Türkiye’s Gross Domestic Product (GDP) increased by 4.8% in the second quarter of 2025 compared to the same period last year, according to a statement released by the Turkish Statistical Institute on Monday.

Measured using the chain-linked volume index (2009=100), the growth reflects robust performances in several key sectors, despite declines in agriculture and public services.

The construction sector led the way, surging by 10.9%, followed by information and communication at 7.1%, and industry at 6.1%. Other sectors contributing to growth included trade, transportation, accommodation, and food services (5.6%), professional, administrative, and support services (5.4%), financial and insurance activities (2.6%), real estate (2.6%), and other service activities (2.1%). However, agriculture, forestry, and fishing contracted by 3.5%, while public administration, education, human health, and social work activities fell by 1.2%.

On a seasonally and calendar-adjusted basis, GDP rose by 1.6% compared to the previous quarter. Calendar-adjusted GDP grew by 4.6% year-on-year. At current prices, GDP reached 14.58 trillion Turkish Lira (TRY), equivalent to $377.62 billion USD, marking a 43.7% increase from the previous year.Household final consumption expenditure rose by 5.1%, while gross fixed capital formation jumped by 8.8%. However, government final consumption expenditure declined by 5.2%. On the trade front, exports of goods and services grew by 1.7%, while imports saw a stronger increase of 8.8% in the chain-linked volume index.

In terms of income distribution, compensation of employees rose by 42.0%, and net operating surplus/mixed income increased by 46.3%. The share of employee compensation in Gross Value Added was 38.4% in Q2 2025, slightly down from 38.8% a year earlier, while the share of net operating surplus/mixed income rose to 40.2% from 39.5%.

The strong GDP growth underscores Türkiye’s economic resilience, with construction and information sectors driving momentum, though challenges remain in agriculture and public services. (ILKHA)