Flag of tr

Turkey GDP Growth Rate (QoQ)

Turkey's Quarter-over-Quarter GDP growth rate was 0.7% in Q1 2025 and accelerated to 1.6% in Q2 2025. This acceleration was driven by an 8.8% surge in investment activity and a 10.9% expansion in the construction sector. Household consumption also increased by 5.1% in Q2 2025, showing resilient domestic demand. Turkey's record low GDP growth rate was -10.4% in Q2 2020 and record high was 16.4% in Q3 2020.

Quarterly Historical Data (1998-2025)

(in %)
Quarter GDP Growth Rate (QoQ)
Q2 2025 1.6%
Q1 2025 0.7%
Q4 2024 1.7%
Q3 2024 -0.1%
Q2 2024 -0.2%
Q1 2024 1%
Q4 2023 1.2%
Q3 2023 0.2%
Q2 2023 4%
Q1 2023 0.1%
Q4 2022 1.1%
Q3 2022 0.5%
Q2 2022 1.4%
Q1 2022 0.2%
Q4 2021 1.6%
Q3 2021 3.6%
Q2 2021 1.7%
Q1 2021 2%
Q4 2020 1.5%
Q3 2020 16.4%
Q2 2020 -10.4%
Q1 2020 0.7%
Q4 2019 1.3%
Q3 2019 -0.4%
Q2 2019 2.6%
Q1 2019 1.9%
Q4 2018 -3.2%
Q3 2018 -1.6%
Q2 2018 0.7%
Q1 2018 1.5%
Q4 2017 1.9%
Q3 2017 1.5%
Q2 2017 2.3%
Q1 2017 1.4%
Q4 2016 5.5%
Q3 2016 -2.9%
Q2 2016 1.4%
Q1 2016 0.4%
Q4 2015 1.2%
Q3 2015 1.4%
Q2 2015 1.5%
Q1 2015 1.9%
Q4 2014 1.3%
Q3 2014 2.5%
Q2 2014 -1.6%
Q1 2014 2.9%
Q4 2013 0.2%
Q3 2013 1.5%
Q2 2013 2.9%
Q1 2013 2.9%
Q4 2012 1.6%
Q3 2012 1.8%
Q2 2012 1.7%
Q1 2012 -0.9%
Q4 2011 1.4%
Q3 2011 2.7%
Q2 2011 2.7%
Q1 2011 2.3%
Q4 2010 3%
Q3 2010 2.8%
Q2 2010 3.8%
Q1 2010 -0.3%
Q4 2009 2%
Q3 2009 2.4%
Q2 2009 4%
Q1 2009 -5.7%
Q4 2008 -2.5%
Q3 2008 -1.8%
Q2 2008 -3.5%
Q1 2008 2.1%
Q4 2007 3.4%
Q3 2007 0.6%
Q2 2007 0%
Q1 2007 1.8%
Q4 2006 2.3%
Q3 2006 -0.8%
Q2 2006 3%
Q1 2006 1.1%
Q4 2005 3.3%
Q3 2005 1.4%
Q2 2005 0.4%
Q1 2005 4.6%
Q4 2004 1.6%
Q3 2004 1.1%
Q2 2004 2.3%
Q1 2004 2.8%
Q4 2003 3%
Q3 2003 2.9%
Q2 2003 0.3%
Q1 2003 0.1%
Q4 2002 2.1%
Q3 2002 1.4%
Q2 2002 4.3%
Q1 2002 3.8%
Q4 2001 -1.7%
Q3 2001 1.3%
Q2 2001 -4.8%
Q1 2001 -5.1%
Q4 2000 1.4%
Q3 2000 1.5%
Q2 2000 3.9%
Q1 2000 1.6%
Q4 1999 3%
Q3 1999 -1.7%
Q2 1999 -0.6%
Q1 1999 -1.7%
Q4 1998 -0.3%
Q3 1998 -1.4%
Q2 1998 -0.8%

Recent Events

datetime event actual previous consensus
2025-09-01 03:00 AM GDP Growth Rate QoQ (Q2) 1.6% 0.7% -
Turkey GDP Growth Rate (QoQ) : Definition
Turkey's quarter-over-quarter GDP growth rate shows the percentage change in the total economic output produced within Turkey from one quarter to the next. It is calculated by comparing the current quarter's seasonally adjusted GDP value, measured in Turkish Lira, against the previous quarter's value.
Indicator Last Value Prior Value Period
GDP $1.32T $1.12T 2024
GDP Annual Growth Rate 3.18% 5.11% 2024
GDP Growth Rate (YoY) 4.8% 2.3% Jun'25
GDP per Capita $15,147.84 $14,713.57 2024
GDP per Capita PPP $35,294.39 $34,282.54 2024
R&D Expenditure (% GDP) 1.32% 1.4% 2022
Real GDP $1.3T $1.26T 2024