Turkey Debt to GDP Ratio 2008-2024

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 2022 was 36.09%, a 7.46% decline from 2021.
  • Turkey debt to gdp ratio for 2021 was 43.55%, a 0.36% increase from 2020.
  • Turkey debt to gdp ratio for 2020 was 43.18%, a 6.48% increase from 2019.
  • Turkey debt to gdp ratio for 2019 was 36.70%, a 4.74% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Jordan 101.14%
Brazil 79.10%
South Africa 73.00%
Costa Rica 71.11%
Colombia 69.87%
Malaysia 60.27%
Romania 50.45%
Armenia 46.55%
Mexico 43.21%
Bosnia 39.93%
Turkey 36.09%
Bulgaria 30.30%
Russia 17.58%
Turkey Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2022 36.09% -7.46%
2021 43.55% 0.36%
2020 43.18% 6.48%
2019 36.70% 4.74%
2018 31.96% -1.12%
2017 33.08% -0.31%
2016 33.39% 1.09%
2015 32.30% -2.29%
2014 34.59% -0.39%
2013 34.99% -4.94%
2012 39.92% -1.53%
2011 41.45% -5.63%
2010 47.07% -3.16%
2009 50.23% 7.92%
2008 42.31% 7.92%