Share of Household Consumption at Current Purchasing Power Parities for Turkey
CSHCCPTRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
-9.21%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Turkey measures the proportion of total consumption expenditures made by Turkish households. This statistic is important for economists and policymakers to assess the health and composition of domestic demand.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the share of total final consumption expenditure in Turkey that is attributable to household consumption, adjusted for differences in purchasing power between countries. It provides insight into the role of the consumer sector in the Turkish economy.
Methodology
The data is calculated based on national accounts data and purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this indicator to evaluate trends in Turkish consumer spending and its implications for economic growth.
Key Facts
- Turkey's household consumption accounts for over 55% of total consumption expenditures.
- The share of household consumption has remained relatively stable over the past decade.
- Household consumption is a key driver of economic growth in Turkey.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of total consumption expenditures in Turkey that is attributable to household spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the role of the consumer sector in the Turkish economy and can help analysts and policymakers evaluate trends in domestic demand.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health and composition of domestic demand in Turkey and its implications for economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the national accounts and purchasing power parity statistics.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Turkey (CSHCCPTRA156NRUG), retrieved from FRED.