Living Wage Family in Turkey increased to 3190 TRY/Month in 2018 from 3070 TRY/Month in 2017.

Living Wage Family in Turkey averaged 3050 TRY/Month from 2015 until 2018, reaching an all time high of 3190 TRY/Month in 2018 and a record low of 2970 TRY/Month in 2016. Turkey Living Wage Family - values, historical data and charts - was last updated on June of 2020.

Living Wage Family in Turkey is expected to reach 2800.00 TRY/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Living Wage Family is projected to trend around 2900.00 TRY/Month in 2021 and 3200.00 TRY/Month in 2022, according to our econometric models.

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Turkey Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
3190.00 3070.00 3190.00 2970.00 2015 - 2018 TRY/Month yearly

Turkey Labour Last Previous Highest Lowest Unit
Unemployment Rate 13.60 13.80 14.80 7.30 percent [+]
Employed Persons 26753.00 27266.00 29318.00 18493.00 Thousand [+]
Unemployed Persons 4228.00 4362.00 4730.00 1773.00 Thousand [+]
Labor Force Participation Rate 50.70 51.80 53.50 43.90 percent [+]
Long Term Unemployment Rate 3.60 3.40 3.60 1.60 percent [+]
Youth Unemployment Rate 24.40 24.50 28.60 11.00 percent [+]
Labour Costs 221.43 197.80 221.43 56.26 points [+]
Minimum Wages 2943.00 2943.00 2943.00 1.50 TRY/Month [+]
Wages in Manufacturing 221.98 205.81 221.98 25.97 points [+]
Population 83.15 82.00 83.15 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 [+]
Wages High Skilled 2830.00 2830.00 2830.00 2830.00 TRY/Month [+]
Wages Low Skilled 1380.00 1380.00 1380.00 1380.00 TRY/Month [+]
Part Time Employment 2779.80 2407.60 3084.10 1309.60 Thousand [+]
Living Wage Family 3190.00 3070.00 3190.00 2970.00 TRY/Month [+]
Living Wage Individual 1930.00 1820.00 1930.00 1750.00 TRY/Month [+]
Employment Rate 44.30 45.30 47.90 38.90 percent [+]
Full Time Employment 24516.50 25244.20 25938.10 16911.50 Thousand [+]


Turkey Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.