According to TÜİK data, Türkiye’s economy grew by 2.3% in the second quarter of 2026 compared with the same period last year. Growth thus continued for 24 quarters. Seasonally and calendar-adjusted GSYH increased by 1.1% compared with the previous quarter. GSYH at current prices rose by 36% to 19 trillion 869 billion 747 million liras, reaching 438 billion 347 million dollars on a dollar basis. The highest growth was recorded in agriculture, forestry and fishing, at 13.3%; information and communication increased by 8.6%, while industry rose by 2.4%. Construction contracted by 1.9%. While household consumption increased by 3.5% and gross fixed capital formation rose by 0.6%, government consumption declined by 1.8%. Exports fell by 3.4% and imports by 6.4%. Labor payments increased by 36.7%, while net operating surplus/mixed income rose by 38.7%. Economists had expected growth of 2.8%. TÜİK revised growth in the first quarter of 2026 to 2.6%.
Why it matters
The growth data show that the expansion in the economy fell short of expectations and that momentum was not balanced across its components. While household consumption increased, the limited rise in investment and the decline in government consumption indicate that different components of domestic demand did not move in the same direction. The decline in exports and imports limited the contribution of foreign trade to growth, while the increases in agriculture and information and communication, together with the contraction in construction, reveal the divergence between sectors. The rise in labor payments and business incomes constitutes a separate area of focus for monitoring how growth is reflected in income items. The revision to the first-quarter data, meanwhile, means that assessments of previous periods need to be considered together with the updated series.
Background
Turkey is not a new name in the FikirPilot archive: over the past 90 days, we have published 15 news reports mentioning this name; the latest is dated August 29, 2026.