NEWS ECONOMY NEWS        26/03/2020

Istanbul plunges 26 places to 79th place on the Global Financial Centres Index

Istanbul has plunged 26 places to 79 on edition 27 of the Global Financial Centres Index published in March 2020. Istanbul was previously on place 53 in the 26th edition prepared in September 2019.  In this March 2020 edition, Istanbul’s overall rating was 641 points. The index covers a total of 108 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 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       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 increases to 19.89% in October 2021       Turkey’s official unemployment rate falls to 11.5% in September 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020