Balance of Payments: Goods: Expenditure for Turkiye
TURB6DBTD01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,674,720,000.00
Year-over-Year Change
13.84%
Date Range
1/1/1992 - 10/1/2024
Summary
The Balance of Payments: Goods: Expenditure for Turkiye measures the total value of goods imported by Turkiye. This metric is a key indicator of the country's trade balance and economic 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
The Balance of Payments: Goods: Expenditure for Turkiye tracks the financial flows related to the import of goods by the Turkish economy. This data point is used by economists and policymakers to analyze Turkiye's trade position and broader macroeconomic conditions.
Methodology
The data is collected and reported by the Central Bank of the Republic of Turkiye.
Historical Context
Economists and analysts closely monitor this indicator to assess Turkiye's international trade dynamics and the health of its external sector.
Key Facts
- Turkiye is a major emerging market economy.
- The country has a persistent trade deficit.
- Imports of goods account for a significant portion of Turkiye's total balance of payments.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Goods: Expenditure for Turkiye measures the total value of goods imported by the Turkish economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Turkiye's trade balance and overall economic activity, making it important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Republic of Turkiye.
Q: How is this trend used in economic policy?
A: Economists and analysts use this indicator to assess Turkiye's international trade dynamics and the health of its external sector, which informs economic policymaking.
Q: Are there update delays or limitations?
A: The data is published with a short lag, and there may be revisions to historical figures.
Related Trends
Consumer Opinion Surveys: Consumer Prices: Future Tendency for Turkiye
TURCSINFT02STSAM
Gross Domestic Product Per Capita for Turkey
PCAGDPTRA646NWDB
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Electricity, Gas, Steam, and Air Conditioning Supply for Turkiye
TURPREND401IXOBQ
Central Bank Assets to GDP for Turkey
DDDI06TRA156NWDB
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Turkiye
LFAC74TTTRA647N
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Turkey
CPGRLE01TRQ657N
Citation
U.S. Federal Reserve, Balance of Payments: Goods: Expenditure for Turkiye (TURB6DBTD01CXCUQ), retrieved from FRED.