71
Turkey
Q4 2021
Total Labor Force (000s)
31,984
Employed Workers (000s) 28,306
Unemployed Workers (000s) 3,678
Unemployment Rate 11.5%
27,875
28,049
27,558
28,090
28,306
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
14.0%
13.6%
13.2%
13.1%
11.5%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
66% - First Vaccine Dose
(December 2021)
Covid Update
All school staff who have
not been vaccinated will
require twice weekly
Covid tests.
Entertainment venues and
travel will be restricted to
vaccinated people or
those who have tested
negative.
23%
20%
18%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
Turkey Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$985
$871 $5.24
$0
$5
$10
$15
$0
$2,500
$5,000
$7,500
Average Wage Manufacturing
Wage
Minimum Wage
Turkey Regional Average
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
Hiring Demand Trend by Experience Level
TalentNeuron
Year on year inflation is at 21%.
Significant devaluing of the Turkish Lira.
Turkey has just announced a 50% minimum wage increase for 2022. Approximately 6
million workers earn minimum wage.
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://ec.europa.eu/eurostat
https://data.tuik.gov.tr/
