Turkey’s external gross debt stock amounted to $448.4 billion in the first quarter of 2021, the country’s Treasury and Finance Ministry reported on Wednesday.

Stocks to the country’s gross domestic product (GDP) ratio stood at 61.5% in the last quarter, the ministry said in a statement.

The figure was $431.3 billion over the same period in 2020.

Turkey’s net foreign debt totaled $262.1 billion as of the first quarter of 2021, some 36% of GDP.

Meanwhile, Treasury-guaranteed foreign debt stock reached $14.8 billion in the same period.

Data showed that the EU-defined general government debt stock of the country was nearly 2.1 trillion Turkish liras ($249 billion), or 40.4% of the GDP as of end-2020.

The public net debt stock amounted to over 1 trillion Turkish liras ($120 billion) in the same period.

Copyright 2022 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.