Turkish GDP Expands at Fastest Pace in Over a Year
2025-09-01 07:39
By
Dongting Liu
1 min. read
The Turkish economy grew 4.8% year-on-year in Q2 2025, the fastest pace since Q1 2024, outpacing market expectations of 4.1% and accelerating from a revised 2.3% in the previous quarter.
The expansion reflected stronger household consumption (5.1% vs 1.6%), a surge in investment (8.8% vs 1.8%), and rising exports (1.7% vs 0.1%) and imports (8.8% vs 2.7%).
In contrast, government spending contracted sharply (-5.2% vs 1.9%), dragging on overall growth.
On the production side, growth was broad-based, led by construction (10.9% vs 8.6%), information and communication (7.1% vs 5.7%), real estate (2.6% vs 2.0%), and industry (6.1% vs -1.7%).
However, agriculture (-3.5% vs -2.1%) and public services (-1.2% vs -0.1%) recorded deeper contractions.
On a quarterly basis, GDP rose 1.6%, up from a revised 0.7% in the previous quarter.