Türkiye's Treasury and Finance Minister Mehmet Şimşek has assessed the country's latest debt indicators, emphasizing that relatively low debt levels remain an important factor strengthening the economy's resilience against global risks.
According to figures shared by Şimşek, the combined debt of the public sector, financial sector, private sector and households amounts to 91% of Türkiye's national income.
The figure remains significantly below international averages. The average total debt-to-GDP ratio stands at approximately 229% in emerging economies and 306% globally.
Şimşek said Türkiye's comparatively low level of indebtedness provides the economy with greater flexibility in dealing with challenging global economic conditions and potential external shocks.
The minister also highlighted Türkiye's public debt figures, saying the public debt-to-GDP ratio declined to 23.1% in the first quarter of 2026, reaching what he described as a historic low.
Türkiye's gross external debt stock was also reported at $539 billion for the second quarter. Şimşek said the country's gross external debt-to-GDP ratio is expected to remain broadly stable at 31.8%.
The figures underline the significant gap between Türkiye's overall debt burden and global averages, particularly when public, corporate, financial-sector and household debt are considered together.
Şimşek stressed that maintaining relatively low debt levels gives Türkiye additional room to maneuver at a time when the global economy continues to face uncertainty and challenging financial conditions.
"Low indebtedness provides our economy with significant flexibility in navigating challenging global conditions," Şimşek said in his assessment.