In Turkey, the average annual income was recorded at higher values in the case of men than women each year from 2008 to 2023. However, the gender pay gap fluctuated over time and has been widening from 2022. In 2023, men earned over ******* Turkish lira on average, whereas women made nearly ****** Turkish lira. That indicated a **-percent pay gap between men and women in the country. Average income varies significantly depending on education level With high inflation leading to soaring prices and a decline in purchasing power within the country, the Minimum Wage Determination Commission, established by the Turkish government, has taken steps to regulate the minimum wage. As of 2024, the minimum wage was adjusted to ****** Turkish lira (***** U.S. dollars as of September 30, 2024), more than doubling compared to the previous year. Meanwhile, education levels continue to play a crucial role in income disparities in Turkey. Individuals with higher education degrees consistently earned the highest average annual income, reaching nearly ******* Turkish lira in 2023.  In contrast, illiterate individuals earned about ****** Turkish lira on average. Labor force participation and economic inactivity The average labor force participation rate in Turkey reached **** percent in 2023, with considerable regional variations. That year, Ardahan recorded the highest rate at **** percent, while Siirt had the lowest at **** percent. At the same time, there were a significant number of Turkish people who were not in the workforce in 2023. Over **** million people did not work that year due to being housewives, and nearly *** million were absent due to disability, old age, or illness.

The Gross Domestic Product per capita in Turkey was last recorded at 15147.84 US dollars in 2024. The GDP per Capita in Turkey is equivalent to 120 percent of the world's average. This dataset provides the latest reported value for - Turkey GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Turkey Creek, LA, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 20,928, while the mean income for the highest quintile (20% of households with the highest income) is 180,594. This indicates that the top earners earn 9 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 237,273, which is 131.38% higher compared to the highest quintile, and 1133.76% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Turkey Creek median household income. You can refer the same here

The gross domestic product per capita varied between provinces of Turkey. Under the observed period, Istanbul generally registered the highest GDP per capita. However, from 2021, Kocaeli ranked first, with its GDP per capita totaling almost ****** U.S. dollars in 2023. The capital city, Ankara, came third in the ranking, with a GDP per capita of ****** U.S. dollars.

As 2022 progressed, less Turkish lira could be bought with U.S. dollars than in previous years - decreasing by nearly five liras. By June 27, 2025, one U.S. dollar was worth approximately 39.54. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of the end of the year.

In the build up to the Second World War, the United States was the major power with the highest gross domestic product (GDP) per capita in the world. In 1938, the United States also had the highest overall GDP in the world, and by a significant margin, however differences in GDP per person were much smaller. Switzerland In terms of countries that played a notable economic role in the war, the neutral country of Switzerland had the highest GDP per capita in the world. A large part of this was due to the strength of Switzerland's financial system. Most major currencies abandoned the gold standard early in the Great Depression, however the Swiss Franc remained tied to it until late 1936. This meant that it was the most stable, freely convertible currency available as the world recovered from the Depression, and other major powers of the time sold large amounts of gold to Swiss banks in order to trade internationally. Switzerland was eventually surrounded on all sides by Axis territories and lived under the constant threat of invasion in the war's early years, however Swiss strategic military planning and economic leverage made an invasion potentially more expensive than it was worth. Switzerland maintained its neutrality throughout the war, trading with both sides, although its financial involvement in the Holocaust remains a point of controversy. Why look at GDP per capita? While overall GDP is a stronger indicator of a state's ability to fund its war effort, GDP per capita is more useful in giving context to a country's economic power in relation to its size and providing an insight into living standards and wealth distribution across societies. For example, Germany and the USSR had fairly similar GDPs in 1938, whereas Germany's per capita GDP was more than double that of the Soviet Union. Germany was much more industrialized and technologically advanced than the USSR, and its citizens generally had a greater quality of life. However these factors did not guarantee victory - the fact that the Soviet Union could better withstand the war of attrition and call upon its larger population to replenish its forces greatly contributed to its eventual victory over Germany in 1945.