Turkey’s economy grew by 4.8% year-on-year in the second quarter of 2025, above even economists’ expectations, according to official data released today by the Turkish Statistical Institute (TÜİK), reflecting a good pace of growth after Turkish GDP grew at 2.3% in the first quarter of 2025.
According to the report published by TÜİK, Turkey’s Gross Domestic Product (GDP) at current prices soared 43.7% to 14.62 trillion Turkish lira ($377.6 billion) between April and June. Only a few days ago, a group of economists consulted by the Anatolia agency had estimated that the Turkish economy’s growth rate would not reach 4% in the second quarter, reaching 4.1% in the most optimistic forecasts.
Household final consumption expenditure rose by 5.1% year-on-year in the second quarter, after having grown by only 1.6% in the previous quarter, with household spending accounting for 54.3% of GDP generated by the Eurasian country during the period between April and June. By contrast, final government spending – which had risen by 1.9% in the first quarter – fell by 5.2% year-on-year in the second quarter.
Exports of goods and services increased by 1.7% in the second quarter after having grown by only 0.1% in the previous period. Imports, on the other hand, surged from 2.7% in the first quarter to 8.8% in the second quarter.
Turkey’s industrial sector grew by 6.1% year-on-year, while construction remained an important driver of the Turkish economy, increasing by 10.9%. By contrast, agricultural production – affected by climate change-related problems – contracted by 3.5% in the second quarter of 2025, having already declined by 2.1% in the first quarter.
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Edited and reviewed by:
Pablo Gómez is a specialist in Turkey and has been editor-in-chief of Hispanatolia since 2011. He has been analysing current affairs and geopolitics in Turkey and the surrounding region since 2006.
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