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.