Labour Costs in Turkey increased to 221.43 points in the first quarter of 2020 from 197.80 points in the fourth quarter of 2019.

Labour Costs in Turkey averaged 101.84 points from 2007 until 2020, reaching an all time high of 221.43 points in the first quarter of 2020 and a record low of 56.26 points in the second quarter of 2009. This page provides - Turkey Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Hourly Labour Costs - values, historical data and charts - was last updated on August of 2020. source: Turkish Statistical Institute

Labour Costs in Turkey is expected to be 191.00 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 192.00 in 12 months time. In the long-term, the Turkey Hourly Labour Costs is projected to trend around 202.00 points in 2021 and 210.00 points in 2022, according to our econometric models.

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Turkey Hourly Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
221.43 197.80 221.43 56.26 2007 - 2020 points Quarterly
NSA, 2015=100

Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.80 13.20 14.80 7.30 percent [+]
Employed Persons 25614.00 26133.00 29318.00 18493.00 Thousand [+]
Unemployed Persons 3775.00 3971.00 4730.00 1773.00 Thousand [+]
Labor Force Participation Rate 47.50 49.00 53.50 43.90 percent [+]
Long Term Unemployment Rate 3.60 3.40 3.60 1.60 percent [+]
Youth Unemployment Rate 24.40 24.60 28.60 11.00 percent [+]
Labour Costs 221.43 197.80 221.43 56.26 points [+]
Minimum Wages 2943.00 2943.00 2943.00 1.50 TRY/Month [+]
Wages in Manufacturing 221.98 205.81 221.98 25.97 points [+]
Population 83.15 82.00 83.15 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 [+]
Part Time Employment 2779.80 2407.60 3084.10 1309.60 Thousand [+]
Employment Rate 41.00 42.60 47.90 38.90 percent [+]
Full Time Employment 24516.50 25244.20 25938.10 16911.50 Thousand [+]