Forecast: Coverage of Social Insurance Programs in Turkiye

The coverage of social insurance programs in Turkey has seen a general upward trend, starting from a value of 36.53 units of population in 2013 and reaching 38.65 units in 2023. With some fluctuations, the year-on-year growth rates have been modest, peaking at 4.13% in 2018 and dropping to -1.66% in 2019. Over the last two years, the growth rates have been positive but moderate at 0.75% for the year ending in 2022 and 0.73% for the year ending in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years stood at 0.38%, indicating steady, albeit slow, growth.

Future trends to watch for include the forecasted coverage reaching 39.97 by 2028. The forecast outlines a 5-year CAGR of 0.53% and an overall growth rate of 2.69% for this period, suggesting continued but gradual improvement in social insurance program coverage in Turkey. Observing demographic changes, policy reforms, and economic impacts will be crucial for understanding future variations and trends.