Labour Costs in Turkey decreased to 222.13 points in the third quarter of 2020 from 256.60 points in the second quarter of 2020. source: Turkish Statistical Institute

Labour Costs in Turkey averaged 106.85 points from 2007 until 2020, reaching an all time high of 256.60 points in the second 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 November of 2020.

Labour Costs in Turkey is expected to be 200.00 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 206.00 in 12 months time. In the long-term, the Turkey Hourly Labour Costs is projected to trend around 208.00 points in 2021 and 215.00 points in 2022, according to our econometric models.

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Turkey Hourly Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
222.13 256.60 256.60 56.26 2007 - 2020 points Quarterly
NSA, 2015=100

Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.20 13.40 14.80 7.30 percent [+]
Employed Persons 27554.00 27263.00 29318.00 18493.00 Thousand [+]
Unemployed Persons 4194.00 4227.00 4730.00 1773.00 Thousand [+]
Labor Force Participation Rate 49.50 49.30 53.50 43.90 percent [+]
Long Term Unemployment Rate 2.80 3.40 3.60 1.60 percent [+]
Youth Unemployment Rate 25.90 26.10 28.60 11.00 percent [+]
Labour Costs 222.13 256.60 256.60 56.26 points [+]
Minimum Wages 2943.00 2943.00 2943.00 1.50 TRY/Month [+]
Wages in Manufacturing 225.36 182.65 225.36 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 2993.70 3056.00 3084.10 1309.60 Thousand [+]
Employment Rate 43.00 42.60 47.90 38.90 percent [+]
Full Time Employment 22138.90 24516.50 25938.10 16911.50 Thousand [+]