Turkey's monthly gross minimum wage will be 10,008 lira ($535.98) in 2023, President Tayyip Erdogan announced on December 22nd. The monthly net minimum salary will be 8,500 liras ($455), marking a 50% increase from the level determined in July and a 94% hike from January. The move aims to offset a cost-of-living crisis as the inflation rate stands at 84.4% after the CMB slashed its key rate by 1000 bps since September 2021 demanded by President Erdogan and the lira lost more than half of its value. source: Ministry of Labor and Social Security

Minimum Wages in Turkey averaged 1085.90 TRY/Month from 1990 until 2023, reaching an all time high of 10008.00 TRY/Month in the second quarter of 2023 and a record low of 1.50 TRY/Month in the fourth quarter of 1992. This page provides the latest reported value for - Turkey Minimum Monthly Wage - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Gross Minimum Monthly Wage - values, historical data and charts - was last updated on February of 2023.

Minimum Wages in Turkey is expected to be 6471.00 TRY/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Gross Minimum Monthly Wage is projected to trend around 12500.00 TRY/Month in 2023 and 15000.00 TRY/Month in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Turkey Gross Minimum Monthly Wage



Related Last Previous Unit Reference
Minimum Wages 10008.00 6471.00 TRY/Month Jun 2023
Retirement Age Women 58.00 58.00 Years Dec 2022
Retirement Age Men 60.00 60.00 Years Dec 2022

Turkey Gross Minimum Monthly Wage
In Turkey, minimum monthly wage refers to national minimum wage, which is fixed at an hourly, weekly or monthly rate and it is enforced by law (the government). The national minimum wage usually applies to all employees, or at least to a large majority of employees in the country. More than one third of Turkey's 30 million-strong labour force is paid the minimum wage. Gross wages are reported.
Actual Previous Highest Lowest Dates Unit Frequency
10008.00 6471.00 10008.00 1.50 1990 - 2023 TRY/Month Quarterly