Labour Costs in Turkey increased to 268.49 points in the second quarter of 2021 from 256.60 points in the first quarter of 2021. source: Turkish Statistical Institute

Labour Costs in Turkey averaged 114.25 points from 2007 until 2021, reaching an all time high of 268.49 points in the second quarter of 2021 and a record low of 56.26 points in the second quarter of 2009. This page provides - Turkey Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Turkey Hourly Labour Costs - values, historical data and charts - was last updated on September of 2021.

Labour Costs in Turkey is expected to be 275.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Hourly Labour Costs is projected to trend around 302.00 points in 2022 and 330.00 points in 2023, according to our econometric models.

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Turkey Hourly Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
268.49 256.60 268.49 56.26 2007 - 2021 points Quarterly
NSA, 2015=100

Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.00 10.60 14.40 8.00 percent [+]
Employed Persons 28730.00 28605.00 28965.00 19349.00 Thousand [+]
Unemployed Persons 3902.00 3396.00 4591.00 1909.00 Thousand [+]
Labor Force Participation Rate 51.20 50.30 53.70 43.90 percent [+]
Long Term Unemployment Rate 3.50 3.30 3.60 1.60 percent [+]
Youth Unemployment Rate 23.10 23.10 28.60 11.00 percent [+]
Labour Costs 268.49 256.60 268.49 56.26 points [+]
Wages 3960.00 2207.00 3960.00 1103.00 TRY/Month [+]
Wages in Manufacturing 297.18 275.39 297.18 25.97 points [+]
Minimum Wages 3577.50 3577.50 3577.50 1.50 TRY/Month [+]
Population 83.61 83.15 83.61 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 3297.30 2993.00 3297.30 1309.60 Thousand [+]
Employment Rate 45.10 44.90 47.70 38.90 percent [+]
Full Time Employment 23012.00 23787.20 25938.10 16911.50 Thousand [+]