Turkey's Gross Domestic Product (GDP) experienced a deceleration in growth, with the first quarter of 2025 reflecting a 2.0% year-over-year increase, according to data updated on May 30, 2025. This marks a decline from the 3.0% growth recorded in the fourth quarter of 2024.
The latest figures illustrate a notable slowdown in economic expansion compared to the same period last year. The GDP growth rate for the first quarter of 2025 was assessed against the performance in the comparable quarter of 2024, offering a clear indication of diminishing momentum in Turkey's economic development. Analysts are closely monitoring these shifts to better understand the factors influencing the country's economic performance and to reassess projections and policy measures accordingly.
The reduction in GDP growth underscores the challenges Turkey is currently navigating as it adjusts to both domestic pressures and an unpredictable global economic environment. Stakeholders within the government and business communities are expected to consider various strategies to rejuvenate growth and strengthen the resilience of the Turkish economy in the face of these headwinds.
