Deutsche Bank: Turkey Is the World's Most Expensive Country for iPhone 17 Pro

A 41-economy global pricing study prepared by Deutsche Bank analysts Jim Reid and Galina Pozdnyakova has found that Turkey is the most expensive country in the world for the iPhone 17 Pro (256 GB), according to reporting by Sözcü Gazetesi.

The same phone that costs $2,592 in Turkey goes for $1,181 in the United States — meaning Turkish consumers pay more than double what their American counterparts do. Brazil follows Turkey in the ranking at $2,260, followed by Egypt at $1,872. Japan ranks among the cheapest countries on the list, benefiting from a weak yen and low taxes.

The report uses the Apple product as a global price thermometer: the iPhone, manufactured to identical standards worldwide, measures how countries' currency policies and tax burdens are passed directly on to consumers. The price gap in Turkey stems from two fundamental sources: the lira's depreciation against the dollar and high import tariffs.

This disparity points to a tangible inequality for Turkish households: a minimum-wage worker would need to set aside five months of net pay just to buy the phone. Turkey ranked high in the same study last year; however, the dollar-based gap widened even further for the 2025 model.