Interest payments in Turkey
Turkey: Interest payments was 1.65 trillion current LCU in 2024. ◆ Volatile
Interest payments in Turkey, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Turkey recorded 1.65 trillion current LCU for interest payments in 2024. That is the highest value across all 43 years on record.
That represents a change of up 66.8% on the previous year and up 3,769.6% over ten years.
Over the whole period, interest payments in Turkey peaked at 1.65 trillion current LCU in 2024 and was at its lowest, 1,500 current LCU, in 1972.
That places Turkey 19th out of 155 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Turkey, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 1,500 current LCU | — |
| 1973 | 2,000 current LCU | +33.3% |
| 1974 | 2,300 current LCU | +15.0% |
| 1975 | 3,300 current LCU | +43.5% |
| 1976 | 4,100 current LCU | +24.2% |
| 1977 | 5,100 current LCU | +24.4% |
| 1978 | 7,200 current LCU | +41.2% |
| 1979 | 14,900 current LCU | +106.9% |
| 1980 | 28,000 current LCU | +87.9% |
| 1981 | 77,300 current LCU | +176.1% |
| 1983 | 181,400 current LCU | +134.7% |
| 1984 | 374,900 current LCU | +106.7% |
| 1985 | 595,900 current LCU | +58.9% |
| 1986 | 1.08 million current LCU | +82.0% |
| 1987 | 1.91 million current LCU | +76.4% |
| 1988 | 3.37 million current LCU | +76.1% |
| 1989 | 6.18 million current LCU | +83.4% |
| 1990 | 12.49 million current LCU | +102.1% |
| 1991 | 18.60 million current LCU | +48.9% |
| 1992 | 27.01 million current LCU | +45.2% |
| 1993 | 69.03 million current LCU | +155.6% |
| 1994 | 177.46 million current LCU | +157.1% |
| 1995 | 211.27 million current LCU | +19.1% |
| 1996 | 495.89 million current LCU | +134.7% |
| 1997 | 2.28 billion current LCU | +359.6% |
| 1998 | 6.18 billion current LCU | +171.0% |
| 2008 | 52.20 billion current LCU | +745.2% |
| 2009 | 44.49 billion current LCU | -14.8% |
| 2010 | 39.41 billion current LCU | -11.4% |
| 2011 | 40.01 billion current LCU | +1.5% |
| 2012 | 41.05 billion current LCU | +2.6% |
| 2013 | 39.62 billion current LCU | -3.5% |
| 2014 | 42.59 billion current LCU | +7.5% |
| 2015 | 43.87 billion current LCU | +3.0% |
| 2016 | 48.08 billion current LCU | +9.6% |
| 2017 | 61.12 billion current LCU | +27.1% |
| 2018 | 100.25 billion current LCU | +64.0% |
| 2019 | 98.22 billion current LCU | -2.0% |
| 2020 | 145.75 billion current LCU | +48.4% |
| 2021 | 218.04 billion current LCU | +49.6% |
| 2022 | 651.28 billion current LCU | +198.7% |
| 2023 | 988.04 billion current LCU | +51.7% |
| 2024 | 1.65 trillion current LCU | +66.8% |
Turkey compared with similar countries
- Turkey's 1.65 trillion current LCU is above the median for upper middle income countries, which is 34.20 billion current LCU, 48.2× the median. (48 countries reporting)
- Turkey's 1.65 trillion current LCU is above the median for Europe & Central Asia, which is 9.50 billion current LCU, 173.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Interest payments in Turkey changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +745.2% | 6.18 billion current LCU | 52.20 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,050 current LCU | 1,500 current LCU | 14,900 current LCU | 8 |
| 1980s | 1.53 million current LCU | 28,000 current LCU | 6.18 million current LCU | 9 |
| 1990s | 1.05 billion current LCU | 12.49 million current LCU | 6.18 billion current LCU | 9 |
| 2000s | 48.35 billion current LCU | 44.49 billion current LCU | 52.20 billion current LCU | 2 |
| 2010s | 55.42 billion current LCU | 39.41 billion current LCU | 100.25 billion current LCU | 10 |
| 2020s | 730.20 billion current LCU | 145.75 billion current LCU | 1.65 trillion current LCU | 5 |
Countries ranked near Turkey
More public sector data for Turkey
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 3 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Turkey?
- Interest payments in Turkey was 1.65 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Turkey?
- The highest recorded value was 1.65 trillion current LCU in 2024.
- What is the lowest interest payments recorded in Turkey?
- The lowest recorded value was 1,500 current LCU in 1972.
- How does Turkey rank for interest payments?
- Turkey ranks 19th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Turkey?
- Over the last ten years it is up 3,769.6%. The long-run trend across the full record is volatile.
- Where does this Turkey data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 43 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.