National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Turkey
NAEXKP06TRQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.50
Year-over-Year Change
42.58%
Date Range
1/1/1998 - 7/1/2023
Summary
This economic indicator tracks the constant-price value of exports of goods and services for Turkey, a key component of the country's gross domestic product (GDP).
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
Exports are a significant driver of economic growth, and this series provides important insights into Turkey's international trade and competitiveness. It is widely used by economists, policymakers, and market analysts to assess the health of the Turkish economy.
Methodology
The data is collected and calculated by the Turkish Statistical Institute (TurkStat) as part of the national accounts system.
Historical Context
Trends in exports are closely monitored for their implications on trade balances, exchange rates, and overall economic performance.
Key Facts
- Turkey is one of the world's top 20 exporting countries.
- Exports account for around 20% of Turkey's GDP.
- The manufacturing sector is the largest contributor to Turkish exports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the constant-price value of exports of goods and services for Turkey, which is a key component of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Exports are a significant driver of economic growth, and this series provides important insights into Turkey's international trade and competitiveness, which are closely watched by economists, policymakers, and market analysts.
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 national accounts system.
Q: How is this trend used in economic policy?
A: Trends in exports are closely monitored for their implications on trade balances, exchange rates, and overall economic performance, and are factored into policy decisions by the Turkish government and central bank.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Turkey (NAEXKP06TRQ661S), retrieved from FRED.