Economists Raise Turkey's 2025 Growth Forecast to 3.7%

2025 Fourth Quarter Expectations A Gross Domestic Product (GDP) expectations survey conducted by Matriks Haber with the participation of 15 economists has been concluded.
According to the survey, economists' growth forecast for the fourth quarter of 2025 stands at a 0.5% increase compared to the previous quarter and a 3.7% increase compared to the same period last year.
The highest annual growth forecast for the final quarter was recorded at 4.2%, while the lowest was 2.7%.
The Turkish economy had previously recorded growth rates of 2.5%, 4.9%, and 3.7% in the first three quarters of 2025, respectively.
In the final quarter of 2024, the growth rate was 3.2%.
Full-Year and Future Projections The median growth expectation for the entirety of 2025 was raised to 3.7% from the 3.4% level recorded in the previous survey period.
The Turkish economy grew by 3.2% in 2024 and 5.0% in 2023.
The country's last double-digit growth figure was recorded in 2021 at 11.0%.
Economists' growth expectations for 2026 were also revised upward.
The median forecast for 2026, which was 3.8% in the previous survey, rose to 4.0%, while the growth rate for 2027 is expected to reach 4.4%.
Domestic Demand and Sectoral Dynamics According to economists' evaluations, consumption indicators show that domestic demand remains vibrant.
On the other hand, the industrial sector's contribution to growth is expected to decline.
Experts predict that while GDP may lose some momentum on a quarterly basis, it could record a 0.6% increase in the last quarter of 2025, with annual growth reaching 4.2%.
In light of these data, the growth rate for the full year of 2025 is estimated to be around 3.8%.