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In job creation, Turkey tops the world

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Mar 04, 2014 - 12:00 am GMT+3
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by Mar 04, 2014 12:00 am

The number of Turkish people employed grew by 22.7 percent since 2008, according to data compiled by the International Monetary Fund (IMF) and the Turkish Statistical Institute (TUIK). The number of employed people in Turkey stood at 20,738,000 in 2007 and rose to 25,443,000 by November 2013

Istanbul (Daily Sabah) - Turkey has the highest rate of job creation among 32 developed and developing countries since the crisis. Turkey is the only country to have experienced an increase over 20 percent.

The closest follower of Turkey in terms of employment is Israel with a growth rate of 18.8 percent. During the period in question, Luxemburg's employment rate increased by 15.3 percent, Malta by 11.5 percent and Australia by 10.9 percent.

Greece experienced the highest decrease in the number of employed from 2007 to 2013. Some 4,510,000 people were employed in Greece in 2007, while this figure is estimated to have diminished to 3,623,000 in 2013, a drop of 19.7 percent in six years.

Spain is estimated to have seen a decrease in its employment by 18.4 percent and in the same period, the number of employed fell by 13.7 percent in Ireland.

Portugal was another country to witness an economic decline during the period in question. The number of employed people was 5,124,000 in 2007 while it is estimated to have decreased to 4,479,000 in 2013.

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