As of 1 January 2018, the gross minimum wage in Turkey has increased to 2029.5 TRY/Month from 1777.5 TRY/Month in 2017. Also, the net minimum wage rose to 1603.12 TRY/Month from 1404.06 TRY/Month in the previous year. Minimum Wages in Turkey averaged 542.86 TRY/Month from 1990 until 2018, reaching an all time high of 2029.50 TRY/Month in the second quarter of 2018 and a record low of 1.50 TRY/Month in the fourth quarter of 1992.
Minimum Wages in Turkey is expected to be 2030.00 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 2183.88 in 12 months time. In the long-term, the Turkey Gross Minimum Monthly Wage is projected to trend around 2530.00 TRY/Month in 2020, according to our econometric models.