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Turkish economy grows by almost four per cent in third quarter
(MENAFN) Türkiye’s economy expanded by 3.7% year-on-year in the third quarter of 2025, official data from the Turkish Statistical Institute (TurkStat) showed on Monday.
Gross domestic product (GDP) at current prices rose 41.6% to 17.42 trillion Turkish liras ($409.6 billion) in July–September. In the previous quarters, the economy grew 4.9% in Q2 and 2.5% in Q1.
Quarterly GDP increased 1.1% in Q3, slightly down from 1.6% in the previous quarter. Economists surveyed by Anadolu had predicted a 3.97% growth rate for the quarter and 3.49% for the full year.
Finance Minister Mehmet Şimşek said that annual growth in the first nine months reached 3.7%, with the annualized national income exceeding $1.5 trillion. He noted that growth is expected to remain moderate in Q4 but slightly exceed targets in the Medium-Term Program for 2025.
Looking ahead, Şimşek expressed optimism for 2026, citing favorable financial conditions and a supportive global economy, and added that continued growth is expected to help reduce inflation.
Gross domestic product (GDP) at current prices rose 41.6% to 17.42 trillion Turkish liras ($409.6 billion) in July–September. In the previous quarters, the economy grew 4.9% in Q2 and 2.5% in Q1.
Quarterly GDP increased 1.1% in Q3, slightly down from 1.6% in the previous quarter. Economists surveyed by Anadolu had predicted a 3.97% growth rate for the quarter and 3.49% for the full year.
Finance Minister Mehmet Şimşek said that annual growth in the first nine months reached 3.7%, with the annualized national income exceeding $1.5 trillion. He noted that growth is expected to remain moderate in Q4 but slightly exceed targets in the Medium-Term Program for 2025.
Looking ahead, Şimşek expressed optimism for 2026, citing favorable financial conditions and a supportive global economy, and added that continued growth is expected to help reduce inflation.
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