All News on Economics in Turkey
Turkey's unemployment rate dropped to 13.2% in March, down 0.9 percentage point compared to the same month last year, the country's statistical authority announced on June 10.
The Turkish Statistical Institute (TÜİK) said the number of unemployed persons age 15 and over slipped 573,000 year-on-year to 3.97 million in the month.
Turkey launched on Nov. 20 its first behavioral economics project, “Nudge Turkey,” which aims to use psychology in the analysis of economic decision-making.
Turkey's current account deficit shrunk to $3.1 billion in March, a $666 million fall compared to the same month last year, according to a Turkish Central Bank report released May 11.
The 12-month rolling deficit dropped to $33.02 billion in the third month of the year, down from $33.75 billion in February, according to the report.
Turkey has scored 71 out of 188 countries on the Human Development Index (HDI) for 2016, according to the United Nations Development Programme's (UNDP) latest Human Development Report.
The report said that Turkey's HDI value rose one place compared to 2015, putting it 71st with a score of 0.767, up from the previous year's score of 0.761.
Daily Hürriyet reporter Burak Coşan has documented child laborers between the ages of 10 and 14 who work for 12 hours a day at unregistered textile workshops in Istanbul's Küçükpazar neighborhood.