According to the latest data released by the Türkiye İstatistik Kurumu (TÜİK), Turkey’s economy expanded by 3.6% in 2025. Growth in the fourth quarter came in at 3.4%, slightly below market expectations.
Economists had forecast full-year growth of around 3.7%, indicating that the actual figures fell marginally short of projections.
Growth Momentum Continues to Slow
The latest data highlights a gradual slowdown in Turkey’s economic growth in recent years. After expanding by 5% in 2023, growth eased to 3.3% in 2024 and remained moderate in 2025.
GDP per capita reached 712,200 Turkish lira in 2025, equivalent to approximately $18,040.
Construction Sector Remains the Main Driver
Sectoral data revealed significant divergence across industries. The construction sector once again led growth, while agriculture contracted sharply.
Have you read these?
Turkish Game Company Peak Games Sold to Zynga for $1 Billion
How Much Will the Turkish and German Economies Grow in 2026?- Construction: +10.8%
- Information and communication: +8%
- Agriculture: –8.8%
This suggests that economic growth continues to be driven largely by domestic demand and construction activity.
Limited Quarterly Expansion
On a seasonally and calendar-adjusted basis, Turkey’s economy grew by just 0.4% quarter-on-quarter in the final quarter of 2025.
The data points to a loss of momentum in economic activity toward the end of the year.
2026 Growth Outlook at 3.8%
Finance Minister Mehmet Şimşek said growth could accelerate in 2026, supported by improving global demand and financial conditions.
The government’s official growth target for 2026 stands at 3.8%.
Source: TÜİK
