Labour costs in sports activities, amusement, and recreation activities in Turkey have shown significant year-on-year fluctuations from 2013 to 2023. In 2023, the value was recorded at 10.24 billion New Turkish Liras. Since 2013, there has been a consistent upward trend, marked by notable increases such as a 28.24% rise in 2016 and a 31.7% increase in 2018. However, from 2020 onwards, growth rates have moderated, showing a 0.6% rise in 2020 and stabilizing around 5-6% annually till 2023. The compound annual growth rate (CAGR) reflects this slowdown, especially from a high of 21% in earlier years to 7.65% by 2023.
Looking forward, the forecast for 2024-2028 suggests a continued but moderated growth with a forecasted 5-year CAGR of 3.29% and a cumulative 5-year growth rate of 17.56%. Future trends to watch will include potential impacts of economic policies, inflation rates, and industry-specific developments that could either bolster or restrain labour cost growth in these sectors.
