Türkiye: Interest payments (current LCU)

Key figures

What the numbers say

In 2024, Türkiye's interest payments (current LCU) rose 66.8% on 2023 (from 988.04 billion to 1.65 trillion).

Across the 30 yearly changes before that (1984 to 2023), the average change was +70.3% and a typical year strayed about 79.9% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 359.6% in 1997 and the biggest yearly fall was 14.8% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 147.68 billion a year. A straight line explains 69% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Türkiye had the 13th highest value of the 86 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Türkiye in the 2024 ranking

• Hungary — 9th of 86: 3.93 trillion
• Chile — 10th of 86: 3.55 trillion
• Costa Rica — 11th of 86: 2.37 trillion
• Malawi — 13th of 86: 1.43 trillion
• Mexico — 14th of 86: 1.3 trillion
• Mongolia — 15th of 86: 1.17 trillion

What this measures

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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 43 values

Interest payments (current LCU) in nearby economies

• Albania — 54.46 billion (2024)
• Armenia — 313.58 billion (2024)
• Austria — 6.94 billion (2024)
• Azerbaijan — 445.48 million (2024)
• Belarus — 3.31 billion (2024)
• Belgium — 10.62 billion (2024)
• Bosnia and Herzegovina — 488.61 million (2024)
• Bulgaria — 519.73 million (2024)
• Croatia — 1.26 billion (2023)
• Cyprus — 399.4 million (2024)
• Czechia — 104.72 billion (2024)

More public sector data for Türkiye

• Arms imports (SIPRI trend indicator values) — 381 million (2025)
• Military expenditure (current USD) — 29.99 billion (2025)
• Military expenditure (current LCU) — 1.19 trillion (2025)
• Military expenditure (% of GDP) — 1.91% (2025)
• Net investment in nonfinancial assets (current LCU) — 1.14 trillion (2024)
• Net investment in nonfinancial assets (% of GDP) — 2.55% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -1.41 trillion (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — -3.16% (2024)
• Grants and other revenue (current LCU) — 3.02 trillion (2024)
• Grants and other revenue (% of revenue)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Türkiye's interest payments (current LCU)?

1.65 trillion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 109.86 billion% from 1,500 in 1972 (49.23% a year on average, compounded). The highest value was 1.65 trillion in 2024 and the lowest 1,500 in 1972.

How does Türkiye rank?

13th highest of 86 economies with data for 2024.

Is the latest change in interest payments (current LCU) unusual for Türkiye?

In 2024, Türkiye's interest payments (current LCU) rose 66.8% on 2023 (from 988.04 billion to 1.65 trillion). Across the 30 yearly changes before that (1984 to 2023), the average change was +70.3% and a typical year strayed about 79.9% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.XPN.INTP.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.