Turkey Forecast: Unemployment Rate

1980 - 2029 | Yearly | % | International Monetary Fund

Key information about Turkey Unemployment Rate Forecast

  • Turkey Unemployment Rate is forecasted to be 9.255 % in Dec 2024 as reported by International Monetary Fund
  • It records a decrease from the last reported number of 9.400 % in Dec 2023
  • Looking ahead, Turkey Unemployment Rate is projected to stand at 9.164 % in Dec 2029
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View Turkey's Forecast: Unemployment Rate from 1980 to 2029 in the chart:

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Turkey Forecast: Unemployment Rate
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Turkey Forecast: Unemployment Rate

What is Turkey's Forecast: Unemployment Rate in 2029?

Turkey Unemployment Rate is forecasted to be 9.255 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
9.164 2029 9.254 2028 5.997 2000 13.700 2019 % yearly 1980 - 2029

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 10.700 2029 yearly 1980 - 2029
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.550 2029 yearly 2010 - 2029
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2029 yearly 1980 - 2029
Armenia (%) 14.000 2029 yearly 2001 - 2029
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.524 2029 yearly 1980 - 2029
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.098 2029 yearly 2000 - 2029
Bahamas (%) 9.500 2029 yearly 1986 - 2029
Bahrain (%) 6.300 2023 yearly 2007 - 2023
Bangladesh (%) 0.000 yearly -
Barbados (%) 7.677 2029 yearly 1981 - 2029
Belarus (%) 2.898 2029 yearly 1993 - 2029
Belgium (%) 5.700 2029 yearly 1980 - 2029
Belize (%) 3.400 2029 yearly 1990 - 2029
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.200 2029 yearly 2000 - 2029
Bosnia and Herzegovina (%) 13.200 2029 yearly 1995 - 2029
Botswana (%) 0.000 yearly -
Brazil (%) 7.482 2029 yearly 1991 - 2029
Brunei (%) 4.900 2029 yearly 2011 - 2029
Bulgaria (%) 4.000 2029 yearly 1989 - 2029
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.960 2029 yearly 1980 - 2029
Cape Verde (%) 8.500 2029 yearly 1980 - 2029
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2029 yearly 1980 - 2029
China (%) 5.100 2029 yearly 2017 - 2029
Colombia (%) 9.400 2029 yearly 1980 - 2029
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.466 2029 yearly 1991 - 2029
Cyprus (%) 4.979 2029 yearly 1982 - 2029
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2029 yearly 1991 - 2029
Ecuador (%) 3.500 2029 yearly 1988 - 2029
Egypt (%) 5.502 2029 yearly 1990 - 2029
El Salvador (%) 5.216 2029 yearly 1988 - 2029
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.508 2029 yearly 1993 - 2029
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2029 yearly 1986 - 2029
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 14.500 2029 yearly 1996 - 2029
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2029 yearly 1980 - 2029
Hong Kong SAR, China (%) 2.669 2029 yearly 1980 - 2029
Hungary (%) 3.689 2029 yearly 1980 - 2029
Iceland (%) 4.000 2029 yearly 1980 - 2029
India (%) 0.000 yearly -
Indonesia (%) 5.100 2029 yearly 1984 - 2029
Iran (%) 9.000 2029 yearly 1990 - 2029
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.900 2029 yearly 1980 - 2029
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 4.400 2023 yearly 1980 - 2023
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.975 2023 yearly 1984 - 2023
Kazakhstan (%) 4.775 2029 yearly 1994 - 2029
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.000 2029 yearly 1980 - 2029
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2029 yearly 1994 - 2029
Laos (%) 0.000 yearly -
Latvia (%) 6.286 2029 yearly 1992 - 2029
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

Turkey Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.2 Dec 2024 quarterly Dec 2006 - Dec 2024
Consolidated Fiscal Balance (USD mn) -4,181.821 Jan 2025 monthly Jan 2006 - Jan 2025
Tax Revenue (USD mn) 22,336.268 Jan 2025 monthly Jan 2006 - Jan 2025
Tax Revenue: % of GDP (%) 17.1 Dec 2024 quarterly Mar 2006 - Dec 2024
National Government Debt (USD mn) 254,513.1 2022 yearly 2001 - 2022
Government Debt: % of GDP (%) 25.6 Sep 2024 quarterly Dec 2001 - Sep 2024
Forecast: Government Expenditure (TRY bn) 40,421.476 2029 yearly 2000 - 2029
Forecast: Government Net Debt (TRY bn) 32,432.832 2029 yearly 2000 - 2029
Forecast: Government Revenue (TRY bn) 36,604.966 2029 yearly 2000 - 2029
General Budget: Revenue (TRY mn) 693,186.610 Feb 2025 monthly Jan 2005 - Feb 2025
General Budget: Expenditure (TRY mn) 1,097,288.860 Feb 2025 monthly Jan 2005 - Feb 2025
General Budget: Cash Balance (TRY mn) -397,602.250 Feb 2025 monthly Jan 2005 - Feb 2025
General Budget: ytd: EX: Primary: Current Transfers (CT) (TRY th) 458,493,370.568 Jan 2025 monthly Jan 2006 - Jan 2025
General Budget: ytd: Revenue: Tax (TRY th) 792,667,161.286 Jan 2025 monthly Jan 2006 - Jan 2025
General Budget: ytd: Balance (TRY th) -148,404,035.193 Jan 2025 monthly Jan 2006 - Jan 2025
General Budget: ytd: Expenditure (EX) (TRY th) 1,051,065,850.083 Jan 2025 monthly Jan 2006 - Jan 2025
General Budget: ytd: Revenue: Tax: Direct (TRY th) 241,582,447.800 Jan 2025 monthly Jan 2006 - Jan 2025
General Budget: ytd: EX: Primary: Capital Expenditure (TRY th) 20,491,041.868 Jan 2025 monthly Jan 2006 - Jan 2025
General Budget: ytd: Revenue (TRY th) 902,661,814.890 Jan 2025 monthly Jan 2006 - Jan 2025
Central Government Debt: External (TRY mn) 538,505.357 Mar 2019 monthly Jan 2002 - Mar 2019
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.230 2028 yearly 1980 - 2028
Trade Balance (USD mn) -8,483.7 Apr 2023 monthly Jan 2013 - Apr 2023
Total Exports (USD mn) 14,265.9 Dec 2019 monthly Jan 1997 - Dec 2019
Total Exports Growth (%) 0.9 May 2023 monthly Jan 2014 - May 2023
Aluminum: Exports (USD th) 3,832,265.952 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,443,044.753 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 806,223.291 2023 yearly 1995 - 2023
Total Imports (USD mn) 17,684.5 Dec 2019 monthly Jan 1997 - Dec 2019
Total Imports Growth (%) 6.5 May 2023 monthly Jan 2014 - May 2023
Imports: Medicament (USD th) 2,460,947.731 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,964,157.172 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 1,370.597 Jan 2025 monthly Apr 1964 - Jan 2025
Total Imports from USA (USD mn) 1,430.275 Jan 2025 monthly Apr 1964 - Jan 2025
Total Exports to China (USD mn) 254.677 Jan 2025 monthly Jan 2013 - Jan 2025
Total Imports from China (USD mn) 4,086.266 Jan 2025 monthly Sep 1992 - Jan 2025
Trade Balance: USD (USD mn) -2,136.727 Mar 2019 monthly Jan 1969 - Mar 2019
Natural Gas: Annual: Production (Cub m mn) 851.970 2023 yearly 1976 - 2023
Export Value Index (2015=100) 149.169 2021 yearly 1980 - 2021
Import Value Index (2015=100) 127.060 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 834.0 Dec 2024 monthly Jan 1992 - Dec 2024
Current Account Balance (USD mn) -3,795.0 Jan 2025 monthly Jan 1992 - Jan 2025
Current Account Balance: % of GDP (%) -1.4 Dec 2024 quarterly Mar 1998 - Dec 2024
Foreign Direct Investment (USD mn) 1,414.0 Jan 2025 monthly Jan 1992 - Jan 2025
Foreign Direct Investment: % of GDP (%) 1.0 Dec 2024 quarterly Mar 1998 - Dec 2024
Foreign Portfolio Investment (USD mn) 4,413.000 Dec 2024 quarterly Mar 1992 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) 1.2 Dec 2024 quarterly Mar 1998 - Dec 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -526.0 Dec 2024 quarterly Mar 1992 - Dec 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 4,939.000 Dec 2024 quarterly Mar 1992 - Dec 2024
External Debt (USD mn) 525,799.9 Sep 2024 quarterly Dec 1989 - Sep 2024
External Debt: % of GDP (%) 45.1 2023 yearly 1989 - 2023
External Debt: Short Term (USD mn) 177,860.0 Sep 2024 quarterly Dec 1989 - Sep 2024
External Debt: Short Term: % of GDP (%) 15.9 2023 yearly 1989 - 2023
Total Debt: % of GDP (%) 253.0 Sep 2024 quarterly Dec 2014 - Sep 2024
Forecast: Current Account Balance (USD bn) -33.267 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -294,725.000 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: Current Account: Goods (USD mn) -5,558.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Current Account: Services: Credit (USD mn) 7,503.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Current Account: Services: Debit (USD mn) 4,421.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Current Account: Primary Income: Credit (USD mn) 1,097.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Current Account: Primary Income: Debit (USD mn) 2,288.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Current Account: Secondary Income (USD mn) -128.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: FA: Direct Investment: Net Acquisition of Financial Assets (USD mn) 910.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: FA: Portfolio Investment: Net Acquisition of Financial Assets (USD mn) 173.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: FA: Portfolio Investment: Net Incurrence of Liabilities (NI) (USD mn) 2,355.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: FA: Other Investment: Net Acquisition of Financial Assets (FA) (USD mn) 359.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: FA: Other Investment: Net Incurrence of Liabilities (NI) (USD mn) 9,441.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Current, Capital and Financial Accounts (USD mn) 8,021.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Net Errors and Omissions (USD mn) -1,591.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Capital Account (USD mn) 48.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Current Account: Goods: Exports: F.o.B. (USD mn) 21,112.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: Current Account: Goods: Imports: F.o.B. (USD mn) 26,670.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: CA: Services (USD mn) 3,148.000 Dec 2024 monthly Jan 1992 - Dec 2024
BoP: CA: Primary Income (PI) (USD mn) -1,191.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: FA: Direct Investment (DI) (USD mn) -504.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: FA: Portfolio Investment (PI) (USD mn) -2,182.000 Jan 2025 monthly Jan 1992 - Jan 2025
BoP: FA: Other Investment (OI) (USD mn) -9,082.000 Jan 2025 monthly Jan 1992 - Jan 2025
International Investment Position (IIP) (USD mn) -294,725.000 Dec 2024 quarterly Mar 2006 - Dec 2024
IIP: Assets (USD mn) 366,197.000 Dec 2024 quarterly Mar 2006 - Dec 2024
IIP: Liabilities (USD mn) 660,922.000 Dec 2024 quarterly Mar 2006 - Dec 2024
External Debt Stock: Net (USD mn) 261,127.844 2023 yearly 1989 - 2023
External Debt: BR: Long Term (LT) (USD mn) 347,939.935 Sep 2024 quarterly Dec 1989 - Sep 2024
Foreign Direct Investment (FDI): Flows: NACE 2 (USD mn) 1,221.000 Dec 2024 monthly Jan 2005 - Dec 2024
FDI: Flows: NACE 2: Industrial Sectors (IS) (USD mn) 418.000 Dec 2024 monthly Jan 2005 - Dec 2024
FDI: Flows: NACE 2: Services (SE) (USD mn) 858.000 Jan 2025 monthly Jan 2005 - Jan 2025
FDI: Flows: NACE 2: IS: Manufacturing (Mfg) (USD mn) 392.000 Dec 2024 monthly Jan 2005 - Dec 2024
FDI: Flows: NACE 2: SE: Financial and Insurance (FI) (USD mn) 83.000 Jan 2025 monthly Jan 2005 - Jan 2025
FDI: Flows: NACE 2: IS: Electricity, Gas, Steam & Air Conditioning (USD mn) 0.000 Jan 2025 monthly Jan 2005 - Jan 2025
FDI: Flows: Europe: Austria (USD mn) 16.000 Jan 2025 monthly Jan 2005 - Jan 2025
FDI: Flows: Europe: Germany (USD mn) 42.000 Jan 2025 monthly Jan 2005 - Jan 2025
FDI: Flows: Europe: Netherlands (USD mn) 35.000 Jan 2025 monthly Jan 2005 - Jan 2025
FDI: Flows: Asia: NM: GA: Qatar (USD mn) 0.000 Jan 2025 monthly Jan 2005 - Jan 2025
FDI: Flows: Europe: Spain (USD mn) 0.000 Jan 2025 monthly Jan 2005 - Jan 2025
Investment Abroad: DI: FL: RE: IS: Manufacturing (Mfg) (USD mn) 296.000 Jan 2025 monthly Jan 2005 - Jan 2025
Direct Investment Abroad: Flows: Residents (RE) (USD mn) 854.000 Jan 2025 monthly Jan 2005 - Jan 2025
Investment Abroad: DI: FL: RE: SE: Financial and Insurance (FI) (USD mn) 38.000 Dec 2024 monthly Jan 2005 - Dec 2024
Investment Abroad: DI: FL: RE: IS: Mining and Quarrying (USD mn) 71.000 Jan 2025 monthly Jan 2005 - Jan 2025
Investment Abroad: DI: FL: RE: Services (SE) (USD mn) 407.000 Jan 2025 monthly Jan 2005 - Jan 2025
Investment Abroad: DI: FL: RE: Industrial Sectors (IS) (USD mn) 443.000 Jan 2025 monthly Jan 2005 - Jan 2025
Direct Investment Abroad: Flows: RE: Europe: United Kingdom (USD mn) 149.000 Jan 2025 monthly Jan 2005 - Jan 2025
Direct Investment Abroad: Flows: RE: Asia: NM: OT: Azerbaijan (USD mn) 4.000 Jan 2025 monthly Jan 2005 - Jan 2025
Direct Investment Abroad: Flows: RE: Europe: OT: Russia (USD mn) 2.000 Jan 2025 monthly Jan 2005 - Jan 2025
Direct Investment Abroad: Flows: RE: America: North: United States (USD mn) 345.000 Jan 2025 monthly Jan 2005 - Jan 2025
Direct Investment Abroad: Flows: RE: Europe: Netherlands (USD mn) 117.000 Jan 2025 monthly Jan 2005 - Jan 2025
Number of Companies: Newly Established (Unit) 11,202.000 Jan 2025 monthly Jan 1995 - Jan 2025
Number of Companies: Liquidated (Unit) 2,037.000 Jan 2025 monthly Jan 1995 - Jan 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Jan 2025 monthly Jan 2003 - Jan 2025
Household Debt: % of GDP (%) 10.0 Sep 2024 quarterly Dec 2014 - Sep 2024
Non-Performing Loans (USD mn) 8,808.908 Jan 2025 monthly Dec 2002 - Jan 2025
Money Supply M1 (USD mn) 176,177.300 Jan 2025 monthly Dec 1963 - Jan 2025
Money Supply M2 (USD mn) 495,412.375 Jan 2025 monthly Dec 1976 - Jan 2025
M2 Growth (%) 29.3 Jan 2025 monthly Dec 1977 - Jan 2025
Reserve Requirement Ratio (%) 8.0 Feb 2025 monthly Jan 2011 - Feb 2025
Foreign Exchange Reserves (USD mn) 83,523.0 Dec 2024 monthly Apr 2000 - Dec 2024
Foreign Exchange Reserves: % of GDP (%) 6.338 Dec 2024 quarterly Jun 2000 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 3.1 Jan 2025 monthly Apr 2000 - Jan 2025
Gold Reserves (USD mn) 64,283.000 Dec 2024 monthly Dec 1956 - Dec 2024
Total Deposits (USD mn) 532,699.270 Jan 2025 monthly Dec 2002 - Jan 2025
Total Deposits Growth (%) 27.4 Jan 2025 monthly Dec 2003 - Jan 2025
Domestic Credit (USD mn) 589,056.4 Jan 2025 monthly Jan 1986 - Jan 2025
Domestic Credit Growth (%) 36.1 Jan 2025 monthly Jan 1987 - Jan 2025
Debt Service Ratio: Private Non-Financial Sector (%) 32.300 Sep 2024 quarterly Mar 2002 - Sep 2024
Credit to Households (USD bn) 110.002 Sep 2024 quarterly Mar 1986 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 580.644 Sep 2024 quarterly Mar 1986 - Sep 2024
Household Debt (USD mn) 107,769.6 Jan 2025 monthly Jan 1986 - Jan 2025
Total Loans (USD mn) 377,177.083 Jan 2025 monthly Jan 1986 - Jan 2025
Total Loans Growth (%) 38.64 Jan 2025 monthly Jan 1987 - Jan 2025
Private Debt: % of Nominal GDP (%) 28.53 Dec 2024 quarterly Dec 1998 - Dec 2024
Money Supply: M3 (TRY th) 20,088,996,565.000 Jan 2025 monthly Dec 2005 - Jan 2025
Consumer Loans: BS: Loan: Housing (TRY mn) 523,455.255 Jan 2025 monthly Dec 2002 - Jan 2025
Consumer Loans: BS: Non Performing (TRY mn) 65,604.353 Jan 2025 monthly Dec 2002 - Jan 2025
Consumer Loans: Banking Sector (BS): Loan (TRY mn) 2,062,487.848 Jan 2025 monthly Dec 2002 - Jan 2025
Asset Quality: Banking Sector: NPL to Total Loan (%) 1.871 Jan 2025 monthly Jan 2003 - Jan 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 0.8 Feb 2025 monthly Jan 2008 - Feb 2025
Composite Leading Indicator Index: Trend Restored (NA) 403.320 Feb 2025 monthly Dec 1987 - Feb 2025
Real Sector Confidence Index: CANE 2: Seasonally Adjusted (sa) (Point) 102.800 Feb 2025 monthly Jan 2007 - Feb 2025
Services Sector Confidence Index (SCI): Seasonally Adjusted (sa) (Point) 114.233 Feb 2025 monthly Jan 2011 - Feb 2025
Construction Confidence Index (CCI): Seasonally Adjusted (sa) (Point) 89.287 Feb 2025 monthly Jan 2011 - Feb 2025
Retail Trade Confidence Index (RCI): Seasonally Adjusted (sa) (Point) 116.330 Feb 2025 monthly Jan 2011 - Feb 2025

More Indicators for Turkey

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