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 1998 to 2016 was between 83.6 bn and 366.1 bn USD. The hightest level within the past 18 years was reached in 2010. However, the liabilities in 2016 have been only 275.29 bn USD

Based on the number of inhabitants, this is in Turkey a debt of 3,449 USD per person. For comparison: The average debt per person in the same year in the European Union was 31,202 USD.

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Gross debt of the last 18 years in billion USD

JahrTurkey totalTurkey per capitaEU per capita
199883.61 bn USD1,363 USD12,387 USD
2008317.55 bn USD4,509 USD23,520 USD
2009325.37 bn USD4,562 USD25,266 USD
2010366.13 bn USD5,062 USD30,683 USD
2011352.66 bn USD4,802 USD34,278 USD
2012343.36 bn USD4,600 USD33,161 USD
2013312.92 bn USD4,121 USD35,247 USD
2014294.87 bn USD3,818 USD36,694 USD
2015251.12 bn USD3,198 USD31,489 USD
2016275.29 bn USD3,449 USD31,202 USD

Comparison of the gross debt per capita with the European Union in Euro

      Turkey       European Union

Budget 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 -46.71 bn Euro and +3.95 bn Euro. In 2010 was reached a balance of -19.04 bn Euro.

In ratio to population, this equals a surplus of 0 Euro per capita in Turkey. For comparison, the average debt per capita in the European Union was in the same year at 2,486 Euro.

Budget deficit and surplus in the last 9 years

JahrTurkey totalTurkey per capitaEU per capita
2001-46.71 bn USD-728 USD-263 USD
2002-23.48 bn USD-360 USD-496 USD
2003-27.20 bn USD-412 USD-738 USD
2004-17.39 bn USD-260 USD-808 USD
2005-5.65 bn USD-83 USD-722 USD
20063.95 bn USD57 USD-499 USD
2007-9.86 bn USD-142 USD-315 USD
2008-20.47 bn USD-291 USD-951 USD
2009-42.82 bn USD-600 USD-2,252 USD
2010-19.04 bn USD-263 USD-2,486 USD

(negative numbers = deficit)