Turkey’s external gross debt stock amounted to $450 billion as of end-2020, the country’s Treasury and Finance Ministry reported on Wednesday.

Stocks to the country’s gross domestic product (GDP) ratio stood at 62.8% at the end of last year, the ministry said in a statement.

Last year’s figure was up from $436.9 billion at the end of 2019.

Turkey’s net foreign debt totaled $268.9 billion as of Dec. 31, 2020, some 37.5% of the 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 trillion Turkish liras ($268 billion), or 39.5% of the GDP as of end-2020.

The public net debt stock amounted to 967.6 billion Turkish liras ($130.2 billion) in the same period.

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