Turkiye vs Egypt
Two sovereigns, nine shared metrics, one spread gap.
Head to head
| Turkiye | Egypt | |
|---|---|---|
| BT-SFS score | 46.9 | 33.5 |
| Composite rating | BB− | B− |
| Fiscal pillar | 71.5 | 34.0 |
| External pillar | 39.7 | 30.9 |
| Macro pillar | 46.7 | 54.8 |
| Institutions pillar | 25.0 | 18.8 |
| Benchmark bond | TURKEY 9.375 33 | EGYPT 9.45 33 |
| Spread over Treasuries | 258 bps | 323 bps |
| Yield to worst | 6.73% | 7.38% |
| Duration | 4.8y | 4.8y |
Metric by metric
| Metric | Turkiye | Egypt |
|---|---|---|
| Current account / GDP | -2.8% (33.3) | -4.2% (18.8) |
| International reserves, months of imports | 4.7 mo (44.4) | 4.5 mo (40.0) |
| General government debt / GDP | 25.5% (95.8) | 87.0% (16.7) |
| Interest expense / revenue | 10.2% (58.3) | 88.4% (0.0) |
| Primary balance / GDP | -0.3% (58.3) | 2.6% (93.8) |
| WGI institutional composite | -0.49 (25.0) | -0.56 (18.8) |
| Real GDP growth | 3.4% (54.2) | 4.2% (78.1) |
| GDP per capita, USD | $19,018 (72.9) | $3,904 (18.8) |
| Inflation stress | 28.6% (21.4) | 13.2% (64.3) |
Frequently asked questions
Who has stronger fundamentals, Turkiye or Egypt?
Turkiye scores higher on the BT Sovereign Fundamentals Score: 46.9 (Turkiye) vs 33.5 (Egypt), a gap of 13.4 points.
Whose USD bonds trade wider, Turkiye or Egypt?
Egypt trades wider: 258 bps (Turkiye) vs 323 bps (Egypt) over US Treasuries — a 65 bps gap on near-5-year USD benchmarks.
Related
- Turkiye — full Turkiye profile: pillars, metrics, history.
- Egypt — full Egypt profile: pillars, metrics, history.
- All sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — how the scores are built.