Turkey GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

Units In

3.2

Frequency

Quarterly

Next Release

Dec 01, 2025

Time to Release

2 Months 28 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
21.7 Jun 2021	-14.5 Mar 2009	4.71 %	1999-2025	Turkish Statistical Institute

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.

Latest Updates

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.