Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Syria
PGDPUSSYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.72
Year-over-Year Change
9.92%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP)-adjusted GDP per capita of Syria relative to the United States. It provides insight into the standard of living and economic development in Syria compared to the U.S.
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 PPP-converted GDP per capita relative to the U.S. is a key indicator of a country's economic performance and living standards. It accounts for differences in the cost of living between countries, offering a more accurate comparison of real purchasing power and development levels.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely-used PPP conversion technique.
Historical Context
This trend is valuable for economists, policymakers, and analysts assessing Syria's economic position and progress.
Key Facts
- Syria's PPP-adjusted GDP per capita is around 10% of the U.S. level.
- The PPP conversion accounts for cost-of-living differences between the two countries.
- This metric provides a more accurate picture of living standards than exchange rate-based comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP)-adjusted GDP per capita of Syria relative to the United States. It provides a more accurate comparison of living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is valuable for economists, policymakers, and analysts assessing Syria's economic position and progress relative to the U.S. It offers insights into the standard of living and purchasing power in Syria compared to the world's largest economy.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely-used PPP conversion technique.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate Syria's economic development, make international comparisons, and inform policy decisions related to trade, investment, and development assistance.
Q: Are there update delays or limitations?
A: There may be delays in data updates or potential limitations in the underlying data sources, which should be considered when interpreting this economic trend.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Syria (PGDPUSSYA621NUPN), retrieved from FRED.