The number of self-employed persons in business services in Turkey experienced relatively consistent growth from 2014 through 2023, standing at 2.92 million persons in 2023. The growth rate year-on-year from 2014 onwards presented some variability, with notable upticks in 2016 (3.87%) and 2017 (6.33%). However, recent years have seen more modest annual increases, culminating in just a 0.87% rise in 2023. The compounded annual growth rate (CAGR) for the last five years (2018-2023) was 0.55%, indicating a slowing yet steady trend.
Forecasts from 2024 to 2028 predict continued, albeit modest, growth. The five-year CAGR from 2023 to 2028 is anticipated to be around 0.64%, suggesting a slight acceleration. The total number of self-employed persons in business services by 2028 is projected to reach approximately 3.04 million, marking a cumulative increase of 3.27% over the forecast period.
Future trends to watch for include potential impacts of digital transformation and remote work capabilities on self-employment rates in business services, along with economic factors such as inflation and policy changes that could affect entrepreneurial activities.
