Labor cost index in Turkey, March, 2020
For that indicator, we provide data for Turkey from Q1 2009 to Q1 2020. The average value for Turkey during that period was 105.82 index points with a minimum of 56.26 index points in Q2 2009 and a maximum of 221.43 index points in Q1 2020.
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* indicates monthly or quarterly data series
Measure: index points
Source: Turkish Statistical Institute(TurkStat)
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.