Net incurrence of liabilities, total in Turkey
Turkey: Net incurrence of liabilities, total was 2.30 trillion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Turkey, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net incurrence of liabilities, total in Turkey stood at 2.30 trillion current LCU.
That represents a change of down 6.0% on the previous year and up 11,950.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Turkey peaked at 2.44 trillion current LCU in 2023 and was at its lowest, 5,100 current LCU, in 1972.
Turkey ranks 21st of 136 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Turkey, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 5,100 current LCU | — |
| 1973 | 5,500 current LCU | +7.8% |
| 1974 | 7,400 current LCU | +34.5% |
| 1975 | 7,000 current LCU | -5.4% |
| 1976 | 13,300 current LCU | +90.0% |
| 1977 | 52,800 current LCU | +297.0% |
| 1978 | 54,600 current LCU | +3.4% |
| 1979 | 136,600 current LCU | +150.2% |
| 1980 | 160,800 current LCU | +17.7% |
| 1986 | 1.26 million current LCU | +683.1% |
| 1988 | 4.70 million current LCU | +273.3% |
| 1989 | 7.93 million current LCU | +68.8% |
| 2008 | 18.64 billion current LCU | +234888.7% |
| 2009 | 57.87 billion current LCU | +210.5% |
| 2010 | 31.23 billion current LCU | -46.0% |
| 2011 | 24.93 billion current LCU | -20.2% |
| 2012 | 16.49 billion current LCU | -33.9% |
| 2013 | 11.78 billion current LCU | -28.5% |
| 2014 | 19.05 billion current LCU | +61.7% |
| 2015 | 30.16 billion current LCU | +58.3% |
| 2016 | 56.73 billion current LCU | +88.1% |
| 2017 | 101.80 billion current LCU | +79.4% |
| 2018 | 119.67 billion current LCU | +17.6% |
| 2019 | 204.91 billion current LCU | +71.2% |
| 2020 | 427.43 billion current LCU | +108.6% |
| 2021 | 305.49 billion current LCU | -28.5% |
| 2022 | 1.17 trillion current LCU | +282.7% |
| 2023 | 2.44 trillion current LCU | +108.9% |
| 2024 | 2.30 trillion current LCU | -6.0% |
Turkey compared with similar countries
- Turkey's 2.30 trillion current LCU is above the median for upper middle income countries, which is 48.87 billion current LCU, 47.0× the median. (47 countries reporting)
- Turkey's 2.30 trillion current LCU is above the median for Europe & Central Asia, which is 13.47 billion current LCU, 170.4× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total 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 | +234888.7% | 7.93 million current LCU | 18.64 billion current LCU |
| 1986 | +683.1% | 160,800 current LCU | 1.26 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 35,288 current LCU | 5,100 current LCU | 136,600 current LCU | 8 |
| 1980s | 3.51 million current LCU | 160,800 current LCU | 7.93 million current LCU | 4 |
| 2000s | 38.26 billion current LCU | 18.64 billion current LCU | 57.87 billion current LCU | 2 |
| 2010s | 61.68 billion current LCU | 11.78 billion current LCU | 204.91 billion current LCU | 10 |
| 2020s | 1.33 trillion current LCU | 305.49 billion current LCU | 2.44 trillion current LCU | 5 |
Countries ranked near Turkey
- 18 Cote d'Ivoire 2.43 trillion current LCU compare
- 19 Mexico 2.41 trillion current LCU compare
- 20 Malawi 2.31 trillion current LCU compare
- 22 United States 2.06 trillion current LCU compare
- 23 Senegal 1.75 trillion current LCU compare
- 24 Bangladesh 1.51 trillion current LCU compare
More public sector data for Turkey
- Democracy, 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)
- Elected parliament, 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)
- 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 net incurrence of liabilities, total in Turkey?
- Net incurrence of liabilities, total in Turkey was 2.30 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Turkey?
- The highest recorded value was 2.44 trillion current LCU in 2023.
- What is the lowest net incurrence of liabilities, total recorded in Turkey?
- The lowest recorded value was 5,100 current LCU in 1972.
- How does Turkey rank for net incurrence of liabilities, total?
- Turkey ranks 21st out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Turkey?
- Over the last ten years it is up 11,950.6%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.