Forecast: Value Added of Employment Services in Turkey

The value added of employment services in Turkey has shown substantial growth over the last decade, starting at 1.95 Billion New Turkish Liras in 2013 and reaching 24.88 Billion New Turkish Liras in 2023. Notable peaks occurred in 2018 and 2019, with year-on-year increases of 126.78% and 97.08%, respectively. Post-2019, the growth stabilized, with single-digit percentage increases in subsequent years. In 2023, a 6.51% year-on-year increase was observed, reflecting a more moderate growth phase.

Future predictions indicate a steady upward trend, with the value projected to reach 32.83 Billion New Turkish Liras by 2028. This period is expected to experience a forecasted 5-year CAGR of 4.33%, suggesting a stable growth trajectory.

Trends to watch for:

  • Potential for market consolidation and technological advancements in employment services.
  • Impact of economic policies and global market conditions on employment services.
  • Adoption of digital platforms and automation to streamline employment service processes.

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