Turkic States' Combined GDP Surpasses 2% of Global Economy

Strategic Insights -

The combined GDP of the Organization of Turkic States (OTS) member and observer states reached $593.8 billion in the first quarter of 2025, accounting for 2.1% of the global economy. This significant growth outpaced the World Bank's estimated global average growth rate of 2.3% for 2025 by more than twice. The OTS, which was established in 2012, has seen its member states experience notable economic growth, with some achieving rates of over 13%. The organization's name change in 2021 reflects its evolving role in promoting economic cooperation among its member states.

Key Takeaways:

  • The combined GDP of OTS member and observer states reached $593.8 billion in the first quarter of 2025, accounting for 2.1% of the global economy.
  • The OTS member states experienced an average economic growth rate of 5.04%, surpassing the World Bank's estimated global average growth rate of 2.3% for 2025 by more than twice.
  • The fastest-growing OTS member state in the first quarter of 2025 was Kyrgyzstan, with a growth rate of 13.1%, followed by Uzbekistan with 6.8% growth.
  • Turkmenistan and NTR (Northern Cyprus) achieved growth rates of 6.3% and 6.4%, respectively.
  • Kazakhstan, Trkiye, and Azerbaijan experienced moderate growth, with rates of 5.6%, 2.0%, and 0.3%, respectively.
  • Hungary experienced a slight decrease in GDP (-0.2%).
  • The OTS was established in 2012, with its name changed to the Organization of Turkic States in 2021.
  • The Republic of Azerbaijan is one of the four founding countries of the OTS, which currently has 5 member states and 3 observer states.
  • The organization's headquarters is located in Istanbul, Trkiye.

Statistics:

  • $593.8 billion: Combined GDP of OTS member and observer states in the first quarter of 2025.
  • 2.1%: Global economy share of OTS member and observer states' combined GDP.
  • 5.04%: Average economic growth rate of OTS member states.
  • 13.1%: Kyrgyzstan's economic growth rate in the first quarter of 2025.
  • 2.3%: World Bank's estimated global average growth rate for 2025.
  • 2%: Difference between OTS member states' average growth rate and the World Bank's estimated global average growth rate.
  • 4: Number of founding countries of the OTS.
  • 5: Number of member states in the OTS.
  • 3: Number of observer states in the OTS.

Sources:

  • Azeri-Press news agency, June 30, 2025.
  • Center for Economic Reforms Analysis and Communication, as cited by APA-Economics.