Turkey’s 2025 GDP Leap: 3.7% Growth and $18,103 Per Capita Income

Turkey’s Statistical Institute (TÜİK) released the 2025 GDP figures; real growth surged 3.7% year‑on‑year, pushing per‑capita income to $18,103.

Turkey’s 2025 GDP Leap

Chain‑linked volume index shows a 41.6% jump in GDP, reaching 63.240 trillion 524 billion TL. The engine behind this expansion is the manufacturing sector, accounting for 15.6% of total output.

Sectoral Momentum: Manufacturing, Trade, and Real Estate Surge

■Manufacturing leads with 15.6% share

■Wholesale & retail trade 12.9%

■Real‑estate activities 9.2%

■Construction posted an 11% annual increase

■Culture‑arts‑entertainment‑sports 8.5%, information‑communication 7.9%

Household Expenditure: Housing and Energy Shares

Resident household final consumption rose 4.2%, representing 54.4% of GDP. Expenditure breakdown:

■21.4% on food and non‑alcoholic beverages

■18% on housing, water, electricity, gas and other fuels

■15% on transport

Trade Balance: Export Dip, Import Surge

■Goods and services exports fell 0.6% while imports rose 4.6%

■Exports account for 24.7% of GDP, imports 25%

Gross Fixed Capital Formation & Government Spending Impact

Government final consumption remained at 13.9% of GDP, whereas gross fixed capital formation climbed to 30.7%, becoming the dominant component. Compared with the prior year, government spending grew 1%, and fixed‑capital formation increased 7.3%.

■Per‑capita GDP: 714,682 TL (current prices) / $18,103

■Fastest‑growing sectors: Construction 11%, culture‑arts‑entertainment‑sports 8.5%, information‑communication 7.9%

■Most‑contracting sectors: Agriculture‑forestry‑fishing 8.5%, water‑sewerage‑waste‑management 5%, household‑as‑employers 4.2%

The 2025 GDP performance underscores an accelerating structural shift, with the construction‑real‑estate‑manufacturing triad re‑emerging as the core growth engine. The prominence of housing and energy in household spending signals that credit conditions and monetary policy will have heightened influence on the property market, while the rise in fixed‑capital investment points to momentum in long‑term infrastructure and mega‑project pipelines. These dynamics compel a fresh risk‑return appraisal for real‑estate development and investment strategies.