Turkey: Net external debt stock totals $300B in H1 2018

By Muhammed Ali Gurtas

ANKARA (AA) – Turkey's net external debt stock amounted to $300.4 billion as of June 30 this year, the Ministry of Treasury and Finance announced on Friday.

The ministry said that Turkey's net external debt stock to gross domestic product (GDP) ratio was 34.1 percent at the end of first half of this year.

According to the official figures, the country's gross external debt stock totalled $457 billion in the same period, indicating a debt/GDP ratio of 51.8 percent.

The private sector's share in the country's gross external debt stock was 69.4 percent, while some $220 billion of this amount consisted of long-term debts — with a maturity of more than one year.

As of June, Turkish public sector's share was nearly 30 percent in the country's total foreign debt — around $24 billion to be paid back in the short-term and some $115 billion in the long-term.

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