UPDATE - Turkish economy grows 3.6% in 2025

UPDATING WITH MORE DETAILS AND COMMENT FROM FINANCE MINISTER

By Gokhan Ergocun

ISTANBUL (AA) - The Turkish economy expanded by 3.6% in 2025 on a yearly basis, the Turkish Statistical Institute (TurkStat) stated on Monday.

The country's GDP reached 63 trillion Turkish Liras ($1.59 trillion) last year, up from 44.6 trillion liras ($1.36 trillion) in 2024, official figures showed.

The GDP per capita was at 712,200 Turkish liras ($18,040) last year.

In the fourth quarter alone, the GDP rose by 3.4%, the Turkstat added.

An Anadolu survey last week has predicted that the Turkish economy would grow by 3.6% in the fourth quarter of 2025.

In 2025, Türkiye was one of the top three fastest-growing economies among the Organization for Economic Cooperation and Development (OECD) countries.

Mehmet Simsek, the Turkish treasury and finance minister, said on Monday: "We foresee that we will be included in the group of high-income countries in 2025, a critical threshold for our goal of sustainable prosperity."

Simsek stated Türkiye expects that increased demand in its trading partners and improved financial conditions will contribute to growth in 2026.

"To make our gains permanent, we will support our policies with structural and supply-side measures," he said.