The gross minimum wage in Turkey will increase to TRY 2943.0 per month in 2020 from TRY 2558.4 per month in 2019. Also, the net minimum wage will rise 15 percent to TRY 2324.7 per month.

Minimum Wages in Turkey averaged 692.54 TRY/Month from 1990 until 2020, reaching an all time high of 2943 TRY/Month in the second quarter of 2020 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 2020. source: Ministry of Labor and Social Security

Minimum Wages in Turkey is expected to be 2943.00 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 3680.00 in 12 months time. In the long-term, the Turkey Gross Minimum Monthly Wage is projected to trend around 3680.00 TRY/Month in 2021 and 4250.00 TRY/Month in 2022, according to our econometric models.

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Turkey Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
2943.00 2943.00 2943.00 1.50 1990 - 2020 TRY/Month Quarterly

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 [+]


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.