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Türkiye's GDP growth slows to 2.5% as exports shrink 12.7% in Q1 2026

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Türkiye's GDP growth slows to 2.5% as exports shrink 12.7% in Q1 2026
June 01, 2026 10:08 AM GMT+03:00

Türkiye's economic growth eased to 2.5% in the first quarter of 2026 as a sharp decline in exports weighed on activity, according to data released by the Turkish Statistical Institute (TurkStat) on Monday.

Exports of goods and services dropped 12.7% from a year earlier during the January-March period, while seasonally and calendar-adjusted gross domestic product (GDP) rose just 0.1% from the previous quarter, signaling a significant loss of momentum at the start of the year.

At current prices, GDP increased 35.7% year-over-year to ₺16.99 trillion ($389.6 billion).

Details to follow...

June 01, 2026 10:08 AM GMT+03:00
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