Gross debt in Turkey
The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.
The gross debt in Turkey in the period from 2001 to 2010 was between 147.5 billion and 225.1 billion Euro. The highest level of the last years at 225.11 billion Euro was reached in 2010.
Based on the number of inhabitants, this is in Turkey a debt of 3,112 Euro per person. For comparison: The average debt per person in the same year in the European Union was 20,054 Euro.
Back to overview: TurkeyGross debt of the past 9 years in billion Euro
| Jahr | Turkey total | European Union total | Turkey per capita | European Union per capita |
|---|
| 2001 | 147.48 bn € | 585.17 bn € | 2,297 € | 11,963 € |
| 2002 | 149.22 bn € | 601.06 bn € | 2,291 € | 12,257 € |
| 2003 | 173.78 bn € | 626.46 bn € | 2,630 € | 12,728 € |
| 2004 | 181.49 bn € | 673.97 bn € | 2,708 € | 13,639 € |
| 2005 | 214.80 bn € | 711.45 bn € | 3,163 € | 14,340 € |
| 2006 | 189.29 bn € | 737.12 bn € | 2,753 € | 14,802 € |
| 2007 | 196.04 bn € | 747.43 bn € | 2,817 € | 14,951 € |
| 2008 | 177.02 bn € | 794.32 bn € | 2,513 € | 15,829 € |
| 2009 | 203.90 bn € | 903.39 bn € | 2,858 € | 17,949 € |
| 2010 | 225.11 bn € | 1,011.57 bn € | 3,112 € | 20,054 € |
Comparison of the gross debt per capita with the European Union in Euro
Turkey European UnionBudget deficit in Turkey
The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.
The budget balance in Turkey in the period between 2001 and 2010 varied between -52.15 billion Euro and +3.15 billion Euro. In 2010 was reached a balance of -14 billion Euro.
In ratio to population, this equals a new indebtedness of 199 Euro per capita in Turkey only in 2010. For comparison, the average debt per capita in the European Union was in the same year at 1,628 Euro.
Budget deficit and surplus in the last 9 years
| Jahr | Turkey total | European Union total | Turkey per capita | European Union per capita |
|---|
| 2001 | -52.15 bn € | -143.52 bn € | -812 € | -293 € |
| 2002 | -24.83 bn € | -257.29 bn € | -381 € | -525 € |
| 2003 | -24.04 bn € | -321.17 bn € | -364 € | -653 € |
| 2004 | -13.98 bn € | -320.91 bn € | -209 € | -649 € |
| 2005 | -4.54 bn € | -287.69 bn € | -67 € | -580 € |
| 2006 | 3.15 bn € | -197.73 bn € | 46 € | -397 € |
| 2007 | -7.19 bn € | -112.90 bn € | -103 € | -226 € |
| 2008 | -13.91 bn € | -325.22 bn € | -198 € | -648 € |
| 2009 | -30.70 bn € | -814.64 bn € | -430 € | -1,619 € |
| 2010 | -14.36 bn € | -820.98 bn € | -199 € | -1,628 € |
(negative numbers = deficit)