The gross minimum wage in Turkey increased to TRY 2558.4 per month in 2019 from TRY 2029.5 per month in 2018. Also, the net minimum wage rose 26 percent to TRY 2020.90 per month from TRY 1603.12 per month in the previous year. Minimum Wages in Turkey averaged 613.58 TRY/Month from 1990 until 2019, reaching an all time high of 2558.40 TRY/Month in the second quarter of 2019 and a record low of 1.50 TRY/Month in the fourth quarter of 1992.
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 2558.40 in 12 months time. In the long-term, the Turkey Gross Minimum Monthly Wage is projected to trend around 3480.00 TRY/Month in 2020, according to our econometric models.