National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Turkey
TUREXPORTQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,444,933,706,035.00
Year-over-Year Change
562.36%
Date Range
1/1/1998 - 7/1/2023
Summary
This economic trend measures the current price value of exports of goods and services for Turkey. It is a key indicator of the country's international trade and economic performance.
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 exports of goods and services trend represents the total monetary value of all goods and services exported from Turkey to other countries. It is an important component of the country's gross domestic product (GDP) and provides insight into its trade balance and global competitiveness.
Methodology
The data is collected and calculated by the Turkish Statistical Institute based on national accounts and trade statistics.
Historical Context
This trend is closely monitored by policymakers, analysts, and businesses to assess Turkey's economic growth, export activity, and external sector performance.
Key Facts
- Turkey is the 18th largest exporter in the world.
- Exports account for over 20% of Turkey's GDP.
- Top export products include vehicles, machinery, and textiles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the current price value of all goods and services exported from Turkey to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Turkey's trade balance, global competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Statistical Institute based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and businesses closely monitor this trend to assess Turkey's export activity, external sector performance, and economic growth.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of several months.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Turkey (TUREXPORTQDSMEI), retrieved from FRED.