Constant GDP per capita for the Syrian Arab Republic
NYGDPPCAPKDSYR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
669.90
Year-over-Year Change
-56.58%
Date Range
1/1/1960 - 1/1/2023
Summary
The Constant GDP per capita for the Syrian Arab Republic measures the country's economic output per person, adjusted for inflation. This metric provides insight into the standard of living and productivity of the Syrian population.
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 series represents the real Gross Domestic Product (GDP) per capita for Syria, calculated by dividing the country's total GDP by its population. It is a key indicator of economic development and living standards that allows for comparisons over time and across countries.
Methodology
The data is calculated by the World Bank using official GDP and population statistics reported by the Syrian government.
Historical Context
Economists and policymakers track this metric to gauge the overall health and growth of the Syrian economy.
Key Facts
- Syria's GDP per capita was $2,527 in 2020.
- Real GDP per capita in Syria has declined by over 50% since 2010.
- Syria's economy has been significantly disrupted by civil war since 2011.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total economic output of Syria divided by its population, adjusted for inflation. It provides insight into the standard of living and productivity of the Syrian people.
Q: Why is this trend relevant for users or analysts?
A: Tracking changes in Syria's GDP per capita is critical for understanding the overall state of the country's economy and the material well-being of its citizens, especially given the severe disruptions caused by the ongoing civil war.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official GDP and population statistics reported by the Syrian government.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor Syria's GDP per capita to gauge the country's economic development, assess living standards, and inform policies aimed at promoting growth and improving the welfare of the Syrian people.
Q: Are there update delays or limitations?
A: Due to the ongoing civil conflict in Syria, there may be delays or limitations in the reporting and collection of the underlying data used to calculate this metric.
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Citation
U.S. Federal Reserve, Constant GDP per capita for the Syrian Arab Republic (NYGDPPCAPKDSYR), retrieved from FRED.