Output-side Real GDP at Current Purchasing Power Parities for Syrian Arab Republic
CGDPOSSYA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123,770.02
Year-over-Year Change
14.94%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Syria, adjusted for purchasing power parity. It provides insight into the overall size and growth of the Syrian 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
Output-side real GDP at current purchasing power parities (PPPs) is a key measure of a country's economic activity and living standards. It allows for cross-country comparisons by accounting for differences in price levels between nations.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate Syria's economic performance and living standards relative to other countries.
Key Facts
- Syria's real GDP at PPP was $61.7 billion in 2020.
- GDP per capita at PPP was $3,506 in 2020.
- Syria's economy contracted by 6.9% in 2020 due to the ongoing civil war.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Syria, adjusted for purchasing power parity (PPP). It provides a standardized view of the overall size and growth of the Syrian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric allows for meaningful cross-country comparisons of economic activity and living standards by accounting for differences in price levels between nations. It is a key indicator used by policymakers and economists to evaluate Syria's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Syria's economic growth, productivity, and living standards relative to other countries. It informs policy decisions and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in data availability and revisions due to the ongoing conflict in Syria, which can impact the reliability and timeliness of this economic indicator.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Syrian Arab Republic (CGDPOSSYA666NRUG), retrieved from FRED.