jan 2008 - Nov 2023 |
Composite Leading Indicator Index: Trend Restored (NA) | 280.820 Sep 2023 | monthly | Dec 1987 - Sep 2023 |
Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) | 103.900 Nov 2023 | monthly | Jan 2007 - Nov 2023 |
Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) | 111.730 Nov 2023 | monthly | Jan 2011 - Nov 2023 |
Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) | 91.010 Nov 2023 | monthly | Jan 2011 - Nov 2023 |
Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) | 110.910 Nov 2023 | monthly | Jan 2011 - Nov 2023 |
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