National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Turkey
Turkish Lira, Annual
NAEXKP03TRA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278,168,903,140.00
Year-over-Year Change
73.51%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the annual average exchange rate of the Turkish lira against the U.S. dollar. It provides insights into Turkey's economic performance and its currency's stability.
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 Turkish lira, annual series tracks the yearly average value of the Turkish currency in relation to the U.S. dollar. This metric is widely used by economists and policymakers to analyze Turkey's macroeconomic conditions, international trade, and the country's competitiveness in global markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official exchange rate information.
Historical Context
Policymakers and investors closely monitor the Turkish lira exchange rate to assess Turkey's economic outlook and make informed decisions.
Key Facts
- The Turkish lira has experienced significant volatility in recent years.
- Turkey's exchange rate policy is a key factor in its economic and trade performance.
- The lira's value is closely watched by global investors and policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate of the Turkish lira against the U.S. dollar, providing insights into Turkey's economic performance and currency stability.
Q: Why is this trend relevant for users or analysts?
A: The Turkish lira exchange rate is a crucial indicator for evaluating Turkey's macroeconomic conditions, international trade, and global competitiveness, making it relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and investors closely monitor the Turkish lira exchange rate to assess Turkey's economic outlook and make informed decisions regarding trade, investment, and economic policy.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedules of the U.S. Federal Reserve, and may not reflect real-time changes in the Turkish lira exchange rate.
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Citation
U.S. Federal Reserve, Turkish Lira, Annual (NAEXKP03TRA652S), retrieved from FRED.