Turkey Debt to GDP Ratio 1990-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • Turkey debt to gdp ratio for 2021 was 42.73%, a 0.76% increase from 2020.
  • Turkey debt to gdp ratio for 2020 was 41.97%, a 7.84% increase from 2019.
  • Turkey debt to gdp ratio for 2019 was 34.13%, a 4.72% increase from 2018.
  • Turkey debt to gdp ratio for 2018 was 29.41%, a 0.44% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Brazil 86.10%
Albania 82.38%
Colombia 79.78%
South Africa 75.62%
Malaysia 63.40%
Armenia 60.16%
Thailand 58.56%
Romania 55.65%
Bosnia 47.02%
Mexico 46.29%
Turkey 42.73%
Peru 35.66%
Bulgaria 32.81%
Kazakhstan 22.41%
Russia 20.94%
Azerbaijan 16.82%
Turkey Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2021 42.73% 0.76%
2020 41.97% 7.84%
2019 34.13% 4.72%
2018 29.41% -0.44%
2017 29.86% -0.22%
2016 30.07% 1.01%
2015 29.06% -2.29%
2014 31.35% -0.78%
2013 32.12% -5.84%
2012 37.96% -2.12%
2011 40.08% -5.07%
2010 45.15% -3.33%
2009 48.47% 7.58%
2008 40.89% 10.59%
1998 30.30% -14.00%
1997 44.29% 6.37%
1996 37.92% 2.08%
1995 35.84% -8.18%
1994 44.02% 10.32%
1993 33.70% -0.32%
1992 34.02% 1.89%
1991 32.13% 1.88%
1990 30.25% 1.88%