National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Turkey
Growth rate same period previous year, Annual
TURGDPRAPSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.18
Year-over-Year Change
-33.51%
Date Range
1/1/1999 - 1/1/2024
Summary
The growth rate same period previous year, Annual measures the year-over-year change in real gross domestic product (GDP) for Turkey. This metric is crucial for analyzing economic performance and informing policymakers.
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 annual growth rate compares a country's real GDP in the current year to the same period the previous year. It provides a snapshot of economic expansion or contraction, allowing for year-over-year comparisons.
Methodology
The data is calculated by the International Monetary Fund (IMF) using national accounts statistics.
Historical Context
Policymakers and analysts closely monitor this growth rate to gauge the overall health of the Turkish economy.
Key Facts
- Turkey's GDP growth rate in 2021 was 11%.
- The highest annual growth rate for Turkey was 11.4% in 2010.
- The lowest annual growth rate for Turkey was -4.8% in 2020.
FAQs
Q: What does this economic trend measure?
A: The growth rate same period previous year, Annual measures the year-over-year change in real gross domestic product (GDP) for Turkey.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing economic performance and informing policymakers in Turkey.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund (IMF) using national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this growth rate to gauge the overall health of the Turkish economy.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to revisions by the IMF.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (TURGDPRAPSMEI), retrieved from FRED.