Price Level of GDP, average of GEKS-CPDW for Syria
PL2GDPSYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.00
Year-over-Year Change
51.74%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Syria measures changes in the overall price level of goods and services produced within Syria's economy. This broad economic indicator is crucial for policymakers and analysts to assess inflationary pressures and make informed decisions.
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
This GDP price level index provides a comprehensive measure of inflation in Syria by tracking changes in the prices of all final goods and services that contribute to the country's gross domestic product. It is an important macroeconomic statistic used to evaluate the purchasing power of the Syrian pound and monitor the cost of living for businesses and consumers.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc chain-weighted, multilateral purchasing power parity (GEKS-CPDW) methodology.
Historical Context
Policymakers and central banks closely monitor this GDP price index to guide monetary and fiscal policies aimed at promoting economic stability and growth.
Key Facts
- The base year for this index is 2017 = 100.
- Syria's GDP price level has risen over 600% since 2010.
- The index can be used to compare purchasing power across countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Syria measures changes in the overall price level of goods and services produced within the Syrian economy.
Q: Why is this trend relevant for users or analysts?
A: This broad measure of inflation is crucial for policymakers and analysts to assess price dynamics and make informed decisions about monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc chain-weighted, multilateral purchasing power parity (GEKS-CPDW) methodology.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this GDP price index to guide policies aimed at promoting economic stability and growth.
Q: Are there update delays or limitations?
A: There may be delays in data reporting due to ongoing economic and political conditions in Syria.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Syria (PL2GDPSYA621NUPN), retrieved from FRED.