In 2023, labour costs in the air and spacecraft and related machinery sector in Turkey stood at 3.85 Billion New Turkish Liras. Forecasts predict a steady increase from 2024 through 2028, with values reaching 4.07 Billion in 2024, 4.29 Billion in 2025, and climbing up to 4.92 Billion by 2028.
The year-on-year percentage variations indicate growth: from 2024 to 2025 is 5.41%, from 2025 to 2026 is 5.13%, from 2026 to 2027 is 4.66%, and from 2027 to 2028 is 4.24%. Analyzing these trends over the last five years, the compound annual growth rate (CAGR) shows an average annual increase of 5.12%.
Future trends to monitor include technological advancements, potential shifts in governmental policies, and economic factors impacting labour markets. Staying alert to global demand and supply chain dynamics will also be crucial in understanding and predicting labour cost variations.
