Gross Domestic Product Per Capita for Turkey
PCAGDPTRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,473.29
Year-over-Year Change
32.10%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) Per Capita for Turkey measures the total economic output divided by the country's population, providing insight into the standard of living and economic well-being of Turkish citizens.
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
GDP per capita is a key macroeconomic indicator used to assess a country's economic development and compare living standards across nations. It reflects the overall productivity and income levels within Turkey's economy.
Methodology
This metric is calculated by the World Bank using national accounts data to determine Turkey's total GDP, which is then divided by the country's population.
Historical Context
GDP per capita is widely tracked by economists, policymakers, and investors to evaluate Turkey's economic performance and make informed decisions.
Key Facts
- Turkey's GDP per capita was $9,443 in 2021.
- GDP per capita has grown by over 50% in Turkey since 2000.
- Turkey ranks 66th globally in GDP per capita as of 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) Per Capita for Turkey measures the total economic output of the country divided by its total population, providing a gauge of the average standard of living.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key metric used by economists, policymakers, and investors to assess a country's economic development, productivity, and living standards compared to other nations.
Q: How is this data collected or calculated?
A: This metric is calculated by the World Bank using national accounts data to determine Turkey's total GDP, which is then divided by the country's population.
Q: How is this trend used in economic policy?
A: GDP per capita is widely tracked to evaluate Turkey's economic performance and inform policy decisions, investments, and comparisons to other countries.
Q: Are there update delays or limitations?
A: The GDP per capita data for Turkey is published annually by the World Bank with a short delay, providing a reliable but not real-time representation of the country's economic conditions.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Turkey (PCAGDPTRA646NWDB), retrieved from FRED.