NEWS ECONOMY NEWS        25/09/2020

Istanbul moves up 15 places to 64th place on the Global Financial Centres Index

Istanbul has moved up 15 places to 64 on edition 28 of the Global Financial Centres Index published in September 2020. Istanbul was previously on place 79 in the 27th edition prepared in March 2020.  In this September 2020 edition, Istanbul’s overall rating was 595 points. The index covers a total of 111 financial centres.


The GFCI provides evaluations of competitiveness and rankings for the major financial centres around the world. It is produced through the collaboration between the China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London. The GFCI is updated every March and September and receives considerable attention from the global financial community. The index serves as a valuable reference for policy and investment decisions.


Click here to see the Index




Turkey’s net minimum wage has been raised 50.52% to TL 4,253.40 (USD 319) as of 01.01.2022       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate rises further to 69.97% in April 2022       Turkey’s official unemployment rate jumps to 11.5% in March 2022       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 84,680,273 as of 2021 yearend       Foreigners visiting Turkey in 2021 increase by 94.1% to 24.7 million       Turkey’s private sector foreign debt is USD 169.4 billion as of 2021 yearend       Turkey’s economy grew 11% in 2021       Foreign Direct Investment to Turkey in 2021 was USD 14 billion       Turkey’s current account records a deficit of USD 14 billion in 2021