Turkey Minimum Wages

Last Release

Dec 31, 2024

Actual

20,002.5

Units In

TRY/Month

17,002

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
20,002.5 Dec 2024	1.5 Dec 1992	1,789.8 TRY/Month	1990-2024	Ministry of Labor and Social Security

Latest Updates

Turkey's monthly gross minimum wage will be 10,008 lira ($535.98) in 2023, President Tayyip Erdogan announced on December 22nd. The monthly net minimum salary will be 8,500 liras ($455), marking a 50% increase from the level determined in July and a 94% hike from January. The move aims to offset a cost-of-living crisis as the inflation rate stands at 84.4% after the CMB slashed its key rate by 1000 bps since September 2021 demanded by President Erdogan and the lira lost more than half of its value.