Expenditure-side Real GDP at Current Purchasing Power Parities for Syrian Arab Republic
CGDPESSYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97,221.26
Year-over-Year Change
-8.77%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the real GDP of Syria adjusted for purchasing power parity. It provides insight into the overall size and performance of Syria's economy.
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
Expenditure-side real GDP at current purchasing power parities (PPPs) is a key indicator of a country's economic output and living standards. It accounts for differences in price levels between countries to enable more accurate cross-country comparisons.
Methodology
The data is calculated by the World Bank using expenditure-side national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists and policymakers to evaluate Syria's economic development and competitiveness.
Key Facts
- Syria's real GDP at PPP was $59.4 billion in 2020.
- Syria's real GDP per capita at PPP was $3,302 in 2020.
- Syria's real GDP has declined significantly since the start of the civil war in 2011.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Syria, adjusted for differences in purchasing power parity (PPP) across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate picture of Syria's economic size and living standards compared to nominal GDP, enabling better cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure-side national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Syria's economic development, competitiveness, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and availability due to the ongoing civil conflict in Syria.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Current Purchasing Power Parities for Syrian Arab Republic (CGDPESSYA666NRUG), retrieved from FRED.