Turkey's unemployment rate increased to 13.5 percent in December 2018 from 10.4 percent in the same month of the previous year, as the number of unemployed went up 1.01 million to 4.30 million and employment decreased 633 thousand to 27.66 million. The participation rate was unchanged at 52.4 percent in December and the employment rate went down to 45.4 percent from 46.9 percent. Unemployment Rate in Turkey averaged 10.12 percent from 2005 until 2018, 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.
Unemployment Rate in Turkey is expected to be 11.70 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 12.50 in 12 months time. In the long-term, the Turkey Unemployment Rate is projected to trend around 11.40 percent in 2020, according to our econometric models.