Page 27 - Turkey Outlook 2023
P. 27
4.0 Real Economy
4.1 Retail
Deepening hunger
In Turkey, it is particularly child hunger that is building up as a huge
problem for the upcoming decades. Children are dying due to a lack of
sufficient nutrition.
The hunger threshold, representing the required minimum monthly food
expenditure for a four-person family, in Turkey stood at TRY 8,131
($434), up 98% y/y, in December, a monthly survey by the yellow labour
union Turk-Is showed on December 30.
The poverty threshold for a four-person household, meanwhile, stood at
TRY 26,484 per month as of December, up 98% y/y.
The minimum cost of living for a single person was TRY 10,613.
Effective as of January, the minimum wage will be hiked by 55% to TRY
8,506.8 ($456). A range of between TRY 8,000 and TRY 12,000 was
under discussion.
Effective as of July, Turkey’s government hiked the country's monthly
net minimum wage by 30% to TRY5,500 ($295). In January 2022, the
government hiked the net minimum wage by 50% to TRY4,250.
Around half of Turkey’s labour force earns the minimum wage.
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