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- October 16, 202612°
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- October 16, 202612°
Türkiye economy grows for 24th straight quarter, Vice President Yilmaz says
Türkiye's Vice President Cevdet Yilmaz said the country's economy grew by 2.3% in the second quarter of 2026, extending its uninterrupted growth streak to 24 consecutive quarters.
Türkiye's Vice President Cevdet Yilmaz presented up-to-date data on the state of the Turkish economy at the opening of the Istanbul Trade Congress, noting that growth has remained resilient amid rising uncertainty in the global economy.
Yilmaz said Türkiye's economy grew by 2.3% in the second quarter of 2026, extending the period of uninterrupted economic growth to 24 consecutive quarters.
Yilmaz noted that the global economy is experiencing a period of heightened geopolitical risks and uncertainty. He said Türkiye continues to strengthen its resilience through its production capacity and export opportunities.
The vice president said Türkiye's gross domestic product reached $1.6 trillion in 2025, while annual national income exceeded $1.7 trillion in the first half of 2026.
Speaking about foreign trade, Yilmaz said goods exports rose from $36 billion in 2002 to $273.2 billion in 2025. As of August 2026, annual goods exports had exceeded $280 billion.
Türkiye expects its exports to exceed $405 billion.
Yilmaz said Türkiye's services exports rose from $14 billion in 2002 to $125 billion in 2025, enabling the country to rank 22nd among the world's largest services exporters.
He also said Türkiye's surplus in services trade amounted to $63 billion, while total goods and services exports in 2025 approached $400 billion.
Türkiye's total exports are expected to exceed $405 billion in 2026. Yilmaz stressed that the country will continue efforts to strengthen production, exports and its position in global trade.
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