Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Syria
PPCGDPSYA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,058.64
Year-over-Year Change
61.54%
Date Range
1/1/1960 - 1/1/2010
Summary
The Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Syria is an economic indicator that measures the value of goods and services produced per person in Syria, adjusted for differences in purchasing power across countries.
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 metric provides a more accurate comparison of living standards and economic output across countries by accounting for variations in price levels. It is widely used by economists, policymakers, and international organizations to assess economic development and make cross-country comparisons.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Historical Context
This trend is relevant for understanding Syria's economic performance and making comparisons to other nations.
Key Facts
- Syria's GDP per capita on a PPP basis was $2,526 in 2020.
- This represents a 71% decrease from Syria's 2010 PPP GDP per capita of $8,713.
- Syria's PPP GDP per capita is significantly lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services produced per person in Syria, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more accurate comparison of living standards and economic output in Syria relative to other nations, which is important for understanding economic development and making cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, international organizations, and economists to assess Syria's economic performance and make comparisons to other countries.
Q: Are there update delays or limitations?
A: The data may have update delays due to the complexities of collecting and calculating purchasing power parity estimates across countries.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Syria (PPCGDPSYA620NUPN), retrieved from FRED.