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 February 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 3577.50 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, 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.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
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 12.90 12.70 14.80 7.30 percent [+]
Employed Persons 27066.00 27447.00 29318.00 18493.00 Thousand [+]
Unemployed Persons 4005.00 4005.00 4730.00 1773.00 Thousand [+]
Labor Force Participation Rate 49.40 49.50 53.60 43.90 percent [+]
Long Term Unemployment Rate 3.30 2.80 3.60 1.60 percent [+]
Youth Unemployment Rate 24.90 24.30 28.60 11.00 percent [+]
Labour Costs 222.13 256.43 256.43 56.26 points [+]
Minimum Wages 3577.50 3577.50 3577.50 1.50 TRY/Month [+]
Wages in Manufacturing 225.36 182.69 225.36 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 2993.00 2993.70 3084.10 1309.60 Thousand [+]
Employment Rate 43.10 43.20 48.00 38.90 percent [+]
Full Time Employment 23787.20 22138.90 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.