Unemployment in Turkey

Turkey Unemployment | Economic News & Forecasts

Turkey - Unemployment

The economy is expected to have shrunk again in the second quarter. On an annual basis, industrial output continued to fall in April and May, albeit at a more moderate pace than in Q1 amid a softer contraction in manufacturing production. The manufacturing PMI, meanwhile, remained entrenched in contractionary territory through the quarter despite reaching a near one-year high in June. Furthermore, retail sales fell at a sharper pace in April–May than in Q1. This came amid ongoing currency weakness; frail consumer credit growth; and still-elevated inflationary pressures in the quarter. More positively, the current account balance has improved notably in annual terms so far this year, although this is due to meek domestic demand and a shaky lira. Meanwhile, geopolitical tensions with the U.S. and EU resurfaced in recent weeks, which could shake an already rocky economy.

Turkey - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate9.0  9.9  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 Yield14.91-0.09 %Jul 31
Exchange Rate5.59-0.85 %Jul 31
Stock Market102,0821.41 %Jul 31

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