The Turkish economy expanded 2.3% year-on-year in Q2 2026, easing from an upwardly revised 2.6% growth in Q1 and coming in below the expected 2.9% increase. This marked the softest economic expansion since a contraction in Q2 2020, as growth slowed in household consumption (3.5% vs 5.1% in Q1) and fixed investment (0.6% vs 3.1%). Government spending also declined by 1.8%, following a 0.8% increase in the previous period. In net trade, exports fell 3.4% (vs -12.7%), while imports dropped at a faster pace of 6.4% (vs -2.0%). On the production side, output contracted for construction (-1.9% vs 3.2%), while activity growth moderated for trade, transportation, accommodation and food services (0.5% vs 3.5%), and information and communication (8.6% vs 9.0%). In contrast, output rebounded for manufacturing (2.4% vs -1.3%), while it accelerated for agriculture, forestry and fishing (13.3% vs 4.8%). On a quarterly basis, GDP grew 1.1%, the most in a year, following a 0.3% expansion in Q1. source: Turkish Statistical Institute

The Gross Domestic Product (GDP) in Turkey expanded 2.30 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 4.83 percent from 1996 until 2026, reaching an all time high of 22.40 percent in the second quarter of 2021 and a record low of -14.70 percent in the first quarter of 2009. This page provides the latest reported value for - Turkey GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

The Gross Domestic Product (GDP) in Turkey expanded 2.30 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey GDP Annual Growth Rate is projected to trend around 3.00 percent in 2027 and 2.90 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-01 07:00 AM
GDP Growth Rate YoY
Q1 2.5% 3.4% 2.7% 3.1%
2026-08-31 07:00 AM
GDP Growth Rate YoY
Q2 2.3% 2.6% 2.9% 2.9%
2026-12-01 07:00 AM
GDP Growth Rate YoY
Q3 2.3% 3.1%


Related Last Previous Unit Reference
Full Year GDP Growth 3.60 3.30 percent Dec 2025
GDP Growth Rate YoY 2.30 2.60 percent Jun 2026
GDP Constant Prices 592720250.00 553048511.00 TRY Thousand Jun 2026
GDP from Agriculture 22263077.00 13004076.00 TRY Thousand Jun 2026
GDP from Construction 32994262.00 29134509.00 TRY Thousand Jun 2026
GDP from Manufacturing 97267988.00 91983263.00 TRY Thousand Jun 2026
GDP from Public Administration 55411945.00 58229056.00 TRY Thousand Jun 2026
GDP from Services 152752680.00 138263697.00 TRY Thousand Jun 2026
GDP Growth Rate 1.10 0.30 percent Jun 2026
Gross Fixed Capital Formation 154014908.00 144699237.00 TRY Thousand Jun 2026


Turkey GDP Annual Growth Rate
On the expenditure side, household consumption is the main component of Turkish GDP and accounts for 70 percent, followed by gross fixed capital formation (22 percent) and government expenditure (15 percent). Exports of goods and services account for 27 percent of GDP while imports account for 32 percent, subtracting 5 percent from total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.60 22.40 -14.70 1996 - 2026 percent Quarterly
NSA

News Stream
Turkey GDP Growth Smallest in 6 Years
The Turkish economy expanded 2.3% year-on-year in Q2 2026, easing from an upwardly revised 2.6% growth in Q1 and coming in below the expected 2.9% increase. This marked the softest economic expansion since a contraction in Q2 2020, as growth slowed in household consumption (3.5% vs 5.1% in Q1) and fixed investment (0.6% vs 3.1%). Government spending also declined by 1.8%, following a 0.8% increase in the previous period. In net trade, exports fell 3.4% (vs -12.7%), while imports dropped at a faster pace of 6.4% (vs -2.0%). On the production side, output contracted for construction (-1.9% vs 3.2%), while activity growth moderated for trade, transportation, accommodation and food services (0.5% vs 3.5%), and information and communication (8.6% vs 9.0%). In contrast, output rebounded for manufacturing (2.4% vs -1.3%), while it accelerated for agriculture, forestry and fishing (13.3% vs 4.8%). On a quarterly basis, GDP grew 1.1%, the most in a year, following a 0.3% expansion in Q1.
2026-08-31
Turkey GDP Growth Softest in a Year
The Turkish economy expanded 2.5% year-on-year in Q1 2026, easing from 3.4% in Q4 and below expectations for 2.7% growth. This marked the softest expansion in a year, as growth slowed in household consumption (4.8% vs 5.2%) and fixed investment (3.0% vs 5.4%). Net trade also weighed on growth as exports plunged 12.7%, while imports declined at a slower pace of 2.0%. In contrast, government spending recovered, rising 2.1% after a 0.9% contraction. On the production side, manufacturing contracted 1.4% after growing 0.9% previously, while growth slowed in construction (3.2% vs 8.6%), trade and transport (3.7% vs 4.2%), and financial and insurance activities (3.5% vs 4.1%). Meanwhile, agriculture, forestry and fishing rebounded 4.6% after a 7.2% decline, while information and communication accelerated to 9.5% from 8.9%. On a quarterly basis, GDP grew 0.1%, the weakest pace since a contraction in Q2 2024 and down from 0.4% previously.
2026-06-01
Turkey GDP Growth Slows in Q4
The economy of Turkey grew 3.4% year-on-year in the fourth quarter 2025, easing from a revised 3.8% expansion in the third quarter and coming in slightly below market expectations of 3.5%. Fixed investment growth slowed sharply (5.4% vs 11.5% in Q3), while government expenditure dropped (-0.9% vs 2.5%). Net trade also weighed on GDP, as exports declined (-2.3% vs -0.8%) while imports rose (3.8% vs 4.4%). However, these were partly offset by a sustained increase in household consumption (5.2% vs 4.3%). On the production side, activity moderated across most sectors, particularly in manufacturing (0.9% vs 7.6%), construction (8.6% vs 14.1%), trade, transportation, accommodation, and food services (4.2% vs 6.5%), and financial and insurance activities (4.1% vs 11.1%). On a quarterly basis, GDP rose 0.4%, slowing from a revised 1.0% increase in the previous quarter. For the full year 2025, the economy expanded 3.6%, just below market forecasts of 3.7%.
2026-03-02