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SCMPChina-EU trade, Xi touts ‘global influence’, Nato summit·Economic TimesWorld food prices ease for second month in June·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·Economic TimesSensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains·SCMPAustralia expects to gain extra US$26 billion from exports after Iran war raises prices·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·SCMPChina-EU trade, Xi touts ‘global influence’, Nato summit·Economic TimesWorld food prices ease for second month in June·Bank of JapanOutput Gap, Potential Growth Rate, and Labor Market Indicators·Economic TimesSensex jumps 262 points, Nifty closes above 24,270. 7 key factors behind today's D-Street gains·SCMPAustralia expects to gain extra US$26 billion from exports after Iran war raises prices·NYTLatest Jobs Report Shows Labor Market Is Not a Source of Inflationary Pressure·NYTWhy the Jobs Market Has Wall Street and Washington on Edge·Bank of JapanJapanese Government Bonds Held by the Bank of Japan·
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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
42.4

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: 2026-07-03

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

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