During the presentation of the 2026 budget in the National Assembly, Vice President Cevdet Yılmaz announced that the national income per capita is expected to increase to 18 thousand 621 dollars.
Vice President Yılmaz presented the Proposed Central Budget Law 2026 and the Proposed Central Government Final Account Law 2024 at the Planning and Budget Committee of the Turkish Parliament. As we enter 2026, global economic activity continues to moderate with support from the services sector, Yılmaz said, “However, high interest rates, weak investment appetite and trade policy uncertainties have limited growth.”
Yılmaz said global economic growth is expected to be 3.2% in 2025 and 3.1% in 2026.
Cevdet Cılmaz noted that inflation is expected to be 5.3% and 4.7% in developed economies in 2025 and 2026, respectively. GROWTH TARGET IS 3.8 PERCENT “By 2026, despite global uncertainties, the target is to achieve a growth rate of 3.8% by supporting investment and productivity growth, maintaining a balanced outlook for production and demand, with predictability thanks to strong policy coordination in the economy and a permanent decline in inflation,” he said. NATIONAL INCOME PER CAPITA
Stating that the recent growth performance observed in the Turkish economy is also reflected in the national income per capita, Yılmaz said, “The national income per capita is 15 thousand 325 dollars in 2024, which is expected to increase to 17 thousand 748 dollars in 2025 and to 18 thousand 621 dollars in 2026. The goal is to reach 21 thousand dollars at the end of the Medium Term Program period.”
ADDING 2.5 MILLION JOBS IN THREE YEARS Cevdet Yılmaz also noted that the unemployment rate is expected to fall to 8.4% in 2026 and gradually decrease to 7.8% in 2028, with a total of 2.5 million additional jobs over the next three years.
