Turkey’s unemployment rate fell to 14.1 percent in the February-April 2019 period from 10.1 percent in the same period of the previous year. The number of unemployed people rose by 1.334 million from a year ago to 4.544 million while employment dropped by 704 thousand to 27.795 million. Unemployment Rate in Turkey averaged 10.19 percent from 2005 until 2019, reaching an all time high of 14.80 percent in February of 2009 and a record low of 7.30 percent in June of 2012.
Unemployment Rate in Turkey is expected to be 14.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Turkey to stand at 15.10 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 12.90 percent in 2020, according to our econometric models.