Turkey's government raised the gross minimum wage by 40 percent to TRY 5,008.5 per month in 2022 while the monthly net wage was increased 50 percent to TRY 4,250, the highest increase in 50 years amid a currency crash and inflation spike, President Tayyip Erdogan announced on December 16th 2021. source: Ministry of Labor and Social Security
Minimum Wages in Turkey averaged 921.14 TRY/Month from 1990 until 2022, reaching an all time high of 5008.50 TRY/Month in the second quarter of 2022 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 July of 2022.
Minimum Wages in Turkey is expected to be 5008.50 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 6700.00 TRY/Month in 2023 and 7600.00 TRY/Month in 2024, according to our econometric models.