Production: Construction: Total for Turkey
TURPRCNTO01GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.86
Year-over-Year Change
-186.72%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Production: Construction: Total for Turkey' trend measures the overall construction output in Turkey. This indicator is closely watched by economists and policymakers to assess the health of the Turkish economy.
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 series tracks the total volume of construction activity in Turkey, including both residential and non-residential building. It is a key indicator of economic growth, infrastructure investment, and the state of the real estate market.
Methodology
The data is collected and calculated by the Turkish Statistical Institute through surveys and administrative sources.
Historical Context
Analysts use this metric to inform investment decisions, monitor policy impacts, and project economic performance.
Key Facts
- Turkey is a major emerging market economy.
- Construction is a key driver of Turkish GDP growth.
- The construction sector employs over 2 million workers in Turkey.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Turkey' series measures the overall volume of construction activity in Turkey, including both residential and non-residential building.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely watched by economists and policymakers as a barometer of economic growth, infrastructure investment, and the state of the real estate market in Turkey.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Statistical Institute through surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Analysts use this metric to inform investment decisions, monitor policy impacts, and project economic performance in Turkey.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Turkish Statistical Institute, but may be subject to revision or delays due to the complexity of construction activity measurement.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Turkey (TURPRCNTO01GYSAQ), retrieved from FRED.