Turkey: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 126.25
 Reference Q4 2023
 Measure index points
 Data availability Q1 2009 - Q4 2023
 Average 96.34
 Min - Max 59.35 - 127.6
 Source Turkish Statistical Institute(TurkStat)
For that indicator, we provide data for Turkey from Q1 2009 to Q4 2023. The average value for Turkey during that period was 96.34 index points with a minimum of 59.35 index points in Q1 2009 and a maximum of 127.6 index points in Q3 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series

Recent values chart
Turkey - Labor cost - recent values

Historical chart
Turkey - Labor cost - historical chart - 2009-2023
Measure: index points
Source: Turkish Statistical Institute(TurkStat)

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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest value Reference Measure
 Labor force 34.28 2022 million people
 Unemployment rate 10.43 2022 percent
 Female unemployment 12.72 2022 percent
 Male unemployment 8.73 2022 percent
 Youth unemployment 17.91 2023 percent
 Labor force participation 53.37 2023 percent
 Labor force: percent female 32.67 2022 percent
 Female labor force participation 35.35 2023 percent
 Male labor force participation 71.57 2023 percent
 Self-employment 29.73 2022 percent
 Informal employment 31.40 2020 percent
 Employment 32.19 9/2023 million employed people
 Unemployment rate 8.90 9/2023 percent
 Labor cost 127.60 Q3/2023 index points
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