Turkey

Turkish Lira (TRY)

Moderate
Risk

#42

of 171

Riskier

than 76% of currencies

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

44.5

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

Amount saved (TRY)

₺

Time horizon

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: 2026-10-02

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

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