BAKU, Azerbaijan, October 3. Value added in
Turkey’s financial intermediary institutions sector increased by
70.9% year-on-year in 2025, reaching 2.9 trillion lira ($61.5
billion), while production value increased by 61.2% to 4.6 trillion
lira ($94.7 billion).
This is according to data released by the Turkish Statistical
Institute (TÜİK) on September 25.
TÜİK reported that the sector comprised 22,113 enterprises in
2025: 273 in financial service activities, 74 in insurance,
reinsurance and pension funding, and 21,766 in activities auxiliary
to financial services and insurance. Value added increased by 89.7%
in insurance, 69.3% in financial services and 64.1% in auxiliary
activities, while production value increased by 62.7% in financial
services, 57.1% in insurance and 56.5% in auxiliary activities.
According to Trend‘s calculations, dividing each subsector’s value
added by its production value shows that the ratio of value added
to production increased across all three subsectors in 2025. The
insurance subsector recorded the largest change, with the ratio
increasing by an estimated 7.2 percentage points to 41.7%.
Financial services’ ratio increased by an estimated 2.7 percentage
points to 69.3%, while the ratio for auxiliary activities increased
by an estimated 3.4 percentage points to 74.1%, the highest among
the three subsectors.
The number of persons employed in the sector increased to
360,745 in 2025 from 352,597 in 2024, with 65.9% employed in
financial service activities, 26.4% in auxiliary activities and
7.7% in insurance.
