Nominal General Government Final Consumption Expenditure for Turkey
NCGGSAXDCTRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,939,508.17
Year-over-Year Change
444.47%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nominal General Government Final Consumption Expenditure for Turkey measures the value of goods and services consumed by the Turkish government. This is a key indicator of fiscal policy and government spending in the 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 series represents the nominal value of final consumption expenditure by the general government in Turkey. It includes spending on public services, employee compensation, and other government consumption, and is an important metric for analyzing the role of the public sector in the Turkish economy.
Methodology
The data is collected by the Turkish Statistical Institute (TurkStat) through surveys and administrative records.
Historical Context
Policymakers and economists use this metric to assess the fiscal stance and the government's role in driving economic activity.
Key Facts
- Turkey's nominal government consumption was $207 billion in 2021.
- Government consumption accounts for about 15% of Turkey's GDP.
- Turkey's government consumption has grown by an average of 6% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the nominal value of final consumption expenditure by the general government in Turkey, including spending on public services, employee compensation, and other government consumption.
Q: Why is this trend relevant for users or analysts?
A: This indicator is an important measure of the government's role in the Turkish economy and is used by policymakers and economists to assess the fiscal stance and the impact of government spending on economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the Turkish Statistical Institute (TurkStat) through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the fiscal policy stance and the government's role in driving economic growth in Turkey.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 3 months.
Related Trends
Non-Life Insurance Premium Volume to GDP for Turkey
DDDI10TRA156NWDB
Leading Indicators OECD: Component Series: Short-Term Interest Rate: Normalised for Turkey
TURLOCOSTNOSTSAM
Production: Industry: Total Industry Excluding Construction for Turkey
TURPRINTO01GYSAM
Harmonized Index of Consumer Prices: Services Related to Package Holidays and Accommodation for Turkey
SRVRPPTRM086NEST
Infra-Annual Labor Statistics: Employment Total: From 25 to 54 Years for Turkiye
LFEM25TTTRQ647S
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Turkiye
TURB6BLTT02STSAQ
Citation
U.S. Federal Reserve, Nominal General Government Final Consumption Expenditure for Turkey (NCGGSAXDCTRQ), retrieved from FRED.