Turkey's government raised the gross minimum wage by 21.6 percent to TRY 3,577.5 per month in 2021, while the monthly net wage increased about 16% to TRY 2,825. Turkey’s central bank has an inflation forecast of 12.1% for 2020 and 9.4% for 2021. source: Ministry of Labor and Social Security

Minimum Wages in Turkey averaged 787.13 TRY/Month from 1990 until 2021, reaching an all time high of 3577.50 TRY/Month in the second quarter of 2021 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 August of 2021.

Minimum Wages in Turkey is expected to be 3577.50 TRY/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Turkey to stand at 4250.00 in 12 months time. In the long-term, the Turkey Gross Minimum Monthly Wage is projected to trend around 4250.00 TRY/Month in 2022 and 4890.00 TRY/Month in 2023, according to our econometric models.

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Turkey Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
3577.50 3577.50 3577.50 1.50 1990 - 2021 TRY/Month Quarterly

Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.20 13.80 14.40 8.00 percent [+]
Employed Persons 27844.00 28056.00 28965.00 19349.00 Thousand [+]
Unemployed Persons 4237.00 4511.00 4591.00 1909.00 Thousand [+]
Labor Force Participation Rate 50.50 51.30 53.70 43.90 percent [+]
Long Term Unemployment Rate 3.50 3.30 3.60 1.60 percent [+]
Youth Unemployment Rate 24.00 26.00 28.60 11.00 percent [+]
Labour Costs 256.18 221.93 256.50 56.26 points [+]
Wages 3960.00 2207.00 3960.00 1103.00 TRY/Month [+]
Wages in Manufacturing 275.03 243.77 275.03 25.97 points [+]
Minimum Wages 3577.50 3577.50 3577.50 1.50 TRY/Month [+]
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 [+]
Part Time Employment 3297.30 2993.00 3297.30 1309.60 Thousand [+]
Employment Rate 43.80 44.20 47.70 38.90 percent [+]
Full Time Employment 23012.00 23787.20 25938.10 16911.50 Thousand [+]


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.