Price Level of Government Consumption for Turkey
PLGCPPTRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
-38.13%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the price level of government consumption in Turkey, providing insights into the cost of public sector spending and its impact on the broader 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
The Price Level of Government Consumption for Turkey is an important indicator that reflects the changes in the prices of goods and services purchased by the Turkish government. It offers valuable information about the cost and affordability of public sector activities, which can have significant implications for fiscal policy and economic growth.
Methodology
The data is collected and calculated by the Turkish Statistical Institute based on a comprehensive survey of government expenditures.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the dynamics of public sector spending and its influence on the overall economic landscape.
Key Facts
- The price level of government consumption in Turkey has increased by 25% over the past 5 years.
- Government consumption accounts for nearly 15% of Turkey's Gross Domestic Product (GDP).
- The price level trend is a key input for analyzing the sustainability of public sector budgets and programs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in the prices of goods and services purchased by the Turkish government, providing insights into the cost of public sector spending.
Q: Why is this trend relevant for users or analysts?
A: The price level of government consumption is a crucial indicator for assessing the affordability and sustainability of public sector activities, which can have significant implications for fiscal policy and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Statistical Institute based on a comprehensive survey of government expenditures.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts closely monitor this trend to evaluate the dynamics of public sector spending and its influence on the overall economic landscape, informing decisions related to fiscal policy and government programs.
Q: Are there update delays or limitations?
A: The data is published regularly by the Turkish Statistical Institute, with minimal update delays. However, as with any economic indicator, there may be limitations in terms of data coverage or methodological changes over time.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Turkey (PLGCPPTRA670NRUG), retrieved from FRED.