Real Imports of Goods and Services for Turkey
NMRSAXDCTRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126,551.17
Year-over-Year Change
15.62%
Date Range
1/1/1998 - 1/1/2025
Summary
The Real Imports of Goods and Services for Turkey measures the value of imported goods and services in Turkey, adjusted for inflation. This metric is crucial for analyzing Turkey's trade balance and economic performance.
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 economic indicator tracks the volume of goods and services imported into Turkey, providing insights into the country's trade dynamics and economic integration with global markets. It is an important gauge of Turkey's participation in international trade and can inform policymakers and analysts about the country's competitive position.
Methodology
The data is collected and calculated by the Turkish Statistical Institute using a variety of primary sources.
Historical Context
Policymakers and economists use this trend to assess Turkey's trade relationships and the impact of exchange rates, tariffs, and other trade policies.
Key Facts
- Turkey is a major trading partner for the European Union.
- Real imports grew by 7.2% in 2021 compared to the previous year.
- The services sector accounts for over 60% of Turkey's total imports.
FAQs
Q: What does this economic trend measure?
A: The Real Imports of Goods and Services for Turkey measures the volume of imported goods and services into the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing Turkey's trade balance, competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Statistical Institute using a variety of primary sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Turkey's trade relationships and the impact of exchange rates, tariffs, and other trade policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with some potential for slight delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Real Imports of Goods and Services for Turkey (NMRSAXDCTRQ), retrieved from FRED.