Turkey: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 12339.37 billion Turkish Lira as of December 2024, an increase compared to the previous value of 11923.17 billion Turkish Lira. Historically, the average for Turkey from December 2002 to December 2024 is 1849.89 billion Turkish Lira. The minimum of 29 billion Turkish Lira was recorded in December 2002, while the maximum of 12339.37 billion Turkish Lira was reached in December 2024.
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* indicates monthly or quarterly data series
- Measure: billion Turkish Lira
- Source: Central Bank of the Republic of Turkey
| Recent values | Turkey: Private sector credit, billion currency units |
|---|---|
| 2024 Dec | 12339.37 |
| 2024 Nov | 11923.17 |
| 2024 Oct | 11685.65 |
| 2024 Sep | 11550.68 |
| 2024 Aug | 11250.42 |
| 2024 Jul | 10903.81 |
| 2024 Jun | 10687.64 |
| 2024 May | 10457.81 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 53.9 | 2023 | percent |
| Exchange rate regimes | 5 | 2022 | index points |
| USD exchange rate | 36.1448 | 2/2025 | Local Currency Units per USD |
| Money supply (broad money) | 17,500.66 | 12/2024 | billion |
| Consumer Price Index (CPI) | 1,106.4100 | 2/2025 | index points |
| Inflation, monthly | 2.28 | 2/2025 | percent |
| Inflation, annual | 39.10 | 2/2025 | percent |
| Private sector credit | 12,339.37 | 12/2024 | billion |
| Business credit | 8,570.94 | 12/2024 | billion |
| Household credit | 3,768.43 | 12/2024 | billion |
| Mortgage credit | 462.83 | 12/2024 | billion |
| Consumer credit | 3,305.60 | 12/2024 | billion |
| Deposit interest rate | 48.35 | 12/2024 | percent |
| Business credit interest rate | 59.60 | 12/2024 | percent |
| Mortgage credit interest rate | 40.87 | 12/2024 | percent |
| Policy rate | 45.00 | 1/2025 | percent |
| Household debt to GDP | 9.70 | 6/2024 | percent |
| Debt service ratios for private non-financial sector | 35.40 | Q2/2024 | percent |