Minimum Wages in Turkey increased to 6471 TRY/Month in the fourth quarter of 2022 from 5004 TRY/Month in the second quarter of 2022. source: Ministry of Labor and Social Security

Minimum Wages in Turkey averaged 944.28 TRY/Month from 1990 until 2022, reaching an all time high of 6471 TRY/Month in the fourth quarter of 2022 and a record low of 1.50 TRY/Month in the fourth quarter of 1992. This page provides the latest reported value for - Turkey Minimum Monthly Wage - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Gross Minimum Monthly Wage - values, historical data and charts - was last updated on November of 2022.

Minimum Wages in Turkey is expected to be 5008.50 TRY/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Gross Minimum Monthly Wage is projected to trend around 6700.00 TRY/Month in 2023 and 7600.00 TRY/Month in 2024, according to our econometric models.

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Turkey Gross Minimum Monthly Wage

Related Last Previous Unit Reference
Minimum Wages 6471.00 5004.00 TRY/Month Dec 2022
Retirement Age Women 58.00 58.00 Dec 2022
Retirement Age Men 60.00 60.00 Dec 2022

Turkey Gross Minimum Monthly Wage
In Turkey, minimum monthly wage refers to national minimum wage, which is fixed at an hourly, weekly or monthly rate and it is enforced by law (the government). The national minimum wage usually applies to all employees, or at least to a large majority of employees in the country. More than one third of Turkey's 30 million-strong labour force is paid the minimum wage. Gross wages are reported.
Actual Previous Highest Lowest Dates Unit Frequency
6471.00 5004.00 6471.00 1.50 1990 - 2022 TRY/Month Quarterly