Production: Construction: Total for Turkey
TURPRCNTO01GPSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.19
Year-over-Year Change
-38.11%
Date Range
4/1/1998 - 1/1/2025
Summary
The 'Production: Construction: Total for Turkey' trend measures the total volume of construction activity in Turkey, providing insights into the health of the country's construction sector and broader economic conditions.
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 economic indicator tracks the overall production output of the construction industry in Turkey, including residential, commercial, and infrastructure projects. It serves as a key barometer for monitoring the Turkish economy's investment climate and growth trajectory.
Methodology
The data is collected through surveys and reports from construction companies and industry organizations.
Historical Context
Policymakers and analysts use this trend to assess the strength of Turkey's construction sector and its influence on the broader economy.
Key Facts
- Turkey is a major emerging market economy.
- The construction sector accounts for a significant portion of Turkey's GDP.
- This trend provides insights into the country's infrastructure development and investment climate.
FAQs
Q: What does this economic trend measure?
A: The 'Production: Construction: Total for Turkey' trend measures the overall volume of construction activity in Turkey, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: This trend serves as a key indicator for monitoring the health of Turkey's construction sector and broader economic conditions, as the construction industry is a significant driver of investment and growth in the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from construction companies and industry organizations in Turkey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of Turkey's construction sector and its influence on the broader economy, informing decisions related to investment, infrastructure development, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the underlying sources, which may result in occasional delays or limitations in its timeliness and coverage.
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Citation
U.S. Federal Reserve, Production: Construction: Total for Turkey (TURPRCNTO01GPSAQ), retrieved from FRED.