Turkey’s gross external debt stock totaled $433.9 billion at the end of September, the Treasury and Finance Ministry announced Tuesday. The figure constituted 59.1% of the country’s gross domestic product (GDP), the ministry said in a statement.
Turkey’s net foreign debt amounted to $247.6 billion as of Sept. 30, accounting for 33.7% of its GDP. “Treasury guaranteed external debt stock has been $14.4 billion as of 30 September,” said the ministry.
The data showed that EU-defined general government debt stock was nearly 1.3 trillion Turkish liras ($233.6 billion), or 32.1% of GDP at the end of the month. The public net debt stock reached 643.1 billion Turkish liras ($113.8 billion) or 15.7% of GDP during the same period.