The young and well-educated population of Türkiye is a great asset as investors are facing considerable challenges elsewhere in Europe with ageing and shrinking populations.
Türkiye offers excellent opportunities with its growing, young, and dynamic population – the driving force behind a strong labor pool and a lucrative domestic market.
Türkiye’s population was registered as 83.6 million in 2020. It is expected to reach 86.9 million by 2023, and 100.3 million by 2040, according to the Turkish Statistical Institute (TurkStat). The population is projected to maintain its growth momentum until 2069, when it will peak at 107.6 million.
Population Projections (2020-2080, million)
Türkiye, with half of its population under the age of 32.7 in 2020, has the largest youth population among the EU member countries.
Population-Age Group Pyramid (2020)
Over the past decade, Türkiye’s age-dependency ratio has maintained its downward trend, allowing more flexibility in government expenditure on healthcare, social security, and education.
Age Dependency Ratio by Region (2020, % of working-age population)
Age Dependency Ratio by Countries (2020, % of working-age population)
Source: World Bank