The unemployment rate in Turkey rose to 13.4 percent in February of 2021 from an upwardly revised 12.7 percent in the previous month, the highest jobless rate since July of 2020. Non-agricultural unemployment also increased to 15.3 percent from 13.6 percent. The number of unemployed increased by 250 thousand to 4.236 million while those employed decreased by 22 thousand to 27.477 million with job losses registered mainly in industry and agriculture. Meanwhile, the youth jobless rate for those aged between 15-24 years went up to 26.9 percent from 26.5 percent in the prior month. source: Turkish Statistical Institute
Unemployment Rate in Turkey averaged 10.54 percent from 2005 until 2021, reaching an all time high of 14.40 percent in July of 2020 and a record low of 8 percent in June of 2012. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Unemployment Rate in Turkey is expected to be 14.50 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 13.40 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 12.90 percent in 2022 and 12.00 percent in 2023, according to our econometric models.