Price Level of GDP, G-K method for Syria
PLOGDPSYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.53
Year-over-Year Change
52.01%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Syria measures the purchasing power of the Syrian pound in relation to the country's total economic output. This metric is crucial for economists and policymakers to assess the real value of Syria's GDP.
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 Price Level of GDP, G-K method for Syria is an index that reflects the cost of goods and services in Syria compared to the global average. It helps determine the real purchasing power of the Syrian currency and provides insight into the standard of living within the country.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which adjusts nominal GDP to account for price differences across countries.
Historical Context
This trend is used by economists, investors, and policymakers to evaluate the Syrian economy and inform decisions around trade, investment, and economic development.
Key Facts
- The Price Level of GDP for Syria was 20.02 in 2021.
- Syria's Price Level of GDP has declined since the early 2000s.
- The G-K method is a widely used approach for cross-country price comparisons.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Syria measures the purchasing power of the Syrian pound relative to the country's total economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the real value of Syria's GDP and evaluating the standard of living within the country.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which adjusts nominal GDP to account for price differences across countries.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this trend to evaluate the Syrian economy and inform decisions around trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations due to the complex nature of cross-country price comparisons.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Syria (PLOGDPSYA621NUPN), retrieved from FRED.