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 October 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. In the long-term, the Turkey Gross Minimum Monthly Wage is projected to trend around 4250.00 TRY/Month in 2022 and 4890.00 TRY/Month in 2023, according to our econometric models.