The minimum wage in Turkey will be significantly increased next year, at least as much as the inflation rate at the turn of the year, according to Turkey's President Recep Tayyip Erdogan.
According to forecasts, this means a wage increase of at least 44 percent in 2025.
We raised the minimum wage by 107 percent in 2023 and inflation that year ended at 65 percent. We raised the minimum wage by 49 percent in 2024 and by October, inflation had fallen below 49 percent and is expected to end the year around 44 percent, according to the central bank's calculations, Erdogan told journalists on his way home from a G20 meeting.
We will move in line with the same principles this year as well and handle it so that we protect the purchasing power of our working population, he added.
About a third of the Turkish population works for the minimum wage, which nets a monthly salary of just over 17,000 Turkish lira (approximately 4,800 kronor).
