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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Central Government Debt (% of GDP) fell to 26.62 Percent in December 2024
World BankYearlyReleased December 2024
Turkey Central Government Debt (% of GDP) fell to 26.62 Percent in December 2024, down 6.64 Percent from November's 33.25 Percent reading.
Latest Release
26.619234
Actual
—
Consensus
33.254836
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/TRY | ▼ Inverse | −0.50 | FOREX | Bullish TRY | → View |
| EUR/TRY | ▼ Inverse | −0.45 | FOREX | Bullish TRY | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Central Government Debt (% of GDP) (Turkey) was reported at 26.62 Percent in December 2024. The reading fell from the previous value of 33.25 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 31.73 Percent, down from the prior three at 38.71 Percent.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/TRY (Bullish TRY). A secondary relationship exists with EUR/TRY, negatively correlated (Bullish TRY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (Jun 19) and Consumer Confidence (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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Central Government Debt (% of GDP) - TR
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About Central Government Debt (% of GDP) — Turkey
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/TRY (Bullish TRY, r=-0.50) — a useful reference for forex-focused traders.