Real GDP at Constant National Prices for Turkey
RGDPNATRA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,242,847.00
Year-over-Year Change
68.97%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for Turkey is a key economic indicator that measures the inflation-adjusted value of the total output of goods and services produced within Turkey's 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 metric provides insight into the overall health and growth trajectory of the Turkish economy. It is widely used by economists, policymakers, and investors to analyze economic performance and inform policy decisions.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
Trends in real GDP are closely monitored by international institutions and markets to assess the Turkish economy's competitiveness and development.
Key Facts
- Turkey is one of the world's 20 largest economies.
- Real GDP growth in Turkey averaged 5.1% from 2000-2021.
- The Turkish economy is heavily influenced by exports and tourism.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for Turkey measures the total inflation-adjusted value of goods and services produced within the Turkish economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the overall health and growth trajectory of the Turkish economy, which is important for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: Trends in real GDP are closely monitored by international institutions and markets to assess the Turkish economy's competitiveness and development, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Turkey (RGDPNATRA666NRUG), retrieved from FRED.