Real Private Sector Final Consumption Expenditure for Turkey
NCPRSAXDCTRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
474,093.71
Year-over-Year Change
28.38%
Date Range
1/1/1998 - 1/1/2025
Summary
This economic trend measures the real (inflation-adjusted) private consumption expenditure in Turkey, providing insights into consumer demand and economic growth.
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
Real Private Sector Final Consumption Expenditure for Turkey is a key indicator of domestic economic activity, representing the total inflation-adjusted spending by Turkish households and non-profit institutions on goods and services. It is a widely used metric for assessing the strength of consumer-driven economic growth.
Methodology
The data is collected and calculated by the Turkish Statistical Institute using national accounts data.
Historical Context
This trend is closely monitored by policymakers, central banks, and economists to gauge the health of the Turkish economy and inform economic and monetary policy decisions.
Key Facts
- Turkey is the 17th largest economy in the world by GDP.
- Private consumption accounts for over 60% of Turkey's GDP.
- Real private consumption grew by 3.2% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real (inflation-adjusted) spending by Turkish households and non-profit institutions on goods and services, providing insights into consumer demand and economic growth.
Q: Why is this trend relevant for users or analysts?
A: Real private consumption is a key indicator of domestic economic activity and a driver of overall GDP growth. Monitoring this trend helps policymakers, central banks, and economists assess the health of the Turkish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Statistical Institute using national accounts data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, central banks, and economists to gauge the strength of consumer-driven economic growth and inform economic and monetary policy decisions in Turkey.
Q: Are there update delays or limitations?
A: The data is typically published on a quarterly basis with a delay of a few months.
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Citation
U.S. Federal Reserve, Real Private Sector Final Consumption Expenditure for Turkey (NCPRSAXDCTRQ), retrieved from FRED.