In this paper, a comprehensive review and performance evaluation of pansharpening algorithms for GÖKTÜRK-2 images is presented. GÖKTÜRK-2 is the first high resolution remote sensing satellite of Turkey which was designed and built in Turkey, by The Ministry of Defence, TUBITAK-UZAY and Turkish Aerospace Industry (TUSAŞ) collectively. GÖKTÜRK-2 was launched at 18th. December 2012 in Jinguan, China and provides 2.5 meter panchromatic (PAN) and 5 meter multispectral (MS) spatial resolution satellite images. In this study, a large number of pansharpening algorithms are implemented and evaluated for performance on multiple GÖKTÜRK-2 satellite images. Quality assessments are conducted both qualitatively through visual results and quantitatively using Root Mean Square Error (RMSE), Correlation Coefficient (CC), Spectral Angle Mapper (SAM), <i>Erreur Relative Globale Adimensionnelle de Synthése</i> (ERGAS), Peak Signal to Noise Ratio (PSNR), Structural Similarity Index (SSIM) and Universal Image Quality Index (UIQI).