Real Final Consumption Expenditure for Turkey
NCRXDCTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,167,368.44
Year-over-Year Change
109.47%
Date Range
1/1/1998 - 1/1/2024
Summary
The Real Final Consumption Expenditure for Turkey measures the inflation-adjusted value of household and government spending in the Turkish economy. It is a key indicator of domestic demand and overall economic activity.
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 indicator tracks the real purchasing power of Turkish consumers and the government, which is essential for evaluating the strength of the domestic market. It is used by economists and policymakers to assess the health of the Turkish economy and inform economic policy decisions.
Methodology
The data is calculated by the Turkish Statistical Institute using national accounts data.
Historical Context
The real consumption expenditure trend is monitored by the Central Bank of Turkey and international institutions like the OECD to gauge Turkish economic performance.
Key Facts
- Turkey's real consumption expenditure grew by 5.5% in 2021.
- Government spending accounts for around 15% of total real consumption expenditure in Turkey.
- The real consumption expenditure trend is a leading indicator of the Turkish business cycle.
FAQs
Q: What does this economic trend measure?
A: The Real Final Consumption Expenditure for Turkey measures the inflation-adjusted value of household and government spending in the Turkish economy.
Q: Why is this trend relevant for users or analysts?
A: This indicator is essential for evaluating the strength of domestic demand and overall economic activity in Turkey.
Q: How is this data collected or calculated?
A: The data is calculated by the Turkish Statistical Institute using national accounts data.
Q: How is this trend used in economic policy?
A: The real consumption expenditure trend is monitored by the Central Bank of Turkey and international institutions to gauge Turkish economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Real Final Consumption Expenditure for Turkey (NCRXDCTRA), retrieved from FRED.