The demographics of Turkey’s population have a positive impact on the country’s economy, representing a window of opportunity in many respects. The young and well-educated population of Turkey is considered to be a great asset as investors are facing considerable challenges elsewhere in Europe, such as ageing and shrinking populations. Turkey offers excellent opportunities with its growing, young, and dynamic population — an indispensable contributor to a strong labor pool and a lucrative domestic market.
In 2015, Turkey’s population reached 78.7 million. It is expected to top 84 million in 2023, and to peak at 93.5 million in 2050, at which point the population will be more than double what it was in 1980.
Turkey has the largest youth population when compared with the EU, with half of its population under the age of 31 in 2015.
In the past decade, Turkey’s age-dependency ratio has continued its downward trend, allowing extra room for government expenditure on healthcare, social security, and education.
(% of working-age population)
Source: World Bank
Turkey’s labor force is around 29.7 million people, which makes Turkey the 3rd largest labor force market in Europe.
Turkey’s young population is an important contributor to labor force growth and has boosted the country’s rank over its competitors. Turkey has posted the largest labor force growth in relation to EU countries.
Source: OECD, World Bank, ISPAT
Investment support and promotion Agency of Turkey