The Central Bank of the Republic of Turkey (CBRT) has released its financial accounts data for the first quarter of 2025. According to the report, the total financial assets of domestic sectors reached 136 trillion Turkish lira, while liabilities stood at 146 trillion lira. This resulted in a net financial position deficit amounting to 22.8% of the country’s gross domestic product (GDP), marking a 1.4 percentage point improvement from the previous quarter.
In its statement, the CBRT noted that Turkey was a net borrower in the first quarter of the year, with net borrowing at 5.82% of GDP. This figure had stood at 3.29% in the previous quarter.
A sectoral breakdown shows that households and non-resident entities remained net financial creditors, while non-financial corporations and the general government sector were net debtors. Within household financial assets, cash and deposits dominated with a 60% share. On the liabilities side, nearly all debt stemmed from loans obtained from banks.
For non-financial corporations, “other receivables” accounted for 64% of financial assets, while “other liabilities” represented 50% of the liability side.
The CBRT emphasized that Turkey’s debt levels across sectors remain relatively low in international comparisons. The ratio of total debt—comprising loans and debt securities—to GDP was recorded at 93%.
Source: Bloomberght/ Prepared by: İlayda Gök