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%. source: Turkish Statistical Institute

The Gross Domestic Product (GDP) in Turkey expanded 3.40 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 4.87 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 March of 2026.

The Gross Domestic Product (GDP) in Turkey expanded 3.40 percent in the fourth 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
2025-12-01 07:00 AM
GDP Growth Rate YoY
Q3 3.7% 4.9% 4.2% 4.2%
2026-03-02 07:00 AM
GDP Growth Rate YoY
Q4 3.4% 3.8% 3.5% 3.2%
2026-06-01 07:00 AM
GDP Growth Rate YoY
Q1 3.4% 3.1%


Related Last Previous Unit Reference
Full Year GDP Growth 3.60 3.30 percent Dec 2025
GDP Growth Rate YoY 3.40 3.80 percent Dec 2025
GDP Constant Prices 658819890.00 647788329.00 TRY Thousand Dec 2025
GDP from Agriculture 27168524.00 57224402.00 TRY Thousand Dec 2025
GDP from Construction 32343759.00 36813677.00 TRY Thousand Dec 2025
GDP from Manufacturing 102301445.00 96788560.00 TRY Thousand Dec 2025
GDP from Public Administration 56026467.00 59516363.00 TRY Thousand Dec 2025
GDP from Services 169996544.00 160054219.00 TRY Thousand Dec 2025
GDP Growth Rate 0.40 1.00 percent Dec 2025
Gross Fixed Capital Formation 175811793.00 168519192.00 TRY Thousand Dec 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
3.40 3.80 22.40 -14.70 1996 - 2025 percent Quarterly
NSA

News Stream
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
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