403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Türkiye's Q1 2026 GDP Grows 2.5 Percent
(MENAFN) Türkiye's economy expanded 2.5% year-on-year in the first quarter of 2026, official data revealed Monday — falling short of market expectations and marking a deceleration from the prior quarter's pace.
Gross domestic product, measured by the chain-linked volume index, grew 2.5% in the January–March period against the same quarter a year earlier, according to the Turkish Statistical Institute (TurkStat). The reading trailed analyst forecasts of 2.7% and slowed considerably from the 3.4% growth recorded in the preceding quarter.
In nominal terms, GDP surged 35.7% year-on-year to 16.99 trillion Turkish liras — equivalent to $389.6 billion — at current prices.
The information and communication sector led all industries with the strongest annual growth, posting a 9.5% rise in value added. Other service activities followed at 5.2%, with agriculture, forestry, and fishing expanding 4.6%. Trade, transportation, accommodation, and food services grew 3.7%, while financial and insurance activities and construction rose 3.5% and 3.2%, respectively. Real estate activities added 3%, and professional, administrative, and support service activities climbed 1.9%. Public administration, education, human health, and social work rounded out the sectoral picture with 1.8% growth, while taxes less subsidies on products increased 2%.
A notable drag on the overall figure came from the industrial sector, which contracted 0.8% over the period.
On the demand side, household final consumption expenditure rose 4.8% year-on-year, while government final consumption expenditure increased 2.1%. Gross fixed capital formation climbed 3%. Trade data presented a more challenging picture, with exports of goods and services declining sharply by 12.7% year-on-year, while imports fell 2%.
Gross domestic product, measured by the chain-linked volume index, grew 2.5% in the January–March period against the same quarter a year earlier, according to the Turkish Statistical Institute (TurkStat). The reading trailed analyst forecasts of 2.7% and slowed considerably from the 3.4% growth recorded in the preceding quarter.
In nominal terms, GDP surged 35.7% year-on-year to 16.99 trillion Turkish liras — equivalent to $389.6 billion — at current prices.
The information and communication sector led all industries with the strongest annual growth, posting a 9.5% rise in value added. Other service activities followed at 5.2%, with agriculture, forestry, and fishing expanding 4.6%. Trade, transportation, accommodation, and food services grew 3.7%, while financial and insurance activities and construction rose 3.5% and 3.2%, respectively. Real estate activities added 3%, and professional, administrative, and support service activities climbed 1.9%. Public administration, education, human health, and social work rounded out the sectoral picture with 1.8% growth, while taxes less subsidies on products increased 2%.
A notable drag on the overall figure came from the industrial sector, which contracted 0.8% over the period.
On the demand side, household final consumption expenditure rose 4.8% year-on-year, while government final consumption expenditure increased 2.1%. Gross fixed capital formation climbed 3%. Trade data presented a more challenging picture, with exports of goods and services declining sharply by 12.7% year-on-year, while imports fell 2%.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
Comments
No comment