Real Gross Domestic Product for Turkey
NGDPRSAXDCTRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
627,785.99
Year-over-Year Change
12.61%
Date Range
1/1/1998 - 1/1/2025
Summary
The Real Gross Domestic Product (GDP) for Turkey measures the total value of goods and services produced in the Turkish economy, adjusted for inflation. This widely-tracked economic indicator provides insights into the overall health and growth trajectory of 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 Real GDP for Turkey is a comprehensive measure of the nation's economic activity, factoring in changes in prices to give a more accurate picture of economic growth over time. It is a key metric used by policymakers, analysts, and investors to assess Turkey's economic performance and development.
Methodology
The data is collected and calculated by the Turkish Statistical Institute using national accounts data.
Historical Context
Real GDP is a crucial input for economic and fiscal policy decisions in Turkey and is closely monitored by international institutions and markets.
Key Facts
- Turkey's real GDP grew by 5.6% in 2022.
- Real GDP per capita in Turkey was $27,376 in 2021.
- The services sector accounts for over 60% of Turkey's real GDP.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for Turkey measures the total value of goods and services produced in the Turkish economy, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a crucial indicator of Turkey's overall economic health and growth, providing insights that inform policy decisions and investment strategies.
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: Real GDP is a key input for economic and fiscal policy decisions in Turkey and is closely monitored by international institutions and markets.
Q: Are there update delays or limitations?
A: The real GDP data for Turkey is typically released on a quarterly basis, with some potential for minor delays in publication.
Related Trends
Harmonized Index of Consumer Prices: Fuels and Lubricants for Personal Transport Equipment for Turkey
CP0722TRM086NEST
Harmonized Index of Consumer Prices: Services (Overall Index Excluding Goods) for Turkey
SERV00TRM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Turkiye
LRHU24FETRM156S
Bank Concentration for Turkey
DDOI01TRA156NWDB
Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Turkey
CP0723TRM086NEST
Harmonized Index of Consumer Prices: Vegetables for Turkey
CP0117TRM086NEST
Citation
U.S. Federal Reserve, Real Gross Domestic Product for Turkey (NGDPRSAXDCTRQ), retrieved from FRED.