(MENAFN) Türkiye’s economy expanded by 3.7% in the third quarter compared with the same period last year, according to official figures released Monday by the national statistics authority. The data showed that gross domestic product rose sharply in value terms, climbing 41.6% to reach 17.42 trillion Turkish liras during July–September.

Earlier in the year, growth stood at 2.5% in the first quarter and accelerated to 4.9% in the second. Prior to the new release, economists surveyed in recent reports had forecast Q3 growth at around 3.97%, with full-year expansion projected at roughly 3.49%.

Quarterly momentum continued as well, with GDP increasing 1.1% from the previous three-month period, though this marked a slowdown from the 1.6% rise recorded earlier.

Responding to the new results, Finance Minister Mehmet Simsek said that growth over the first nine months averaged 3.7%, and that Türkiye’s annualized national income has moved above $1.5 trillion. “We anticipate that growth will remain moderate in the last quarter and will slightly exceed the Medium-Term Program in 2025,” he stated.

Simsek added that economic activity is expected to improve further in 2026, supported by more favorable financial conditions and a healthier global environment. "We assess that growth will continue to support the decline in inflation," he said.

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