Türkiye records 3.7% growth in Q3 2025
Türkiye records 3.7% growth in Q3 2025
The Turkish Statistical Institute (TÜİK) has published the Gross Domestic Product (GDP) data for the third quarter of 2025. According to these figures, Türkiye’s economy grew by 3.7% compared to the same quarter of the previous year, and by 1.1% compared to the previous quarter. TÜİK thus released the economic growth results covering the July–September 2025 period.
The seasonally and calendar-adjusted chain-linked volume index of GDP increased by 1.1% compared to the previous quarter. Calendar-adjusted GDP increased by 3.4% in the third quarter of 2025 year-on-year. The economy had expanded by 1.6% quarter-on-quarter and 4.9% year-on-year in the second quarter.
Sharp annual contraction in agriculture
Looking at the activities that make up GDP, in the third quarter of 2025, in chain-linked volume terms and year-on-year:
- construction increased by 13.9%,
- financial and insurance activities by 10.8%,
- information and communication by 10.1%,
- taxes on products net of subsidies by 9.6%,
- other service activities by 7.1%,
- the industrial sector by 6.5%,
- trade, transportation, accommodation and food services by 6.3%,
- professional, administrative and support services by 4.4%,
- real estate activities by 4.2%,
- public administration, education, human health and social work activities by 2.1%.
In contrast, the agricultural sector fell by 12.7%.
GDP by the production method increased by 41.6% in current prices in the third quarter of 2025 compared with the same quarter of the previous year, reaching 17,424,718,000,000 TL.
The value of GDP for the third quarter in current prices amounted to 432.88 billion USD.
Consumption expenditures increased by 4.8%
Final consumption expenditures of resident households rose by 4.8% in chain-linked volume terms in the third quarter of 2025 compared with the previous year.
Final consumption expenditures of the government increased by 0.8%, and gross fixed capital formation by 11.7%.
In the third quarter of 2025, exports of goods and services decreased by 0.7% in chain-linked volume terms year-on-year, while imports increased by 4.3%.
Labour share declines on a quarterly basis
Compensation of employees increased by 41.1% in the third quarter of 2025 compared to the previous year. Net operating surplus/mixed income rose by 43.5%.
The share of compensation of employees in Gross Value Added at current prices was 35.0% in the third quarter of last year, and remains 35.0% in 2025.
However, a decrease of 3.4 percentage points is observed compared with the previous quarter. In the second quarter, this share stood at 38.4%.
The share of net operating surplus/mixed income increased from 46.0% to 46.7%.
***
Source : Dünya, Decemer 1st, 2025. Article translated by Advantis Conseils Turquie.
