Turkey's economic growth slowed to 2% in the first quarter of 2025, official data show.

Gross domestic product grew at an annual rate of 2 percent after a 3 percent increase in the fourth quarter of 2024, the Turkish Statistical Institute said.

On the expenditure side, household consumption rose 2% from 3.9% in the previous quarter. At the same time, annual growth in government spending fell to 1.2% from 1.6%.

The increase in gross fixed capital formation was 2.1%, slowing sharply from 6.1%. External demand was unfavourable as exports fell marginally and imports rose by 3%.

On a quarter-on-quarter basis, the economy grew by 1%, slower than the 1.7% growth in the December quarter. | BGNES