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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Government Expense (% of GDP) held to 33.03 Percent in December 2023
World BankYearlyReleased December 2023
Turkey Government Expense (% of GDP) held to 33.03 Percent in December 2023.
Latest Release
33.027753
Actual
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Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Expense (% of GDP) (Turkey) was reported at 33.03 Percent in December 2023. This is classified as a medium-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 30.76 Percent, down from the prior three at 33.83 Percent.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (Aug 21) and Consumer Confidence (Aug 21).
Auto-generated from current model state · Refreshes on each release · Last update December 2023.
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Government Expense (% of GDP) - TR
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About Government Expense (% of GDP) — Turkey
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - TR Events
| Thursday, August 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:30 | TR | Central Government Debt | 14.992 | 15.2 | 15.20 | Low | |
| Friday, August 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | TR | Business Confidence | 102.2 | 102.5 | 103.75 | Medium | |
| 07:00 | TR | Capacity Utilization | 73.9 | 74 | 74.05 | Low | |
| 07:00 | TR | Consumer Confidence | 89.8 | 90 | 90.00 | Medium | |
| 08:00 | TR | Tourist Arrivals YoY | -4.02 | -5 | -11.22 | Low | |