Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Turkey
KGPPPGTRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.46
Year-over-Year Change
36.56%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Turkey's GDP per capita, adjusted for purchasing power parity. It provides insights into the size and role of the public sector in the Turkish economy.
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
The government consumption share of GDP per capita is a key metric for evaluating the size and role of the public sector in a country's economy. It represents the portion of total economic output that is consumed by the government, rather than by private individuals or businesses.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This trend is widely used by economists and policymakers to analyze fiscal policy and the relative size of the public sector.
Key Facts
- The government consumption share in Turkey averaged 12.6% from 1990 to 2021.
- Turkey's government consumption share peaked at 15.1% in 2001.
- The government consumption share has generally declined since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Turkey's GDP per capita, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is a key metric for evaluating the size and role of the public sector in a country's economy, and is widely used by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze fiscal policy and the relative size of the public sector in the Turkish economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts data from Turkey.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Turkey (KGPPPGTRA156NUPN), retrieved from FRED.