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Reading: Turkish financial debt-to-GDP ratio edges down, deficit widens
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MacroHerald > Latest News > Economy > Economic Data > Turkish financial debt-to-GDP ratio edges down, deficit widens
Economic Data

Turkish financial debt-to-GDP ratio edges down, deficit widens

Enver Adıgüzel
Last updated: 22 October 2026 00:42
Enver Adıgüzel - Editor and Publisher
5 minutes ago
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GDP & growth
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The Central Bank of the Republic of Türkiye (CBRT) has published its Financial Accounts Report for the second quarter of 2026. Total financial assets of domestic resident sectors stood at 237 trillion Turkish lira, while total financial liabilities reached 255 trillion lira. The gap between them is the country’s net financial position.

Contents
  • Borrowing slows, debt stays broadly stable
  • Where households and companies hold their money

That deficit widened to 24.7 percent of GDP, an increase of 1.97 percentage points from the previous period. The economy as a whole remains a net financial debtor. Households and the rest of the world are net creditors to other domestic sectors, while non-financial corporations and general government owe money to others.

Borrowing slows, debt stays broadly stable

Net borrowing by sectors fell to 4.6 percent of GDP in the second quarter, down from 10.2 percent in the previous quarter.

Total debt of resident sectors, measured as loans and debt securities, slipped slightly to 92 percent of GDP. The central bank describes total debt as low compared with other countries.

Where households and companies hold their money

Money and deposits make up about 54 percent of household financial assets. Household financial liabilities consist almost entirely of loans.

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Source: Central Bank of the Republic of Türkiye

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ByEnver Adıgüzel
Editor and Publisher
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Enver Adıgüzel is the editor and publisher of MacroHerald. He holds a degree in Economics from the Faculty of Economics and Administrative Sciences at Kırıkkale University and an MBA. He writes on central bank policy, currencies, government bond markets and the economic data that move them.
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