The Turkish economy expanded 3.7% year-on-year in Q3 2025, easing from an upwardly revised 4.9% growth in the previous quarter, and more than the expected slowdown to 4.2%. The main drag came from net trade, as exports fell 0.7% (vs. 2% in Q2) while imports rose 4.3% (vs. 8.9%). Meanwhile, household consumption growth accelerated (4.8% vs. 4.4%), fixed investments surged to their highest in two years (11.7% vs. 9.1%), and government spending rebounded (0.8% vs. -0.6%). On the production side, activity growth picked up in construction (13.9% vs. 11.1%), financial and insurance activities (10.8% vs. 4%), information and communication (10.1% vs. 7.1%), other services (7.1% vs. 2.5%), industry (6.5% vs. 6%), and trade, transport, accommodation, and food services (6.3% vs. 5.8%). Conversely, agriculture, forestry, and fishing fell 12.7% after a 5.5% decline previously. On a quarterly basis, GDP grew 1.1%, down from 1.6% in the previous period. source: Turkish Statistical Institute

The Gross Domestic Product (GDP) in Turkey expanded 3.70 percent in the third quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 4.88 percent from 1996 until 2025, 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 February of 2026.

The Gross Domestic Product (GDP) in Turkey expanded 3.70 percent in the third quarter of 2025 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
2025-09-01 07:00 AM
GDP Growth Rate YoY
Q2 4.8% 2.3% 4.1% 3.8%
2025-12-01 07:00 AM
GDP Growth Rate YoY
Q3 3.7% 4.9% 4.2% 4.2%
2026-02-27 07:00 AM
GDP Growth Rate YoY
Q4 3.7% 3.2%


Related Last Previous Unit Reference
Full Year GDP Growth 3.20 5.10 percent Dec 2024
GDP Growth Rate YoY 3.70 4.90 percent Sep 2025
GDP Constant Prices 646686757.00 578520961.00 TRY Thousand Sep 2025
GDP from Agriculture 56990889.00 19444211.00 TRY Thousand Sep 2025
GDP from Construction 36751596.00 33609696.00 TRY Thousand Sep 2025
GDP from Manufacturing 96902103.00 94061457.00 TRY Thousand Sep 2025
GDP from Public Administration 59310570.00 53473638.00 TRY Thousand Sep 2025
GDP from Services 159706391.00 152083988.00 TRY Thousand Sep 2025
GDP Growth Rate 1.10 1.60 percent Sep 2025
Gross Fixed Capital Formation 168843038.00 152565160.00 TRY Thousand Sep 2025


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
3.70 4.90 22.40 -14.70 1996 - 2025 percent Quarterly
NSA

News Stream
Turkey GDP Growth Slows More Than Expected
The Turkish economy expanded 3.7% year-on-year in Q3 2025, easing from an upwardly revised 4.9% growth in the previous quarter, and more than the expected slowdown to 4.2%. The main drag came from net trade, as exports fell 0.7% (vs. 2% in Q2) while imports rose 4.3% (vs. 8.9%). Meanwhile, household consumption growth accelerated (4.8% vs. 4.4%), fixed investments surged to their highest in two years (11.7% vs. 9.1%), and government spending rebounded (0.8% vs. -0.6%). On the production side, activity growth picked up in construction (13.9% vs. 11.1%), financial and insurance activities (10.8% vs. 4%), information and communication (10.1% vs. 7.1%), other services (7.1% vs. 2.5%), industry (6.5% vs. 6%), and trade, transport, accommodation, and food services (6.3% vs. 5.8%). Conversely, agriculture, forestry, and fishing fell 12.7% after a 5.5% decline previously. On a quarterly basis, GDP grew 1.1%, down from 1.6% in the previous period.
2025-12-01
Turkish GDP Expands at Fastest Pace in Over a Year
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.
2025-09-01
Turkish GDP Growth Weakest in 5 Years
The Turkish economy expanded 2% year-on-year in Q1 2025, the smallest growth rate since a contraction in Q2 of 2020, below a 3% rise in Q4 2024 and forecasts of a 2.3% increase. Household spending (2% vs 3.9%), government expenditure (1.2% vs 1.6%) and investment (2.1% vs 6.1%) slowed significantly. Also, exports stalled (vs -2%) and imports rose at a faster 3% (vs 1.6%). On the production side, real estate activities accelerated (up 2.4% vs 1.3% previously), while growth in the services sector slowed (1.3% vs 3.2%), and the industrial sector contracted (-1.8% vs +1.4%). Compared to the previous period, the GDP in Turkey rose 1%, following a 1.7% rise in the previous period. The Turkish economy has been grappling with nearly two years of monetary tightening, which pushed borrowing costs as high as 50%. Although the central bank began cutting interest rates in December, it reversed course and raised them again amid market turmoil following the arrest of Istanbul Mayor Ekrem Imamoglu.
2025-05-30