Price Level of Government Consumption for Turkey
PLOGINTRA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.00
Year-over-Year Change
30.54%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Turkey measures the relative cost of government goods and services in Turkey compared to the global average. It is an important indicator for economists and policymakers analyzing public sector fiscal trends and efficiency.
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 index represents the price level of government consumption expenditures in Turkey, expressed relative to the global average price level. It provides insights into the purchasing power and cost-effectiveness of Turkey's public sector compared to international benchmarks.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to assess Turkey's government spending and fiscal policies in a global context.
Key Facts
- Turkey's government consumption price level was 66.3% of the global average in 2020.
- The price index has remained relatively stable over the past decade.
- Low government consumption prices suggest potential efficiency gains in Turkey's public sector.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Turkey measures the relative cost of government goods and services in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the purchasing power and cost-effectiveness of Turkey's public sector, which is useful for economists and policymakers analyzing fiscal trends and policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Turkey's government spending and fiscal policies in a global context.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not reflect the most recent economic conditions in Turkey.
Related Trends
Price Level of Consumption for New Zealand
PLOCONNZA622NUPN
Price Level of GDP, G-K method for Georgia
PLOGDPGEA621NUPN
Price Level of Government Consumption for Nicaragua
PLOGINNIA623NUPN
Price Level of GDP, average of GEKS-CPDW for Central African Republic
PL2GDPCFA621NUPN
Price Level of GDP, average of GEKS-CPDW for Portugal
PL2GDPPTA621NUPN
Price Level of Consumption for Zimbabwe
PLOCONZWA622NUPN
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Turkey (PLOGINTRA623NUPN), retrieved from FRED.