Turkey’s economy grew 4.8 percent in Q2, exceeding expectations

Turkey’s economy expanded by 4.8 percent in the second quarter of 2025 compared to the same period a year earlier, according to data released on Monday by the Turkish Statistical Institute (TurkStat).

On a seasonally and calendar-adjusted basis, GDP rose 1.6 percent from the previous quarter.

The growth rate exceeded estimates from earlier Reuters and Anadolu Agency polls, which had put year-on-year growth expectations at around 4.1 percent and 3.9 percent, respectively.

Sectoral performance varied. Construction led the expansion, with output rising 10.9 percent. Information and communications grew 7.1 percent, and industry climbed 6.1 percent. Trade, transportation, accommodation and food services increased by 5.6 percent, and professional, administrative and support services by 5.4 percent. Financial and insurance activities and real estate each rose 2.6 percent.

In contrast, agriculture, forestry and fishing contracted by 3.5 percent, while public administration, education, human health and social work services fell by 1.2 percent.

At current prices, GDP reached 14.58 trillion lira, about $378 billion, up 43.7 percent from a year earlier.