Türkiye’s economy grew 2.3 percent year-on-year in the second quarter of 2026, official data showed on Aug. 31.
Gross domestic product (GDP) expanded 1.1 percent from the previous quarter on a seasonally and calendar-adjusted basis, according to the Turkish Statistical Institute (TÜİK).
Agriculture, forestry and fishing recorded the strongest annual growth among economic activities, with value added rising 13.3 percent in the April-June period.
Information and communication grew 8.6 percent, followed by public administration, education, human health and social work activities at 4 percent.
Value added increased 3.2 percent in other service activities, 2.4 percent in industry, and 2.1 percent each in financial and insurance activities and real estate.
Professional, administrative and support services expanded 2 percent, while trade, transportation, accommodation and food services posted growth of 0.5 percent.
Construction was the only major sector to contract, falling 1.9 percent from a year earlier.
At current prices, Türkiye’s GDP rose 36 percent year-on-year to 19.87 trillion Turkish liras ($438.35 billion) in the second quarter.
Household final consumption expenditure increased 3.5 percent annually in volume terms, while government consumption declined 1.8 percent.
Gross fixed capital formation, a measure of investment, grew 0.6 percent from the same period last year.
Exports of goods and services fell 3.4 percent year-on-year, while imports decreased by a sharper 6.4 percent.
Treasury and Finance Minister Mehmet Şimşek said Türkiye’s annualized national income exceeded $1.7 trillion in the second quarter.
He noted that the economy achieved balanced growth with support from both domestic and external demand, as private consumption rose 3.5 percent and investment increased 0.6 percent, while net external demand contributed positively.
The annualized current account deficit stood at $38.9 billion, equivalent to 2.3 percent of GDP, which Şimşek described as a sustainable level.
Şimşek said strengthening macroeconomic fundamentals were increasing the economy’s resilience to shocks, adding that growth was expected to accelerate gradually amid progress in disinflation and more supportive global conditions.
Annual GDP grows 3.7 percent in 2025
Separately, TÜİK’s independent annual GDP calculations showed that the Turkish economy expanded 3.7 percent in 2025.
GDP at current prices increased 41.6 percent to 63.24 trillion liras last year, while GDP per capita stood at 714,682 liras, or $18,103.
Manufacturing accounted for the largest share of GDP at 15.6 percent, followed by wholesale and retail trade and motor vehicle repairs at 12.9 percent, and real estate activities at 9.2 percent.
Construction posted the strongest sectoral growth in 2025, rising 11 percent, followed by arts, entertainment and recreation at 8.5 percent, and information and communication at 7.9 percent.
Agriculture, forestry and fishing contracted 8.5 percent, while water supply, sewerage and waste management declined 5 percent.
Household consumption grew 4.2 percent in 2025 and accounted for 54.4 percent of GDP. Gross fixed capital formation increased 7.3 percent, while government consumption rose 1 percent.
Exports of goods and services declined 0.6 percent, while imports increased 4.6 percent last year.
