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- October 19, 202617°
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- October 19, 202617°
Cevdet Yılmaz says Türkiye’s economy posts 24th straight quarter of growth
Türkiye’s Vice President Cevdet Yılmaz said the country’s economy grew by 2.3 percent in the second quarter of 2026, extending its uninterrupted growth streak to 24 consecutive quarters.
Türkiye’s Vice President Cevdet Yılmaz announced the latest data on the Turkish economy at the opening of the Istanbul Trade Conference, affirming that growth momentum was continuing despite rising uncertainty in the global economy.
Yılmaz said Türkiye’s economy grew by 2.3 percent in the second quarter of 2026, extending its uninterrupted growth streak to 24 consecutive quarters.
Yılmaz said the global economy was going through a period marked by growing geopolitical risks and uncertainty, stressing that Türkiye continued to strengthen its resilience through its production capacity and export performance.
He said Türkiye’s gross domestic product reached $1.6 trillion in 2025, while annual national income exceeded $1.7 trillion in the first half of 2026.
Regarding foreign trade, Yılmaz said Türkiye’s goods exports rose from $36 billion in 2002 to $273.2 billion in 2025, while annual exports exceeded $280 billion as of August 2026.
Türkiye targets more than $405 billion in exports
Yılmaz said Türkiye’s services exports rose from $14 billion in 2002 to $125 billion in 2025, making Türkiye the world’s 22nd-largest services exporter.
He added that Türkiye recorded a $63 billion surplus in services trade, while total goods and services exports approached $400 billion in 2025.
The Turkish vice president said projections indicated that total exports would exceed $405 billion in 2026, stressing that efforts to strengthen production, exports and Türkiye’s position in global trade were continuing.
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