National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Turkey
TURGFCEQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
957,409,157,948.00
Year-over-Year Change
409.43%
Date Range
1/1/1998 - 7/1/2023
Summary
This economic trend measures government final consumption expenditure in Turkey, which is a key component of the country's gross domestic product (GDP) by expenditure approach.
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
Government final consumption expenditure represents the value of goods and services consumed by the government. It is an important indicator of the role of the public sector in the Turkish economy and provides insights into fiscal policy and economic growth.
Methodology
The data is collected and calculated by the Turkish Statistical Institute (TurkStat) as part of the country's national accounts.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess the health of the Turkish economy and inform economic decision-making.
Key Facts
- Turkey's government final consumption expenditure was $86.5 billion in 2021.
- It accounted for 14.3% of Turkey's GDP in 2021.
- Government spending has increased as a share of GDP in Turkey over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services consumed by the government in Turkey, which is a key component of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the role of the public sector in the Turkish economy and can inform analysis of fiscal policy and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Statistical Institute (TurkStat) as part of the country's national accounts.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to assess the health of the Turkish economy and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is typically released by TurkStat on a quarterly basis, with some potential for delays or revisions.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Government Final Consumption Expenditure for Turkey (TURGFCEQDSMEI), retrieved from FRED.