Interest payments in Turkey
Turkey: Interest payments was 11.0% in 2023. ◆ Volatile
Interest payments in Turkey, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Turkey stood at 11.0%.
The figure is down 24.5% on the previous year and up 48.0% over ten years.
Over the whole period, interest payments in Turkey peaked at 39.3% in 1998 and was at its lowest, 2.8%, in 1978.
Turkey ranks 46th of 152 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Turkey, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 3.5% | — |
| 1973 | 3.6% | +4.3% |
| 1974 | 3.8% | +4.0% |
| 1975 | 3.6% | -4.7% |
| 1976 | 3.5% | -1.7% |
| 1977 | 3.0% | -14.3% |
| 1978 | 2.8% | -6.5% |
| 1979 | 2.9% | +1.1% |
| 1980 | 2.9% | +2.4% |
| 1981 | 6.2% | +112.0% |
| 1983 | 7.8% | +25.2% |
| 1984 | 9.7% | +24.8% |
| 1985 | 10.2% | +4.5% |
| 1986 | 15.5% | +53.0% |
| 1987 | 17.7% | +14.1% |
| 1988 | 18.1% | +1.9% |
| 1989 | 18.1% | +0.5% |
| 1990 | 20.8% | +14.5% |
| 1991 | 15.3% | -26.1% |
| 1992 | 13.1% | -14.7% |
| 1993 | 15.2% | +16.0% |
| 1994 | 20.9% | +37.7% |
| 1995 | 13.0% | -37.9% |
| 1996 | 13.3% | +2.7% |
| 1997 | 28.7% | +115.0% |
| 1998 | 39.3% | +37.1% |
| 2008 | 17.2% | -56.3% |
| 2009 | 12.4% | -27.6% |
| 2010 | 10.3% | -17.4% |
| 2011 | 9.4% | -8.6% |
| 2012 | 8.8% | -6.5% |
| 2013 | 7.5% | -15.0% |
| 2014 | 7.1% | -5.5% |
| 2015 | 6.5% | -8.4% |
| 2016 | 6.0% | -7.6% |
| 2017 | 6.1% | +2.9% |
| 2018 | 7.9% | +29.3% |
| 2019 | 6.4% | -19.5% |
| 2020 | 8.5% | +32.5% |
| 2021 | 9.7% | +14.6% |
| 2022 | 14.6% | +50.6% |
| 2023 | 11.0% | -24.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.3% | 2.8% | 3.8% | 8 |
| 1980s | 11.8% | 2.9% | 18.1% | 9 |
| 1990s | 20.0% | 13.0% | 39.3% | 9 |
| 2000s | 14.8% | 12.4% | 17.2% | 2 |
| 2010s | 7.6% | 6.0% | 10.3% | 10 |
| 2020s | 11.0% | 8.5% | 14.6% | 4 |
Countries ranked near Turkey
More public sector data for Turkey
- Arms imports 381.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 4.46 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -43.89 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 381.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 292.08 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0184 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 27.59 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 24.98 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 882.24 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Turkey?
- Interest payments in Turkey was 11.0% in 2023, 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 39.3% in 1998.
- What is the lowest interest payments recorded in Turkey?
- The lowest recorded value was 2.8% in 1978.
- How does Turkey rank for interest payments?
- Turkey ranks 46th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Turkey?
- Over the last ten years it is up 48.0%. 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 (% of expense). Statizoid updates them automatically from the source API.
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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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.