01.09.2025 16:07
The program implemented by the Minister of Treasury and Finance, Mehmet Şimşek, to stabilize the Turkish economy is bearing fruit. The Turkish economy grew by 4.8% year-on-year in the second quarter of the year.
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TUIK announced the growth figures for the second quarter of 2025. The Gross Domestic Product (GDP) first estimate for the second quarter of 2025; as a chained volume index, increased by 4.8% compared to the same quarter of the previous year.
CONSTRUCTION SECTOR INCREASED BY 10.9%
When examining the activities that constitute GDP; in the second quarter of 2025, compared to the previous year, as a chained volume index; the total value added of the construction sector increased by 10.9%, information and communication activities by 7.1%, the industrial sector by 6.1%, trade, transportation, accommodation, and food services by 5.6%, professional, administrative, and support service activities by 5.4%, taxes on products minus subsidies by 3.0%, financial and insurance activities by 2.6%, real estate activities by 2.6%, and other service activities by 2.1%. The agricultural sector decreased by 3.5%, while public administration, education, human health, and social service activities decreased by 1.2%.
The seasonally and calendar-adjusted GDP chained volume index increased by 1.6% compared to the previous quarter. The calendar-adjusted GDP chained volume index increased by 4.6% in the second quarter of 2025 compared to the same quarter of the previous year.
GDP'S SECOND QUARTER VALUE REALIZED AS 377 BILLION 622 MILLION
The Gross Domestic Product estimate by the production method increased by 43.7% in current prices compared to the same quarter of the previous year, reaching 14 trillion 578 billion 556 million TL in the second quarter of 2025. The second quarter value of GDP in current prices was realized as 377 billion 622 million in US dollars.
The final consumption expenditures of resident households increased by 5.1% in the second quarter of 2025 compared to the same quarter of the previous year as a chained volume index. While the government's final consumption expenditures decreased by 5.2%, gross fixed capital formation increased by 8.8%.
CHAINED VOLUME INDEX INCREASED BY 1.7%
Exports of goods and services increased by 1.7% in the second quarter of 2025 compared to the same quarter of the previous year as a chained volume index, while imports increased by 8.8%.
Labor payments increased by 42% in the second quarter of 2025 compared to the same quarter of the previous year. Net operating surplus/mixed income increased by 46.3%. The share of labor payments in current prices within Gross Value Added was 38.8% in the second quarter of last year, while this rate was 38.4% in 2025. The share of net operating surplus/mixed income increased from 39.5% to 40.2%.
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