The gross minimum wage in Turkey will increase to TRY 2943.0 per month in 2020 from TRY 2558.4 per month in 2019. Also, the net minimum wage will rise 15 percent to TRY 2324.7 per month. Minimum Wages in Turkey averaged 692.54 TRY/Month from 1990 until 2020, reaching an all time high of 2943 TRY/Month in the second quarter of 2020 and a record low of 1.50 TRY/Month in the fourth quarter of 1992. source: Ministry of Labor and Social Security
Minimum Wages in Turkey is expected to be 2558.40 TRY/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Turkey to stand at 2943.00 in 12 months time. In the long-term, the Turkey Gross Minimum Monthly Wage is projected to trend around 3280.00 TRY/Month in 2020, according to our econometric models.