Labour Costs in Turkey decreased to 162.85 Index Points in the fourth quarter of 2018 from 166.66 Index Points in the third quarter of 2018. Labour Costs in Turkey averaged 91.36 Index Points from 2007 until 2018, reaching an all time high of 166.66 Index Points in the third quarter of 2018 and a record low of 56.26 Index Points in the second quarter of 2009.

Labour Costs in Turkey is expected to be 165.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Turkey to stand at 185.00 in 12 months time. In the long-term, the Turkey Hourly Labour Costs is projected to trend around 215.00 Index Points in 2020, according to our econometric models.

Turkey Hourly Labour Costs
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Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.70 13.50 14.80 7.30 percent [+]
Employed Persons 27157.00 27655.00 29318.00 18493.00 Thousand [+]
Unemployed Persons 4668.00 4302.00 4668.00 1773.00 Thousand [+]
Labor Force Participation Rate 52.90 53.10 53.50 43.90 percent [+]
Long Term Unemployment Rate 2.50 2.30 3.20 1.60 percent [+]
Youth Unemployment Rate 26.70 24.50 28.60 11.00 percent [+]
Labour Costs 162.85 166.66 166.66 56.26 Index Points [+]
Minimum Wages 2558.40 2558.40 2558.40 1.50 TRY/Month [+]
Wages in Manufacturing 167.74 166.50 167.74 25.97 Index Points [+]
Population 80.81 79.81 80.81 28.23 Million [+]
Retirement Age Women 58.00 58.00 58.00 58.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Wages Low Skilled 1380.00 1380.00 1380.00 1380.00 TRY/Month [+]
Wages High Skilled 2830.00 2830.00 2830.00 2830.00 TRY/Month [+]
Part Time Employment 2500.70 2946.30 3084.10 1309.60 Thousand [+]
Living Wage Family 3190.00 3070.00 3190.00 2970.00 TRY/Month [+]
Living Wage Individual 1930.00 1820.00 1930.00 1750.00 TRY/Month [+]
Full Time Employment 25938.10 25328.80 25938.10 16911.50 Thousand [+]
Employment Rate 45.90 46.30 47.90 38.90 percent [+]


Turkey Hourly Labour Costs

This page provides - Turkey Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Hourly Labour Costs - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
162.85 166.66 166.66 56.26 2007 - 2018 Index Points Quarterly
NSA, 2015=100




Country Last Previous
Australia 103.60 Dec/18
Brazil 120.65 Feb/19
Canada 107.34 Dec/18
China 104.30 Mar/19
Euro Area 116.60 Dec/18
France 108.50 Dec/18
Germany 115.62 Dec/18
Italy 108.70 Dec/18
Mexico 86.40 Jan/19
Netherlands 108.30 Dec/18
Singapore 117.00 Dec/18
South Africa 154.00 Sep/18
South Korea 109.40 Sep/18
Spain 106.00 Dec/18
Turkey 162.85 Dec/18
United Kingdom 105.60 Dec/18
United States 109.78 Dec/18


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