Gross Domestic Product Deflator for Turkey
NGDPDSAIXTRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,085.77
Year-over-Year Change
315.43%
Date Range
1/1/1998 - 1/1/2025
Summary
The Gross Domestic Product (GDP) Deflator for Turkey measures the average change in prices of all goods and services produced in the Turkish economy. It serves as a key indicator of inflationary trends and is used to adjust GDP figures for price changes.
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 GDP Deflator tracks the prices of a comprehensive basket of domestic goods and services, providing a broad measure of inflation in the Turkish economy. It is a critical tool for policymakers and analysts to evaluate the real growth of the Turkish economy and make informed decisions.
Methodology
The GDP Deflator is calculated by dividing the nominal GDP by the real GDP, with the result then multiplied by 100.
Historical Context
The GDP Deflator is widely used by the Turkish government, central bank, and international organizations to monitor inflation and make economic policy adjustments.
Key Facts
- The GDP Deflator is a comprehensive measure of price changes in the Turkish economy.
- Turkey's GDP Deflator reached a high of 59.65 in 2022 Q1.
- The GDP Deflator is used to adjust nominal GDP for inflation, providing a better gauge of real economic growth.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) Deflator for Turkey measures the average change in prices of all goods and services produced in the Turkish economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a critical tool for policymakers and analysts to evaluate the real growth of the Turkish economy and make informed decisions.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by dividing the nominal GDP by the real GDP, with the result then multiplied by 100.
Q: How is this trend used in economic policy?
A: The GDP Deflator is widely used by the Turkish government, central bank, and international organizations to monitor inflation and make economic policy adjustments.
Q: Are there update delays or limitations?
A: The GDP Deflator data is published regularly by the U.S. Federal Reserve, with minimal update delays.
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Citation
U.S. Federal Reserve, Gross Domestic Product Deflator for Turkey (NGDPDSAIXTRQ), retrieved from FRED.