Turkish Economy Recorded 2.3 Percent Growth in the Second Quarter
The Turkish economy grew by 2.3 percent year-on-year in the second quarter of 2026, extending its uninterrupted growth streak to 24 quarters.
According to data from the Turkish Statistical Institute, the Turkish economy grew by 2.3 percent in the second quarter of 2026 compared to the same period of the previous year. With this result, the economy continued to grow for 24 consecutive quarters, while the growth rate for the first quarter of the year was revised to 2.6 percent.
Gross Domestic Product Figures
In the second quarter, Gross Domestic Product at current prices was calculated as 19 trillion 869 billion 747 million liras. The GDP value in US dollar terms stood at 438 billion 347 million dollars.
Sectoral Growth and Contraction Data
On a sectoral basis, the agriculture, forestry, and fishing sector increased by 13.3 percent. Information and communication activities recorded a growth of 8.6 percent, and the industrial sector grew by 2.4 percent.
On the other hand, the construction sector experienced a contraction of 1.9 percent, drawing attention to sectoral divergence in economic activities.
Consumption and Foreign Trade Trends
Resident household consumption expenditures increased by 3.5 percent in the second quarter of the year. In the same period, exports of goods and services decreased by 3.4 percent, while imports decreased by 6.4 percent.
Growth Expectation from Minister Şimşek
Treasury and Finance Minister Mehmet Şimşek stated that they expect growth to gradually increase in the upcoming period thanks to progress in the disinflation process and supportive global conditions.
Busy Data Calendar for the Upcoming Period
In September, inflation, industrial production, and foreign trade indicators will be closely monitored. Additionally, the Central Bank's interest rate decision and the Medium-Term Program covering the 2027-2029 period will be followed.