Unemployment in Turkey

Turkey Unemployment | Economic News & Forecasts

Turkey - Unemployment

The economy should have grown at a robust, albeit softer, annual pace in the third quarter. Industrial output cooled markedly on average in the quarter, but remained solid, with the sector supported by resilient goods export growth. Meanwhile, business confidence turned more optimistic in the quarter and the manufacturing PMI averaged higher, suggesting solid private-sector activity. Moreover, retail sales growth moderated, but remained elevated on average in the quarter, chiefly thanks to a tighter labor market as price pressures continued to build. Turning to Q4, the economic backdrop has darkened notably in recent weeks as the country has seemingly entered the beginnings of a currency crisis. The lira nosedived after another cut to the one-week repo rate in mid-November, which will further stoke price pressures. As a result, consumer sentiment dropped to a record low in November.

Turkey - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate10.3  10.9  10.9  11.0  13.7  

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Turkey Unemployment Chart

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

Turkey Facts

Value Change Date
Bond Yield12.00-0.09 %Dec 31
Exchange Rate5.95-0.85 %Jan 01

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