Turkey's economy grows 5.6% in 2022, but labor’s income share shrinks

In a sign of deepening income disparities, the share of Turkey’s labor force from the national income has dropped to 26.5%, a far cry from 36% in 2016.
A fisherman sells his fish at a public market where customers shop in the historical district of Ulus in Ankara on December 30, 2022. (Photo by ADEM ALTAN/AFP via Getty Images)
A fisherman sells his fish at a public market in Turkey where customers shop in the historical district of Ulus in Ankara on December 30, 2022. - Photo by ADEM ALTAN/AFP via Getty Images
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Mustafa Sonmez
@mustfsnmz
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ISTANBUL — Turkey’s economy expanded 5.6% in 2022 at the expense of a runaway inflation, but the working class share from the national income continued to shrink, official data showed Tuesday.

The country’s gross domestic product (GDP) increased 3.5% in the fourth quarter from a year earlier, reflecting a continued cooling since the previous quarter due mainly to falling demand. 

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