Erdogan says country's economy grew on annual basis in third quarter
"Our economy has continued its growth trend, which it has maintained for 21 quarters, in the third quarter of 2025," Erdogan told parliament in Ankara.
Erdogan also highlighted the surge in tourism, noting that visitor numbers in the first nine months of 2025 rose by 1.6% compared to the same period last year.
"We achieved $50 billion in tourism revenue in the first three quarters, thus breaking an all-time three-quarter record," he said.
He further pointed to improvements in Türkiye’s financial stability, noting that the country’s credit risk premium (CDS) fell to 233 basis points, marking the lowest level in seven years.
On inflation, Erdogan expressed optimism following the November figures. "Accordingly, our November inflation rate came in at 0.87%. Core goods inflation fell to around 18%. Meanwhile, the decline in services inflation continues."
Turning to international relations, Erdogan underscored Türkiye’s expanding trade with Africa, which has grown from $5 billion to $37 billion over the past 20 years, with a goal of reaching $50 billion. He also noted that direct investments have climbed to $10 billion, with Turkish firms undertaking more than 2,000 projects valued at $97 billion.
Erdogan highlighted Turkish Airlines’ extensive African network, which now spans 64 destinations across 41 countries.
Looking ahead, he described 2026 as a "year of international summits" for Türkiye, announcing that the country will host COP31, the NATO summit, and the 13th summit of the Organization of Turkic States.
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