In 1875, it was estimated that the Ottomans owed 224.5 million British Pounds (equivalent to £21,654,285,714 in 2019). But the entire income of the Empire had been a mere 21.7 million British pounds (equivalent to £2,190,666,667 in 2019).

[8]

In December 1881, the debt was reduced from £191,000,000 to £106,000,000 with the government's concessions to the .

OPDA

In 1909 it was reported that 90% of the debt was paid.

The actual size and scale of the Ottoman debt was difficult to calculate in the 19th century, and European creditors found themselves at a knowledge deficit. Amounts are thus subject to potential error.[8]


Ottoman Empire


Republic of Turkey

Ottoman Public Debt Administration

Great Eastern Crisis