expenditures – Muhasebe News https://www.muhasebenews.com Muhasebe News Tue, 12 Nov 2019 08:32:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.4 Wage Earners’ Price Index in Istanbul https://www.muhasebenews.com/en/wage-earners-price-index-in-istanbul/ https://www.muhasebenews.com/en/wage-earners-price-index-in-istanbul/#respond Tue, 12 Nov 2019 14:00:15 +0000 https://www.muhasebenews.com/?p=70645 Wage Earners’ Price Index in Istanbul

Wage Earners’ Price Index in Istanbul, reflecting retail prices and increasing by 1.11% in September 2019, increased by 1.78% in October 2019.

In October, it has been observed that expenditures of clothing, other, food, housing, household goods, health and personal care, transportation and communication increased, and expenditures of culture, education and entertainment decreased.

In general, upward price changes have been observed in Clothing, Housing, Other Expenditures, Fresh Dried Vegetables and Fruits.

The annual retail price increase rate, which was 20.31% in October 2019, increased by 11.28% in the same month of 2019 compared to the previous year. The average annual change rate is 16.75% as of October 2019.

Source: Istanbul Chamber of Commerce (link: http://www.ito.org.tr/wps/portal/bilgi-bankasi/istatistiki-veriler/fiyat-indeksleri//geneltablo/gecinmei-basinb?prmPageId=BM2.3.1.3&initView=true)
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]]> https://www.muhasebenews.com/en/wage-earners-price-index-in-istanbul/feed/ 0 Household Consumption Expenditures, 2018 (Turkey) https://www.muhasebenews.com/en/household-consumption-expenditures-2018-turkey/ https://www.muhasebenews.com/en/household-consumption-expenditures-2018-turkey/#respond Fri, 26 Jul 2019 15:18:55 +0000 https://www.muhasebenews.com/?p=64658 Household Consumption Expenditures, 2018 (Turkey)

According to the results of 2018 household budget survey; while the expenditures on housing and rent had the highest share in total consumption expenditures with a rate of 23.7%, the share of expenditures on food and non-alcoholic beverages was 20.3% in overall Turkey. The groups which had the lowest shares in total expenditures were health expenditures and educational services expenditures with the rates of 2.2% and 2.3% respectively.

The monthly average equivalised consumption expenditures was 2 181 TL

The monthly average equivalised consumption expenditures was 1 854 TL in 2017 and 2 181 TL in 2018.

The share of food and non-alcoholic beverages in total expenditures had the highest increase

According to the results of the survey, the share of food and non-alcoholic beverages expenditures increased from 19.7% to 20.3% with an increase of 0.6 points compared to the previous year. The share of various good and services expenditures increased to 4.9% from 4.4%. The share of communication expenditures was 3.8% in 2018 while 3.4% in 2017. The share of expenditures on restaurant and hotels increased to 6.5% from 6.2%. The share of furniture and houses appliances increased to 6.5% from 6.3% and also the share of entertainment and culture expenditures increased to 2.9% from 2.7%.

On the other hand, the share of housing and rent expenditures in total expenditures decreased from 24.7% to 23.7% with a decrease of 1 points compared to the previous year. The share of alcoholic beverages, cigarette and tobacco expenditures decreased from 4.5% to 4%. The share of expenditures on transportation was 18.3% in 2018 while 18.7% in 2017. The share of clothing and footwear expenditures decreased to 4.8% from 5%.

The share of expenditures on health which was 2.2% and the share of educational services expenditures which was 2.3% remained unchanged from 2017 to 2018.

Distribution of household consumption expenditures by expenditure types, 2017, 2018

Share of food expenditures of low-income households was twice more than that of high-income households

When looking at the distribution of consumption expenditures by quintiles ordered by income in 2018, it was observed that the share of housing and rent expenditures was 31.4%, food and non-alcoholic beverages expenditures was 28.7%, transportation expenditures was 9.3% and furniture and houses appliances expenditures was 5.9% for households in the first quintile (the lowest quintile).

The share of transportation expenditures was 21.6%, housing and rent expenditures was 20.3%, food and non-alcoholic beverages expenditures 15.4% and restaurant and hotels expenditures was 7.8% for households in the fifth quintile (the highest quintile).

Expenditure patterns changed according to households’ main source of income

While households whose main source of income was wages and salaries allocated 22.4% share for housing and rent, 19.2% for transportation and 18.7% for food and non-alcoholic beverages, households whose main source of income was entrepreneurial income allocated 22.7% share for transportation, 19.7% for housing and rent and 19.5% for food and non-alcoholic beverages.

Households whose main source of income was property income, interest and dividends allocated 28.1% share for housing and rent, 18.6% for transportation and 16.4% for food and non-alcoholic beverages. Households whose main source of income was pensions allocated 28.6% share for housing and rent, 25.5% for food and non-alcoholic beverages and 13.4% for transportation.

 

Source: TUIK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

]]> https://www.muhasebenews.com/en/household-consumption-expenditures-2018-turkey/feed/ 0 Quarterly Gross Domestic Product in Turkey, IV. Quarter: October-December, 2016 https://www.muhasebenews.com/en/quarterly-gross-domestic-product-in-turkey-iv-quarter-october-december-2016/ https://www.muhasebenews.com/en/quarterly-gross-domestic-product-in-turkey-iv-quarter-october-december-2016/#respond Sat, 01 Apr 2017 08:21:19 +0000 https://www.muhasebenews.com/?p=12581 Gross Domestic Product (GDP) increased by 2.9% in 2016
The first estimate of Gross Domestic Product by production approach, with chain linked volume index, increased by 2.9% in 2016 compared to the previous year

Among the activities that constitute gross domestic product; the total value added of the activities constituting the agricultural sector decreased by 4.1% in 2016 compared with the previous year in the chained linked volume index, the total value added of the activities constituting the industry sector increased by 4.5%, the total value added of the activities constituting the construction sector increased by 7.2% and the total value added of the activities constituting the service sector decreased by 0.8%.

Gross Domestic Product Per Capita was 32 676 TRY in 2016
The gross domestic product per capita in 2016 was 32 676 TRY and 10 807 US Dollars at current prices.

Gross Domestic Product (GDP) in the fourth quarter increased by 3.5% in the chain linked volume index
Gross domestic product increased by 3.5% compared to the same quarter of previous year in the fourth quarter of 2016.

Gross domestic product with production method was 734 billion 393 million TRY at current prices. Among the activities that constitute gross domestic product; the total value added of the activities constituting the agricultural sector increased by 1.3% in the fourth quarter of 2016 compared with the same quarter of the previous year in the chained linked volume index, the total value added of the activities constituting the industry sector increased by 5.0%, the total value added of the activities constituting the construction sector increased by 3.7% and the total value added of the activities constituting the service sector increased by 1.8%.

Calendar adjusted gross domestic product in the fourth quarter of 2016 increased by 3.5% compared to the same quarter of previous year. Seasonally and calendar adjusted GDP increased by 3.8% compared to the previous quarter.

Final consumption expenditures of households at chained volume measure increased by 2.3% in 2016.
Final consumption expenditures of households increased by 2.3% in 2016 compared to the previous year’s chain linked volume index. The share of household consumption expenditures in GDP was 59.5%.

In 2016, the share of government final consumption expenditures in GDP was 14.7%, while the share of fixed capital formation was 29.8%. According to the previous year’s chain linked volume index, final consumption expenditure by the government increased by 7.3% and gross fixed capital formation by 3%.

Household final consumption expenditure increased by 5.7% in the fourth quarter.
Household final consumption expenditure increased by 5.7% in the fourth quarter compared with the same quarter of the previous year in the chained linked volume index, government final consumption expenditure increased by 0.8% and gross fixed capital formation increased by 2%.

Exports of goods and services decreased by 2%, imports increased by 3.9% in 2016.
In 2016, exports of goods and services decreased by 2%, while imports increased by 3.9% compared to the previous year’s chain-volume index. Exports of goods and services increased by 2.3% in the fourth quarter compared with the same quarter of the previous year in the chained linked volume index, imports of goods and services increased by 3.3%.

Compensation of employees increased by 22.8% in 2016.
Compensation of employees increased by 22.8% while Net operating Surplus/Mixed income increased by 2.6% in 2016.

Compensation of employees increased by 19.7% in the fourth quarter.
Compensation of employees increased by 19.7% while Net operating Surplus/Mixed income increased by 7.7% in the fourth quarter with respect to same quarter of previous year.

The share of compensation of employees in gross value added was 33.3%
The share of compensation of employees in the gross value added was 33.3% in the fourth quarter of 2016 while it was 31.2% in the same quarter of previous year. The share of net operating surplus/mixed income was 51.2% while it was 53.4% in the same quarter of previous year.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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