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. source: Turkish Statistical Institute

The Gross Domestic Product (GDP) in Turkey expanded 2.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey averaged 4.85 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 June of 2026.

The Gross Domestic Product (GDP) in Turkey expanded 2.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Turkey is expected to be 2.90 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
2026-03-02 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 2.5% 3.4% 2.7% 3.1%
2026-08-31 07:00 AM
GDP Growth Rate YoY
Q2 2.5% 2.9%


Related Last Previous Unit Reference
Full Year GDP Growth 3.60 3.30 percent Dec 2025
GDP Growth Rate YoY 2.50 3.40 percent Mar 2026
GDP Constant Prices 550837232.00 658819890.00 TRY Thousand Mar 2026
GDP from Agriculture 12969655.00 27168524.00 TRY Thousand Mar 2026
GDP from Construction 29170480.00 32343759.00 TRY Thousand Mar 2026
GDP from Manufacturing 91131853.00 102301445.00 TRY Thousand Mar 2026
GDP from Public Administration 57245933.00 56026467.00 TRY Thousand Mar 2026
GDP from Services 138614708.00 169996544.00 TRY Thousand Mar 2026
GDP Growth Rate 0.10 0.40 percent Mar 2026
Gross Fixed Capital Formation 144159104.00 175811793.00 TRY Thousand Mar 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
2.50 3.40 22.40 -14.70 1996 - 2026 percent Quarterly
NSA

News Stream
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
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