Foreign debt held by private sector companies amounts to $186 billion, as reported in April.
Turkey's Private Sector Debt Soars to $185.9 Billion
Let's dive into the foreign debt figure for Turkey's private sector, shall we? As of mid-2025, it's clocking in at a staggering $185.9 billion, according to the Turkish Central Bank1,2,3,4.
Now, let's break it down:
Long-term loans account for $173.5 billion of this hefty sum, seeing an increase of $16.7 billion compared to the end of last year. On the other hand, short-term loans stand at $12.5 billion, witnessing a hike of $2.9 billion from the end of 20242,4.
Curious about the currency composition? Here's a sneak peek:
- 57.9% of long-term loans are in U.S. dollars, while 33% are in euros and a sliver (2.1%) in Turkish lira. Another 7% spots other currencies on the list2.
- For short-term loans, 46% are in U.S. dollars, 31.1% in Turkish lira, 19.5% in euros, and a smidgen (3.3%) in assorted other currencies*2.
As for sectoral distribution, 57.2% of the total foreign debt belongs to the non-financial sector, while the remaining 42.8% finds a home in the financial sector2.
Worth noting, the total liabilities of non-financial and financial institutions skyrocketed by $10.4 billion and $3.3 billion respectively2.
In summary, we're looking at a significant increase in Turkey's private sector's foreign debt, with the majority of it in U.S. dollars and euros and the majority held by non-financial companies.
The private sector debt in Turkey's business sector has surged to an impressive $185.9 billion, a large portion of which is long-term loans, accounting for $173.5 billion of the total. The foreign debt figure indicates a rise of $16.7 billion from the end of the previous year.
A deeper analysis shows that more than half of these long-term loans are denominated in U.S. dollars, with the non-financial sector holding almost 57.2% of the total foreign debt in the private sector.
