Gross Domestic Product Per Capita for Syrian Arab Republic
PCAGDPSYA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
847.37
Year-over-Year Change
-71.30%
Date Range
1/1/1960 - 1/1/2023
Summary
The Gross Domestic Product (GDP) Per Capita for the Syrian Arab Republic measures the country's economic output per person. It is a key metric for evaluating the standard of living and overall economic health.
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
GDP per capita is calculated by dividing a country's total economic output by its population. It provides a standardized measure of a nation's prosperity and development level that allows for international comparisons.
Methodology
The data is collected and calculated by the World Bank using national accounts and population statistics.
Historical Context
GDP per capita is widely used by economists, policymakers, and financial markets to assess a country's economic performance and set economic policies.
Key Facts
- Syria's GDP per capita was $1,598 in 2020.
- GDP per capita has declined by over 60% since 2010 due to the Syrian civil war.
- Syria ranked 155th globally in GDP per capita in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for Syria measures the country's total economic output divided by its population, providing a standardized metric of its economic prosperity and living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator used by economists, policymakers, and financial markets to assess a country's economic performance, development level, and standard of living relative to other nations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and population statistics.
Q: How is this trend used in economic policy?
A: GDP per capita is widely used to set economic policies, evaluate a country's progress, and make international comparisons of living standards and economic prosperity.
Q: Are there update delays or limitations?
A: The data may have some update delays due to the time required for national statistics collection and reporting. Additionally, the ongoing civil conflict in Syria may impact data quality and availability.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Syrian Arab Republic (PCAGDPSYA646NWDB), retrieved from FRED.