The unemployment rate in Turkey dropped to 13.6 percent in February 2020 from 14.7 percent in the corresponding month of the previous year, as the number of unemployed went down by 502 thousand to 4.228 million. Meantime, employment fell by 602 thousand to 26.753 million, with job losses recorded mainly in agriculture, construction and services. The labour force participation rate declined to 49.9 percent from 52.5 percent a year earlier and the employment rate decreased to 43.1 percent from 44.8 percent.
Unemployment Rate in Turkey averaged 10.39 percent from 2005 until 2020, reaching an all time high of 14.80 percent in February of 2009 and a record low of 7.30 percent in June of 2012. This page provides the latest reported value for - Turkey Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Turkish Statistical Institute
Unemployment Rate in Turkey is expected to be 15.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Turkey to stand at 17.50 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 15.70 percent in 2021 and 12.90 percent in 2022, according to our econometric models.