Turkish Economy Records 2.3 Percent Growth in the Second Quarter of the Year
According to data from the Turkish Statistical Institute, the Turkish economy recorded a growth rate of 2.3 percent in the second quarter of 2026, extending its uninterrupted growth streak to the 24th quarter.
According to the Gross Domestic Product results for the April-June period of 2026 announced by the Turkish Statistical Institute, the Turkish economy grew by 2.3 percent compared to the same period of the previous year. Thus, the uninterrupted growth series reached 24 quarters, while GDP at current prices amounted to 19 trillion 869 billion 747 million liras.
Growth Rate and Quarter Series
The Turkish Statistical Institute shared the Gross Domestic Product results for the April-June period of 2026 with the public.
According to the released data, the Turkish economy recorded a growth rate of 2.3 percent in the second quarter of 2026 compared to the same period of the previous year.
With this rate, the country's uninterrupted growth process has been carried over to the 24th quarter.
GDP Values and Indices
Gross Domestic Product calculated by the production method increased by 36 percent at current prices compared to the same quarter of the previous year.
In this context, total GDP reached 19 trillion 869 billion 747 million liras, while it materialized as 438 billion 347 million dollars in dollar terms.
The seasonally and calendar-adjusted chained volume index recorded an increase of 1.1 percent compared to the previous quarter.
Sectoral Developments
When economic activities are examined, the highest growth rate in the second quarter was seen in the agriculture, forestry, and fishing sector at 13.3 percent.
Information and communication activities grew by 8.6 percent, while public administration, education, human health, and social service activities posted a 4.0 percent increase.
The construction sector, on the other hand, recorded a 1.9 percent decline, marking it as the sole contracting main sector of the period.
Expenditure Components
When expenditure components are examined, household final consumption expenditures experienced a 3.5 percent increase.
In contrast, government final consumption expenditures decreased by 1.8 percent in the same period.
Gross fixed capital formation showed an increase of 0.6 percent.
Labor Force Payments and Shares
Labor force payments recorded an increase of 36.7 percent in the second quarter of 2026.
Net operating surplus and mixed income showed a 38.7 percent increase in the same period.
While the share of labor force payments in Gross Value Added at current prices declined to 38.1 percent, the share of net operating surplus and mixed income rose to 41.6 percent.
Cumulative Sectoral Growth
In the 24-quarter cumulative period from the third quarter of 2020 to the second quarter of 2026, the fastest-growing sector was information and communication at 58 percent.
The average annual growth rate of the information and communication sector was recorded at the level of 9.7 percent.