Figure accounts for 56.9% of Turkey’s gross domestic product as of March 31, according to Treasury and Finance Ministry
Turkey’s gross external debt stock reached $431 billion at the end of March, the country’s Treasury and Finance Ministry announced Tuesday.
The March figure was 56.9% of the country’s gross domestic product (GDP), the ministry said in a statement.
The country’s net foreign debt hit $256.5 billion as of March 31, accounting for 33.8% of its GDP.
Treasury-guaranteed foreign debt stock totaled $14.2 billion as of end-March, the data showed.
EU-defined general government debt stock was some 1.55 trillion Turkish liras ($235 billion), or 35.1% of GDP at the end of March.
The public net debt stock reached 782.2 billion Turkish liras ($118 billion) in the same period.