Comparative Analysis of Employment and Foreign Trade Data of Russia and Turkey by Year

Abstract

This research aimed to compare the relationships between unemployment rates and foreign trade data of Türkiye and Russia. In the research, unemployment and foreign trade data from the Country Reports provided by the World Bank for Turkey and Russia were used for the years 2002-2023. Descriptive scanning and relational scanning analyses of the data were performed. The unemployment rate in Turkey had a 10.91±1.30 mean with a 9.21-14.03 range. In Russia, the unemployment rate mean was 5.99±1.41 with a 3.08-8.30 range. The export rate in Russia was significantly higher than Türkiye (p<0.05). Unemployment and import mean values were significantly higher in Türkiye (p<0.05). The correlation between unemployment and foreign trade was insignificant in Türkiye (p>0.05). The correlation between unemployment with export (r=0.554; p<0.01) and import (r=0.609; p<0.01) was significant for Russia. Although foreign trade is not directly associated with employment due to its relationship with finance and other sectors, foreign trade positively affects unemployment in Russia. In Turkey, unemployment is not significantly related to foreign trade.