Turkey Reports Economic Growth in First Quarter of 2026
Figures from the Turkish Statistical Institute (TurkStat) showed that gross domestic product (GDP), based on the chain-linked volume index, increased by 2.5% in the January–March period compared with the same quarter in the previous year.
The expansion marks a decline from the 3.4% growth recorded in the previous quarter and came in slightly below market forecasts, which had expected a 2.7% increase.
In nominal terms, GDP at current prices rose by 35.7% year-on-year, reaching 16.99 trillion Turkish liras (approximately $389.6 billion) in the first quarter.
Across sectors, information and communication posted the strongest performance, with value added rising 9.5% annually. Other service activities followed with 5.2% growth, while agriculture, forestry, and fishing increased by 4.6%.
Meanwhile, trade, transportation, accommodation, and food services grew by 3.7%, financial and insurance activities by 3.5%, and construction by 3.2%.
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