Construction employment in Turkey, measured in million persons, experienced significant volatility over the last decade. The number peaked in 2017 at 2.1 million but saw a drastic decline since 2018, reaching 1.3 million in 2023. The year-on-year variations indicate a decrease trend with larger drops manifesting prominently from 2019 onwards. Over the past five years leading up to 2023, the CAGR was -8.11%, indicating an average annual decline. Forecasts suggest a continual decrease with a forecasted CAGR of -5.33% from 2024 to 2028, bringing the employment to 0.93469 million in 2028.
Future Trends to Watch For:
- Policy changes and governmental initiatives in the construction sector
- Impact of economic conditions and foreign investments
- Technological advancements influencing labor demand
- Infrastructure projects and urbanization trends
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