【Turkey】Wage Comparison with Neighboring Countries

Merhaba! I am Shun Yoshida from Tokyo Consulting Firm Turkey Office.

In this week, I would like to share the information regarding “Wage Comparison with Neighboring Countries”.

 

In Turkey, it is certain there is a huge wage gap between the middle-manager class and worker class since the one’s academic background, language skills, and ‘backroom influence’ strongly affect the wage amount. It is no exaggeration to say that middle-managers’ wage is almost as expensive as the amount in EU countries. In the meantime, wage amount for worker class tends to be kept lower compared to European developed countries, which is one of the reasons for foreign capital enterprises to expand their business to Turkey.

On the other hand, there is also an intriguing adverse effect in the labour market that the increase in the number of universities and improvement in educational standards are making it more difficult to secure the sufficient number of working-class employees(operators at a factory) especially in OIZ(Organized Industrial Zones) according to the stories of some business people.

 

Average Wage Comparison with Neighboring Countries

(Unit : USD / Month)

City Worker Class

(Operator)

Engineer Middle-manager Class
Istanbul (Turkey) 650 1,452 2,615
Tel Aviv (Israel) 1,727~2,303 3,454~6,621 8,636~15,544
Teheran (Iran) 146~216 339~473 328~428
Dubai (UAE) 1,274 3,764 7,336
Sofia (Bulgaria) 734 1,101 1,667
Bucharest (Romania) 546~1,645      975~2,462       2,554~5,154
Budapest (Hungary) 826~863 1,674 2,212

*Rounding off the last digit
Source:JETRO「2019年度 投資関連コスト比較調査」(中東、欧州・CIS)

 

That is all for this week.

We also offer free-of-charge meeting(online/offline) regarding establishment and business development in Turkey.
If you have any question other than the above, please feel free to contact us.

Thank you very much for your time read until the end.

 

References

  • JETRO「2019年度 投資関連コスト比較調査」(中東、欧州・CIS)

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東京コンサルティングファーム・トルコ拠点
吉田瞬

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