News
BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·NYTG7 Finance Ministers Look to Contain Iran Economic Fallout·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·NYTG7 Finance Ministers Look to Contain Iran Economic Fallout·
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Turkey

Turkish Lira (TRY)

42
Moderate
Risk
#48
of 171
Riskier
than 72% of currencies
37
global avg score
$100
$1,000 in 5 years
Impact on Citizens

Citizens need to earn at least 60% on their money every year just to not get poorer. At 59% inflation, cash saved today loses half its value in about 1 year.See savings calculator ↓

Economic Indicators

Inflation Rate
58.5%
Debt to GDP
26.6%
GDP Growth
3.3%
Broad Money / GDP
43.5%

Banking & Stability

NPL Ratio
1.5%
Reserve Months
4.7
Current Account
-0.8%
FX Volatility
43.5

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

₺
Holding cash in TRY58.5% inflation
₺100−₺900 (90% purchasing power lost)
Your ₺1,000 buys 90% less in 5 years
What if you invested ₺1,000 instead? (5yr, in TRY terms)
USD-denominated assets gain an additional ~55.5%/yr from expected TRY depreciation vs USD
Hold USD Cash
₺8250
+₺7250
+52.5%/yr net in TRY
S&P 500
₺12.4k
+₺11.4k
range: ₺7470–₺19.7k
10% USD return + 55.5% FX · ±16% vol
Gold
₺11.7k
+₺10.7k
range: ₺5284–₺23.2k
8% USD return + 55.5% FX · ±24% vol
Bitcoin
₺19.2k
+₺18.2k
range: ₺3240–₺70.9k
25% USD return + 55.5% FX · ±54% vol

All values in TRY. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~55.5%/yr based on the inflation differential between Turkey (58.5%) 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: 2026-05-19

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

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