How Much Did Turkey’s Economy Grow in 2025?

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.

• 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