National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Turkey
TURGFCFQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,525,026,613,965.00
Year-over-Year Change
561.73%
Date Range
1/1/1998 - 7/1/2023
Summary
The 'National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Turkey' series measures investment in fixed assets by the Turkish economy. This indicator is crucial for understanding Turkey's economic growth and development trajectory.
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
Gross fixed capital formation (GFCF) tracks the value of additions to fixed assets purchased by businesses, governments, and households. It is a key component of GDP and a vital measure of an economy's productive capacity and future growth potential.
Methodology
The data is collected by Turkey's statistical agency, TurkStat, based on surveys and national accounts data.
Historical Context
GFCF is closely monitored by policymakers, investors, and analysts to gauge the health and trajectory of the Turkish economy.
Key Facts
- Turkey's GFCF has averaged around 20% of GDP over the past decade.
- Investment in machinery and equipment accounts for the largest share of GFCF in Turkey.
- GFCF growth is seen as a leading indicator of future economic expansion in Turkey.
FAQs
Q: What does this economic trend measure?
A: The 'National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Turkey' series measures investment in fixed assets by the Turkish economy, including purchases of machinery, equipment, buildings, and infrastructure.
Q: Why is this trend relevant for users or analysts?
A: GFCF is a crucial indicator of an economy's productive capacity and future growth potential. Tracking changes in Turkey's GFCF provides valuable insights into the health and trajectory of the Turkish economy.
Q: How is this data collected or calculated?
A: The data is collected by Turkey's statistical agency, TurkStat, based on surveys and national accounts data.
Q: How is this trend used in economic policy?
A: GFCF is closely monitored by policymakers, investors, and analysts to gauge the health and trajectory of the Turkish economy. Changes in GFCF are seen as a leading indicator of future economic expansion or contraction.
Q: Are there update delays or limitations?
A: The GFCF data for Turkey is published quarterly with a typical delay of several months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Fixed Capital Formation for Turkey (TURGFCFQDSMEI), retrieved from FRED.