Nominal Private Sector Final Consumption Expenditure for Turkey
NCPSAXDCTRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,131,395.39
Year-over-Year Change
400.35%
Date Range
1/1/1998 - 1/1/2025
Summary
The Nominal Private Sector Final Consumption Expenditure for Turkey measures the total spending by households and nonprofit institutions on final goods and services in Turkey. It is a key indicator of domestic demand and consumer activity.
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 all final consumption expenditures by private households and non-profit institutions serving households in Turkey. It is a widely used metric for assessing the overall health and trajectory of the Turkish economy.
Methodology
The data is collected and calculated by the Turkish Statistical Institute based on household surveys and national accounts.
Historical Context
Policymakers and analysts use this indicator to gauge consumer confidence and inform macroeconomic projections and monetary policy decisions.
Key Facts
- Turkey is the 17th largest economy in the world by nominal GDP.
- Private consumption accounts for over 60% of Turkey's GDP.
- Nominal consumption grew by 19.4% year-over-year in the latest quarter.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of final consumption expenditures by private households and non-profit institutions in Turkey.
Q: Why is this trend relevant for users or analysts?
A: Private consumption is a critical component of economic activity, so this metric provides important insights into domestic demand and consumer confidence in Turkey.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Statistical Institute based on household surveys and national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to gauge consumer activity and inform macroeconomic projections, monetary policy decisions, and other economic policy considerations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month delay from the end of the reference period.
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Citation
U.S. Federal Reserve, Nominal Private Sector Final Consumption Expenditure for Turkey (NCPSAXDCTRQ), retrieved from FRED.