Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Turkey
PLGDPOTRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
-39.78%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of real GDP in Turkey, adjusted for purchasing power parity. It provides insight into the relative cost of goods and services in Turkey compared to other countries.
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 price level of output-side real GDP at current purchasing power parities (PPP) is an important indicator of a country's standard of living and economic competitiveness. It allows for cross-country comparisons of GDP by accounting for differences in price levels.
Methodology
The data is calculated by the OECD using a multilateral price index approach.
Historical Context
This metric is used by economists and policymakers to analyze a country's economic performance and make international comparisons.
Key Facts
- Turkey's price level of real GDP was 57.31 in 2021.
- The price level has increased by 18.8% since 2010.
- Turkey's price level is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of real GDP in Turkey, adjusted for purchasing power parity. It provides insight into the relative cost of goods and services in Turkey compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze a country's economic performance and make international comparisons of GDP, accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a multilateral price index approach.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess a country's economic competitiveness and standard of living relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, with a lag of approximately one year.
Related Trends
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Poland
PLGDPOPLA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Nigeria
PLGDPONGA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Saudi Arabia
PLGDPOSAA670NRUG
Exchange Rate (market+estimated) for Islamic Republic of Iran
XRNCUSIRA618NRUG
Exchange Rate (market+estimated) for Uzbekistan
XRNCUSUZA618NRUG
Exchange Rate (market+estimated) for Mozambique
XRNCUSMZA618NRUG
Citation
U.S. Federal Reserve, Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Turkey (PLGDPOTRA670NRUG), retrieved from FRED.