News
Economic TimesICRA sees India GDP growth at 7% in Q1 FY27·GuardianUS gas prices reach highest ever recorded for August amid stalled talks with Iran·SCMPWill Russia’s plan for overland oil route be ‘game changer’ for India’s energy security?·SCMPEU plans most far-reaching sanctions on Russia in coming months·NYTWorker Pay Isn’t Keeping Up With Inflation Once Again·NYTJuly Retail Sales Notch Biggest Drop in Over a Year·NYTAmazon and Alphabet’s Profits Reveal Circular Nature of A.I. Boom·BBCUS says dozens of countries helped China dodge Trump's tariffs·Economic TimesICRA sees India GDP growth at 7% in Q1 FY27·GuardianUS gas prices reach highest ever recorded for August amid stalled talks with Iran·SCMPWill Russia’s plan for overland oil route be ‘game changer’ for India’s energy security?·SCMPEU plans most far-reaching sanctions on Russia in coming months·NYTWorker Pay Isn’t Keeping Up With Inflation Once Again·NYTJuly Retail Sales Notch Biggest Drop in Over a Year·NYTAmazon and Alphabet’s Profits Reveal Circular Nature of A.I. Boom·BBCUS says dozens of countries helped China dodge Trump's tariffs·
← Back to Intelligence Dashboard

Turkey

Turkish Lira (TRY)

41
Moderate
Risk
#44
of 171
Riskier
than 75% of currencies
36
global avg score
$224
$1,000 in 5 years
Impact on Citizens

Citizens need their money to grow at least 36.4% per year to not lose purchasing power. Every TRY 100 saved today will only buy 74 worth of goods next year.See savings calculator ↓

Economic Indicators

Inflation Rate
34.9%
Debt to GDP
26.6%
GDP Growth
3.6%
Broad Money / GDP
42.4%

Banking & Stability

NPL Ratio
1.7%
Reserve Months
4.7
Current Account
-0.8%
FX Volatility
43.3

Governance & Markets

Rule of Law
-0.3
Black Market Premium
0.0%
Capital Controls
28.7
Peg Fragility
Not available

Currency Structure

Global Currency Role
70.0
FX Regime
free float
Data Coverage
92.0%

Savings Impact Calculator

₺
Holding cash in TRY34.9% inflation
₺224−₺776 (78% purchasing power lost)
Your ₺1,000 buys 78% less in 5 years
What if you invested ₺1,000 instead? (5yr, in TRY terms)
USD-denominated assets gain an additional ~31.9%/yr from expected TRY depreciation vs USD
Hold USD Cash
₺3556
+₺2556
+28.9%/yr net in TRY
S&P 500
₺5749
+₺4749
range: ₺3161–₺9810
10% USD return + 31.9% FX · ±16% vol
Gold
₺5355
+₺4355
range: ₺2090–₺11.8k
8% USD return + 31.9% FX · ±24% vol
Bitcoin
₺9503
+₺8503
range: ₺1153–₺41.7k
25% USD return + 31.9% FX · ±54% vol

All values in TRY. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~31.9%/yr based on the inflation differential between Turkey (34.9%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Data last updated: 2026-08-17

Note: World Bank does not cover this country directly. Data sourced from national statistics and IMF estimates.

Intelligence Dashboard →