Total EXTERNAL DEBT is debt owed to nonresidents repayable in currency, goods, or services.
Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.
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Turkiye’s external debt for 2022 was $458 billion.
Turkey GNI-Gross National Income (previously called GNP) for 2022 was $903 billion.
Turkey’s 2022 External debt to GNI Ratio: $458 billion/$903 billion = 50.7%
Turkey’s 2022 Total Debt Service [debt payments made] (% of GNI): 7.7%.
Turkey’s 2022 amount of debt payments made: 7.7% x $903 billion = $69.5 billion.