Unemployment in Turkey

Turkey Unemployment | Economic News & Forecasts

Turkey - Unemployment

Incoming data for Q1 remains weak. Consumer sentiment fell again in February on a pessimistic outlook on the economy. Coupled with the softest growth in consumer credit in over 16 years in January, this bodes ill for household consumption in Q1. Moreover, business confidence stayed pessimistic and the manufacturing PMI remained entrenched in contractionary territory in February. This follows a likely weak outturn in Q4 2018. Private consumption suffered from high inflation and interest rates, as highlighted by the steepest retail sales contraction in December since current records began. Moreover, in the same month, the current account balance registered the first deficit in five months on lower goods exports. Against this backdrop, parliament recently granted President Erdogan emergency powers over the economy, in a move that raises governance risks given the higher concentration of power.

Turkey - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate9.1  10.0  10.3  10.9  10.9  

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Turkey Unemployment Chart


Turkey Unemployment
Note: Unemployment in % of active population.
Source: Statistical Institute.

Turkey Facts

ValueChangeDate
Bond Yield14.95-0.09 %Mar 11
Exchange Rate5.45-0.85 %Mar 11
Stock Market100,8501.41 %Mar 11

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