Unemployment in Turkey

Turkey Unemployment | Economic News & Forecasts

Turkey - Unemployment

The economy likely lost momentum in Q2 on tighter credit conditions, as overheating concerns swirl. Industrial production growth in April and May was down notably from Q1’s stellar print, while the expansion in retail sales slowed markedly in May and the manufacturing PMI was in negative territory throughout Q2. Heading into the third quarter, business sentiment withered in July on lower optimism regarding current orders, general business conditions and employment. Economic imbalances furthermore continue to intensify: Inflation in June was triple the Central Bank’s target, while the current account deficit broadened further in May. Against this backdrop, President Erdogan announced his cabinet on 9 July. His son-in-law Berat Albayrak, the former energy minister, will head the new treasury and finance ministry. He effectively replaces Mehmet Simsek and Naci Agbal, two business-friendly ministers, adding to market concerns over the direction of economic policy.

Turkey - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate9.1  11.0  11.3  11.9  11.9  

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Turkey Unemployment Chart

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

Turkey Facts

Bond Yield20.59-0.09 %Aug 15
Exchange Rate5.99-0.85 %Aug 15
Stock Market90,2631.41 %Aug 15

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