According to the OECD's Employment Outlook 2026 report, Turkey ranked second among OECD countries with an average increase in real wages of 7.1 percent in the first quarter of this year. Over the same period, the OECD average remained at 2.2 percent.
In the 5-year period from the first quarter of 2021 to the first quarter of this year, the cumulative real wage increase in Turkey averaged 78.6 percent. The OECD average remained at 4.9 percent during this period.
This made Türkiye the country that recorded the highest cumulative real wage increase in the OECD. The five-year real wage increase in Türkiye was about 16 times the OECD average.
Markets remain generally robust
According to the report, while labor markets across OECD countries are showing signs of weakening, markets remain generally robust.
However, differences between regions continue to have a significant impact on employment and income opportunities.
The OECD noted that although there has been a recent recovery in real wages, wages in many countries are still unable to fully compensate for the losses caused by high inflation in 2022.
Declining rigidity in the labor market, slowing productivity growth and geopolitical uncertainties were among the main factors limiting the rate of wage growth.
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