A man shops at a supermarket in Ankara, Türkiye, Sept. 1, 2025. Türkiye's economy grew 4.8 percent in the second quarter compared with a year earlier, beating market forecasts, official data showed on Monday. (Mustafa Kaya/Handout via Xinhua)
ANKARA, Sept. 1 (Xinhua) -- Türkiye's economy grew 4.8 percent in the second quarter compared with a year earlier, beating market forecasts, official data showed on Monday.
The Turkish Statistical Institute said gross domestic product (GDP), adjusted for seasonal and calendar effects, rose 1.6 percent from the first quarter. Growth picked up from a revised 2.3 percent in January-March.
A survey by the semi-official Anadolu Agency had predicted 3.87 percent annual growth for April-June. The government is targeting 4 percent growth this year and is expected to update its forecasts this month.
Construction and industry were the main drivers of growth, while agriculture shrank. On the spending side, household consumption and investment supported growth, but government spending fell.
Treasury and Finance Minister Mehmet Simsek said the second-quarter results, helped by calendar effects and a low base, showed Türkiye's economic program was on track. "With the rise in annual growth and the continuation of disinflation, the success of our program has become clear," he said in a statement.
He added that output rose in all sectors except agriculture, which contracted due to frost damage. Manufacturing had its best performance in three years, with high-tech production up 40 percent from a year earlier.
Simsek also said Türkiye's annualized national income was nearing 1.5 trillion U.S. dollars. ■
People walk past Türkiye's central bank in Ankara, Türkiye, Sept. 1, 2025. Türkiye's economy grew 4.8 percent in the second quarter compared with a year earlier, beating market forecasts, official data showed on Monday. (Mustafa Kaya/Handout via Xinhua)
This photo taken on Sept. 1, 2025 shows a view of Türkiye's central bank in Ankara, Türkiye. Türkiye's economy grew 4.8 percent in the second quarter compared with a year earlier, beating market forecasts, official data showed on Monday. (Mustafa Kaya/Handout via Xinhua)