Business General Facts about the Turkish Economy

Turkey’s net minimum wage has been raised 26.05% to TL 2,020 (USD 381) as of 01.01.2019

Migration communication helpline 157 available for foreigners in Turkey

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Turkey’s annual inflation rate increases back up to 10.56% in November 2019

Turkey’s unemployment rate increases to 14% in August 2019

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Turkey’s population is 82,003,882 as of 2018 yearend

Number of foreigners visiting Turkey in 2018 increases by 21.8% to 39.5 million

Turkey’s private sector foreign debt is USD 225.8 billion as of 2018 yearend

Turkey’s economy contracted by 2.6% in the first quarter of 2019

Turkey shows surplus of USD 538 million in its 12 month rolling current account balance in June 2019