Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Syria
KGPPPGSYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.51
Year-over-Year Change
40.33%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the government consumption share of GDP per capita in Syria, adjusted for purchasing power parity. It provides insight into the role of government spending in 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
The government consumption share of GDP per capita is a key metric for evaluating the size and influence of the public sector within a national economy. This data series offers a standardized, internationally comparable view of government's relative economic footprint in Syria.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this indicator to assess the fiscal policy orientation and the degree of state involvement in the Syrian economy.
Key Facts
- Syria's government consumption share of GDP per capita was 10.78% in 2020.
- This indicator has declined from a high of 19.91% in 1990.
- Syria's government consumption share is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP per capita that is attributable to government consumption expenditures, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP provides insight into the role and size of the public sector within a national economy, which is a key factor in fiscal and economic policy analysis.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess a country's fiscal orientation and the degree of state involvement in the economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: This data series may have a 1-2 year lag due to the time required for national accounts compilation and purchasing power parity calculations.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Syria (KGPPPGSYA156NUPN), retrieved from FRED.