Türkiye records 2.5% GDP growth in Q1 2026

Türkiye records 2.5% GDP growth in Q1 2026

Mixed sectoral performance

Based on chain-linked volume indices and year-on-year growth rates, the main economic sectors performed as follows:

• Information and communication: +9.5%
• Other service activities: +5.2%
• Agriculture: +4.6%
• Trade, transportation, accommodation and food services: +3.7%
• Financial and insurance activities: +3.5%
• Construction: +3.2%
• Real estate activities: +3.0%
• Taxes on products less subsidies: +2.0%
• Professional, administrative and support services: +1.9%
• Public administration, education, human health and social services: +1.8%

In contrast, the industrial sector contracted by 0.8%.

Strong increase in nominal GDP

GDP calculated using the production approach increased by 35.7% in current prices year-on-year, reaching TRY 16.999 trillion in the first quarter of 2026.

In US dollar terms, GDP amounted to USD 389.6 billion during the period.

Consumption and investment remain resilient

Household final consumption expenditure increased by 4.8% in chain-linked volume terms compared to the first quarter of 2025.

Government final consumption expenditure rose by 2.1%, while gross fixed capital formation increased by 3.0%.

Significant decline in external trade

During the period, exports of goods and services decreased by 12.7%, while imports declined by 2.0%.

Labour income rises while GDP distribution remains stable

Compensation of employees increased by 35.9% year-on-year, while gross operating surplus/mixed income grew by 34.4%.

The share of labour compensation in gross value added remained stable at 42.7%, while the share of gross operating surplus/mixed income edged down from 36.3% to 35.8%.

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Source : Dünya, June 1st, 2026. Article translated by Advantis Conseils Turquie