Labour Costs in Turkey increased to 222.42 points in the fourth quarter of 2020 from 222.13 points in the third quarter of 2020. source: Turkish Statistical Institute

Labour Costs in Turkey averaged 108.96 points from 2007 until 2020, reaching an all time high of 256.43 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 May of 2021.

Labour Costs in Turkey is expected to be 232.00 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 222.00 in 12 months time. In the long-term, the Turkey Hourly Labour Costs is projected to trend around 228.00 points in 2022 and 236.00 points in 2023, according to our econometric models.

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Turkey Hourly Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
222.42 222.13 256.43 56.26 2007 - 2020 points Quarterly
NSA, 2015=100

Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.40 12.70 14.40 8.00 percent [+]
Employed Persons 27477.00 27499.00 28965.00 19349.00 Thousand [+]
Unemployed Persons 4236.00 3986.00 4591.00 1909.00 Thousand [+]
Labor Force Participation Rate 50.10 49.80 53.60 43.90 percent [+]
Long Term Unemployment Rate 3.30 2.80 3.60 1.60 percent [+]
Youth Unemployment Rate 26.90 26.50 28.60 11.00 percent [+]
Labour Costs 222.42 222.13 256.43 56.26 points [+]
Minimum Wages 3577.50 3577.50 3577.50 1.50 TRY/Month [+]
Wages in Manufacturing 243.96 225.36 243.96 25.97 points [+]
Population 83.61 83.15 83.61 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 [+]
Employment Rate 43.40 43.50 48.00 38.90 percent [+]
Full Time Employment 23012.00 23787.20 25938.10 16911.50 Thousand [+]
Part Time Employment 3297.30 2993.00 3297.30 1309.60 Thousand [+]