Growth Data for the Second Quarter Announced
In a report published on August 31, 2026, the Turkish Statistical Institute presented the quarterly gross domestic product results for the second quarter of 2026. According to the report, gross domestic product measured by the chain-linked volume index increased by 2.3% compared with the same quarter of the previous year. In the seasonally and calendar-adjusted calculation, growth stood at 1.1% compared with the previous quarter. The calendar-adjusted annual growth rate was determined as 2.3%. Visual: DHA
The gross domestic product estimate calculated using the production method increased by 36% in the second quarter of 2026 at current prices compared with the same period of the previous year. Thus, the value rose to 19 trillion 869 billion 747 million TL. During the same period, gross domestic product was calculated at 438 billion 347 million dollars at current prices in US dollar terms.
Changes in the Value Added of Sectors
It was observed that sectors grew or contracted at different rates based on the economic activities that make up GSYH. The performance of the sectors according to the chain-linked volume index in the second quarter of 2026 was as follows:
Agriculture, forestry and fishing: 13.3% increase
Information and communication activities: 8.6% increase
Public administration, education, human health and social work activities: 4.0% increase
Taxes less subsidies on products: 3.3% increase
Other service activities: 3.2% increase
Industry sector: 2.4% increase
Financial and insurance activities: 2.1% increase
Real estate activities: 2.1% increase
Professional, administrative and support service activities: 2.0% increase
Trade, transportation, accommodation and food services: 0.5% increase
Construction sector: 1.9% decrease
Despite the contraction recorded in the domestic market by the construction sector, the rise of Turkish construction companies that continue to operate globally to second place in the world in the ENR rankings demonstrated the contribution of overseas contracting projects to the sector.
Expenditures and Foreign Trade Balance
According to data on gross domestic product calculated using the expenditure approach, final consumption expenditures of resident households increased by 3.5% in the second quarter of 2026 compared with the same period of the previous year, based on the chain-linked volume index. During this period, government final consumption expenditures decreased by 1.8%, while gross fixed capital formation increased by 0.6%. Exports of goods and services increased by 3.4%, while imports decreased by 6.4%.
Labor Payments and Shares of Value Added
According to data calculated using the income approach, labor payments increased by 36.7% year-on-year in the second quarter of 2026. Net operating surplus/mixed income increased by 38.7%. The share of labor payments in gross value added at current prices declined from 38.3% in the same quarter of the previous year to 38.1%. The share of net operating surplus/mixed income rose from 41.3% to 41.6%.