The Turkish economy recorded annual growth of 3.6% in 2025, according to data released in the last few hours by the Turkish Statistical Institute (TÜİK). In the fourth quarter alone, Turkey’s GDP grew by 3.4%, down slightly from 3.8% in the previous quarter, pointing to a slight moderation in the pace of growth.
At current prices, Gross Domestic Product increased by 41.3% over 2024 and reached 63.209 trillion liras ($1.59 trillion) in 2025, according to the TÜİK report. The data indicate that industry grew by 2.9% for the year as a whole, while manufacturing output increased by 3.1%. In contrast, the agricultural sector contracted by 8.8% after growing by 5.1% in 2024, largely due to drought and frosts. Construction accelerated its growth from 9.9% in the previous year to 10.8% in 2025.
The statistics further indicate that household consumption increased by 4.1% in 2025 compared to the previous year, accounting for 54.4% of Turkey’s GDP at current prices. Household final expenditure rose by 5.2%, while government final expenditure grew by 0.8% during the same period.
On the other hand, exports of goods and services fell by 0.3% in 2025 in chain-linked volume terms compared with the previous year, while imports increased by 4.9% over the year as a whole. In the fourth quarter of 2025 alone, exports fell by 2.3% compared to the same period of the previous year, while imports grew by 3.8%.
Assessing the latest figures on the Turkish economy, Turkish Finance Minister Mehmet Şimşek noted that both consumption and investment maintained balanced developments over the past year, and expressed confidence that the current geopolitical risks – especially due to the ongoing conflict in Iran – are temporary and that reduced uncertainties in global trade, stronger demand from Ankara’s trading partners and improved financial conditions will boost economic growth in 2026.
VOTE
EDITORIAL TEAM
🧿 About us
.
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.
…
📣 Your ADVERTISING on Hispanatolia
.
🤗 HELP US WITH A DONATION:
💗 Paypal
